Il Sole 24 Ore announced the terms of the 50 million euro capital increase: the operation starts on October 30 and was approved on Wednesday by the board of directors.
The new shares are offered at a price which provides for a discount of 34,8% on the theoretical ex-rights price, at the rate of one for every four old shares held.
The offer under option, specifies the newspaper, will have as its object newly issued special shares, with no par value, to be offered to all the company's shareholders at the subscription price of 0,961 euro per share (0,010 as capital and 0,951 as share premium), at the rate of one for every 4 old owned.
Consequently, the offer will involve the issue of 52.012.476 new special shares for a total value of 49.983.989,44 euros. The operation is subject to legal authorisations, the start-up, as mentioned, is scheduled for 30 October.
