(Finance) – The Board of Directors of Portobelloa company listed on Euronext Growth Milan and active with the retail chain of the same name and in the Media & Advertising sector through the barter activity, has decided to convene the shareholders’ meeting for 22 November 2023 on first call and, if necessary, for 23 November 2023, on second call to submit for the approval of the meeting the proposal to grant the Board of Directors a delegation to increase the share capital and issue bonds within five years from the relevant resolution up to a maximum of 20 million euros.
The attribution of the delegation is functional, inter alia, to allow Portobello to make investments and possible acquisitions which allow you to further develop your growth path, we read in a note.
“The convocation of the meeting, aimed at being able to raise new capital for the Group in the next 5 years, is part of the growth plan for the next few years of the Company which aims to continue its development by balancing the sources of financing”, he commented on president Pietro Peligra.