Brief: Makheia Announces Free Allocation Of Warrants To Shareholders

Netmedia SA

22/07/2020 17:38

July 22 (Reuters) - MAKHEIA GROUP SA  ALMAK.PA :
    * ANNOUNCES FREE ALLOCATION OF BSA TO SHAREHOLDERS AND
REDUCES ITS
BOND DEBT
    * WARRANTS (BSA) A WILL BE ALLOCATED FREE OF CHARGE ON JULY
31,
2020 TO SHAREHOLDERS AT RATE OF ONE BSA PER SHARE HELD
    * IN THE EVENT THAT ALL THE WARRANTS (BSA) A ARE EXERCISED,
THE
GROSS PROCEEDS FROM THE ISSUE OF SHARES NEW ISSUES OF WARRANTS
(BSA) A WOULD BE € 3,733,216.20
    * IN THE EVENT THAT, FOLLOWING THE EXERCISE OF ALL THE
WARRANTS
(BSA) A BEFORE DECEMBER 31, 2020, ALL THE WARRANTS (BSA) B WERE
ALLOCATED AND EXERCISED, THE GROSS PROCEEDS FROM THE ISSUE OF
NEW SHARES ISSUED WARRANTS (BSA) B WOULD BE € 2,844,355.20
    * WARRANT (BSA) A WILL GIVE RIGHT TO SUBSCRIBE TO ONE NEW
SHARE OF
CO WITH UNIT PAR VALUE OF € 0.10, ISSUED AT UNIT PRICE OF € 0.21
(ISSUE PREMIUM INCLUDED), TO BE PAID IN FULL IN CASH UPON
SUBSCRIPTION
    * DEBT REDUCTION FOR MORE THAN EUR 2.3 MILLION

Source text: https://bit.ly/30DhLKY
Further company coverage:  ALMAK.PA 

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