Brief: Estrima Approves Zentronic's Proposal In Support Of Restructuring Plan

Estrima SpA

18/02/2025 06:18

Feb 18 (Reuters) -  BIRO.MI :
    * SAID ON MONDAY IT HAD APPROVED BINDING PROPOSAL RECEIVED
FROM
ZETRONIC TO SUPPORT NEGOTIATED CRISIS SETTLEMENT PROCEDURE
    * ESTRIMA TO PROCEED WITH RESERVED CAPITAL HIKE WITH
EXCLUSION OF
PRE-EMPTIVE RIGHTS FOR EUR 3 MLN BY MARCH 31
    * ZENTRONIC TO SUBSCRIBE 52%-58% OF ESTRIMA'S SHARE CAPITAL
    * ZENTRONIC TO OBTAIN EXEMPTION OF PUBLIC PURCHASE OFFER
OBLIGATION FROM ITALY'S MARKET WATCHDOG CONSOB
    * PROPOSAL SUBJECT TO POSITIVE OUTCOME OF FINANCIAL DUE
DILIGENCE
TO BE CONDUCTED BY ZENTRONIC

    
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