Brief: Squirrel Media To Carry Out Share Capital Increase Of Up To 2.1 Mln Euros

Squirrel Media SA

01/06/2022 06:25

June 1 (Reuters) - Squirrel Media SA   SQRL.MC :
    * SAID ON TUESDAY IT RESOLVED TO CARRY OUT SHARE CAPITAL
INCREASE
BY MEANS OF CASH CONTRIBUTIONS AND WITH EXCLUSION OF PRE-EMPTIVE
SUBSCRIPTION RIGHTS
    * CAPITAL INCREASE FOR NOMINAL AMOUNT OF UP TO 2.1 MILLION
EUROS
BY MEANS OF ISSUANCE UP TO 4.3 MILLION SHARES, REPRESENTING UP
TO 5% OF CURRENT SHARE CAPITAL
    * CAPITAL INCREASE TO BE CONDUCTED THROUGH PRIVATE PLACEMENT
BY
MEANS OF ACCELERATED BOOKBUILD OFFERING PROCESS 
    * CAPITAL INCREASE MAINLY DIRECTED TO QUALIFIED INVESTORS,
WITH
POSSIBLE PARTICIPATION OF NON-QUALIFIED INVESTORS IN SPAIN WITH
MINIMUM SUBSCRIPTION OF 100,000 EUROS
    * NEW ORDINARY SHARES WITH NOMINAL VALUE OF 0.50 EURO PER
SHARE,
OF SAME CLASS AND SERIES AS CURRENTLY OUTSTANDING SHARES
    * SHARE PREMIUM TO BE DETERMINED BASED ON ACCELERATED
BOOKBUILD
OFFERING PROCESS
    * MAIN RATIONALE OF CAPITAL INCREASE IS TO OPTIMALLY FINANCE
INORGANIC GROWTH OF CO, PROMOTION OF CONTENT DISTRIBUTION
ACTIVITIES, PROVIDE "CONTENT" BUSINESS DIVISION WITH NECESSARY
EQUITY FOR EXPANSION IN ANGLO-SAXON MARKET AND PROVIDE MORE
FREE-FLOAT CAPITAL 
    * CO WILL APPLY FOR ADMISSION OF NEW SHARES TO LISTING ON
MADRID
AND BARCELONA STOCK EXCHANGES

            
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNM9l1H8f
 Further company coverage:  SQRL.MC  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))