Brief: Terna Energy Sa Recommends Shareholders To Abolish Pre-Emptive Right In Upcoming Capital Increase

Terna Energy SA

11/08/2020 08:57

Aug 11(Reuters) - Terna Energy SA  TENr.AT :
    * BOARD UNANIMOUSLY RECOMMENDS SHAREHOLDERS TO ABOLISH
PRE-EMPTIVE
RIGHT IN UPCOMING CAPITAL INCREASE
    * BOARD SAYS THE PROPOSED OFFERING OF UP TO 4.556.757 NEW
SHARES
WILL BE THROUGH PRIVATE PLACEMENT TO INTERNATIONAL INVESTORS
    * BOARD SAYS THE COMPANY DOES NOT INTEND TO SELL THE
4.293.268
SHARES IT HAS ACQUIRED UNDER SHARE REPURCHASE PROGRAMS, INSTEAD
CANCELS THEM SOON
    * BOARD SAYS THE EFFECTIVE DILUTION FOR THE SHAREHOLDERS OF
THE
COMPANY IS OF 1.0%

    
 Source text: [https://bit.ly/31EzQJ1]
    
 Further company coverage:  TENr.AT  
   


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