Capitalization of €2.3 Million Loan Approved by Extraordinary General Meeting

22 Mar Capitalization of €2.3 Million Loan Approved by Extraordinary General Meeting

Posted at 11:47h in Uncategorized by Cristina Infante 0 Comments

At the Extraordinary General Meeting of Shareholders held on March 21, 2024, the capitalization of a €2.3 million loan through the issuance of new company shares was approved. The conversion price is €0.4056 per share. This measure will significantly reduce the company’s debt, increase equity, and would improve financial results due to lower interest accrual of a high yield debt. For more details, please refer to the official OIR (only in Spanish):

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Capitalization of €2.3 Million Loan Approved by Extraordinary General Meeting

22 Mar Capitalization of €2.3 Million Loan Approved by Extraordinary General Meeting

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