(Finance) – The Board of Directors of Portobelloa company listed on the Euronext Growth Milan market which operates through the activity of barter in the publishing and advertising sector and owner of the retail chain of the same name and of the ePRICE portal, has partially exercised the delegation granted to the administrative body by the extraordinary meeting of shareholders on 23 November 2023 resolving to increase the paid share capital, divisibly and progressively, up to a maximum amount of Euro 7,999,999.99, including any share premium, through the issue of ordinary shares, without indication of value expressed nominal value, having the same characteristics as the ordinary shares in circulation on the date of issue and regular enjoyment, to be offered as an option to shareholders.
At the same time, the Board of Directors resolved to postpone the precise determination of the detailed elements of the operation and, in particular, of the issue price to a subsequent board meeting, to be held close to the start of the option offer period. of the new shares resulting from the Capital Increase (including any share premium), the maximum number of newly issued ordinary shares, the ratio of assignment under option to the shareholders of the new ordinary shares, the definitive amount of the Capital Increase and more generally of the calendar of the option offer, the negotiation of the rights and the offer of any unexercised rights.The operation – explains a note – has the aim of contributing to strengthening Portobello’s capital and financial structure in order to support the group’s working capital and its related development strategies.