Brief: Viaplay Group Completes Recapitalisation Programme

Viaplay AB (publ)

09/02/2024 09:59

Feb 9 (Reuters) - Viaplay Group AB (publ)  VPLAYb.ST :
    * SUCCESSFULLY COMPLETES COMPREHENSIVE RECAPITALISATION
PROGRAMME
    * RECEIVED PAYMENTS TOTALLING SEK 4 BILLION FOR 4 BILLION
CLASS B
SHARES OFFERED IN RIGHTS ISSUE AND DIRECTED ISSUE
    * SEK 3.6 BILLION NET PROCEEDS OF RIGHTS ISSUE AND DIRECTED
ISSUE,
AFTER SEK 0.4 BILLION OF COSTS RELATED TO OVERALL
RECAPITALISATION PROGRAMME, WILL BE USED TO REPAY DRAWN
REVOLVING CREDIT FACILITY (SEK 3.4 BILLION AFTER WRITE-DOWN) AND
TO FUND GROUP'S ONGOING BUSINESS
    * GROUPE CANAL+ AND PPF,  WILL INCREASE THEIR SHAREHOLDINGS
TO
29.33 PER CENT FOR GROUPE CANAL+ AND 29.29 PER CENT FOR PPF
    * APPROXIMATELY 94 PER CENT OF RIGHTS ISSUE WAS SUBSCRIBED
FOR
WITH SUPPORT OF SUBSCRIPTION RIGHTS, WITH REMAINING 6 PER CENT
OF RIGHTS ISSUE SUBSCRIBED FOR WITHOUT SUPPORT OF SUBSCRIPTION
RIGHTS

Source text for Eikon:  ID:nWkr80Qj5F 
Further company coverage:  VPLAYb.ST 

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