Capital increase of approx. 398.48 million euros

Solocal SE

03/03/2017 06:43

March 3 (Reuters) - Solocal Group SA  LOCAL.PA : 
    * Success of capital increase with preferential subscription rights 
    * Capital increase of approximately 398.48 million euros ($419.36 million)(including issue 
premium), at the subscription price of 1 euro per share 
    * 272,650,250 new shares subscribed in cash by shareholders on an irreducible and reducible 
basis, corresponding to a cash subscription rate of 68.42 percent, ie 272.65 million euros 
    * Shareholders and new investors will hold 64.20 percent of capital post-restructuring, 
creditors will hold 35.80 percent 
 
Source text: http://bit.ly/2lkUM5q 
Further company coverage:  LOCAL.PA  
 
($1 = 0.9502 euros) 
 
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