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BRIEF-Primi sui Motori implements 4 mln euro capital increase
February 13, 2017 / 5:10 PM / 7 months ago

BRIEF-Primi sui Motori implements 4 mln euro capital increase

Feb 13 (Reuters) - Primi sui Motori SpA:

* Launches capital increase for up to 4 million euros ($4.24 million)

* To issue up to 2.3 million shares in one or more tranches by Dec. 31, 2018

* Newly issued shares to be offered for subscription in a private placement

* Board approves a bond issue program for up to nominal 9.5 million euros

* Bonds will have the duration of six years and will bear an interest for the fixed annual gross rate of 5.5 percent Source text for Eikon: Further company coverage: ($1 = 0.9436 euros) (Gdynia Newsroom)

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