July 8, 2020 / 5:25 AM / a month ago

BRIEF-eDreams: Board Of Directors Has Agreed To Issue 8.3 Mln Shares

July 8 (Reuters) - eDreams Odigeo SA:

* SAID ON TUESDAY THAT IN THE CONTEXT OF THE CORPORATE TRANSFER TO SPAIN, THE BOARD OF DIRECTORS HAS AGREED TO ISSUE 8.3 MILLION SHARES

* SAYS SHARES WILL BE DELIVERED IN ACCORDANCE WITH CALENDAR ESTABLISHED BY BOARD OF DIRECTORS AT TIME OF APPROVAL OF THE LTLPS

* UNDELIVERED SHARES WILL BE CANCELLED AFTER THE TERMINATION OF LTLPS

* SAYS SHARES WILL BE HELD BY GROUP AS TREASURY STOCK AND THE ECONOMIC AND VOTING RIGHTS OF THE NEWLY ISSUED SHARES WILL BE SUSPENDED

* NEW SHARES WERE ISSUED ON TUESDAY AND ARE EXPECTED TO BE ADMITTED TO OFFICIAL TRADING ON THE MADRID, BARCELONA, BILBAO AND VALENCIA STOCK EXCHANGES THROUGH THE SISTEMA DE INTERCONEXIÓN BURSÁTIL

Source text: bit.ly/3egzMnf

Further company coverage: (Gdansk Newsroom)

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