Vincenzo Zucchi spa signed thebank debt restructuring agreement which provides for the conversion of approximately 15 million euros of medium-long term debt into a capital increase. The company, leader in Europe in the production and distribution of household linen, is preparing for a new capital increase of 20 million euros in option to shareholders, fully guaranteed.
The agreement, among other things, provides for a share capital increase, with the issue of ordinary shares to be offered as an option in favor of all shareholders, for a total amount of 20 million euros and a reduction of approximately 15 million euros of the medium/long-term exposure, for a total of 42,6 million euros, through the subscription of ordinary shares by the lending banks at a unit price equal to three times the issue price of the shares deriving from the capital increase in option to members.
Vicenzo Zucchi's board of directors has decided to propose to the shareholders' meeting a share capital increase of 20 million euros with the issue of ordinary shares to be offered as an option to all shareholders at 0,072 euros per share.
By mid-morning, Zucchi's stock soared by more than six points in Piazza Affari.
