June 25, 2018 / 9:51 AM / 5 months ago

BRIEF-Energica Motor Company GSM Approves Shares And Bond Issues

June 25 (Reuters) - Energica Motor Company SpA:

* SAID ON FRIDAY THAT GSM APPROVED STOCK OPTION PLAN AND SHARE CAPITAL INCREASE FOR UP TO EUR 1.6 MILLION

* ALSO APPROVED TO INCREASE THE SHARE CAPITAL FOR UP TO EUR 20.0 MILLION

* CHANGED DEADLINE FOR SUBSCRIPTION OF THE SHARE CAPITAL INCREASE AGAINST PAYMENT FOR THE ISSUE OF THE “2016-2018 ENERGY WARRANT”

* SAID TO INCREASE THE SHARE CAPITAL RESERVED FOR CRP MECCANICA AND CRP TECHNOLOGY BY CREDIT COMPENSATION FOR UP TO EUR 4.3 MILLION

* APPROVED TO ISSUE OF CONVERTIBLE BONDS, POSSIBLY CUM WARRANT, FOR UP TO EUR 5.0 MILLION AND OF THE WARRANTS FOR UP TO EUR 2.0 MILLION

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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