November 19, 2018 / 6:48 AM / a month ago

BRIEF-Nextil Proposes Two Share Capital Increases For Total Maximum Amount Of 16.1 Mln Euros

Nov 19 (Reuters) - Nueva Expresion Textil SA:

* SAID ON SATURDAY TO PROPOSE SHARE CAPITAL INCREASE FOR CREDIT COMPENSATION, FOR UP TO 9.9 MILLION EUROS (NOMINAL VALUE PLUS SHARE PREMIUM)

* SAYS ISSUE WILL BE SUBSCRIBED AND PAID FOR BY OFFSETTING CREDIT HELD BY BUSINESSGATE SL AGAINST COMPANY, WITH INCOMPLETE SUBSCRIPTION FORECAST

* TO PROPOSE SHARE CAPITAL INCREASE WITH MONETARY CONTRIBUTIONS FOR UP TO 6.2 MILLION EUROS

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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