Brief: LVenture Group Updates On EUR 8 Mln Capital Increase Proposal

Zest SpA

06/03/2019 06:44

March 6 (Reuters) - LVenture Group SpA  LVEN.MI :
    * SAID ON TUESDAY MAJORITY SHAREHOLDER, LV.EN. HOLDING
S.R.L., HAS
NOT FORMALLY CONFIRMED ITS BINDING COMMITMENT TO SUBSCRIBE
PORTION OF CAPITAL INCREASE
    * SAID LV.EN. HOLDING EXPRESSED INTEREST IN PARTICIPATING IN
STRENGTHENING OF CO'S ASSETS TO SUPPORT CO'S OBJECTIVES OF
BUSINESS PLAN 2019-2022
    * CO'S BOARD PROPOSED CAPITAL INCREASE WITH PAYMENT IN
OPTION FOR
MAXIMUM VALUE OF EUR 8 MILLION 
    * CAPITAL INCREASE TRANSACTION WILL HAVE TO BE CARRIED OUT
BY
MARCH 31, 2020
    * CALLED SHAREHOLDERS' MEETING FOR APRIL 17

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA2JCmCx
    
 Further company coverage:  LVEN.MI  
   


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