Brief: Showroomprivé Launches Capital Increase With Preferential Subscription Rights Of Around €10 Million

SRP Groupe SA

17/07/2020 07:10

July 17 (Reuters) - SRP Groupe SA  SRPG.PA :
    * SHOWROOMPRIVÉ LAUNCHES ITS CAPITAL INCREASE WITH
PREFERENTIAL
SUBSCRIPTION RIGHTS OF AROUND €10 MILLION
    * SUBSCRIPTION PRICE: EUR 0.15 PER NEW SHARE
    * SUBSCRIPTION PARITY: 22 NEW SHARES FOR 17 EXISTING SHARES
    * SUBSCRIPTION COMMITMENTS BY FOUNDING DIRECTORS UP TO 75%
OF
SHARE ISSUE
    * H1 ESTIMATED NET REVENUES IN RANGE OF EUR 301M AND EUR
303M
    * H1 ESTIMATED  EBITDA IN RANGE OF EUR 5.5M AND EUR 7.5M
    * ESTIMATED NET CASH AT 31 MAY 2020 EUR 12,7M
    * GROUP RECORDED A STRONG RECOVERY IN INTERNET SALES IN
EARLY
APRIL DURING COVID-19 PANDEMIC CONTAINMENT PERIOD

Source text for Eikon:  ID:nEQbz1vbDa 
Further company coverage:  SRPG.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))