(Tiper Stock Exchange) – Prisaa Spanish company active in the media sector, communicated that its shareholder Vivendi got theauthorization from the Spanish government to increase its stake in the share capital, by converting all the convertible bonds it owns.
These bonds were subscribed by Vivendi as part of the public subscription offer of bonds convertible into ordinary shares in February 2023. The total nominal amount of the issue was 129,999,500 euros and the first conversion periodcurrently ongoing, started on May 1, 2023 and will end on May 10, 2023.
The conversion by Vivendi of the subscribed bonds will involve, in the final hypothesis of total conversion by all the bondholders, an increase in the stake of the French group in Prisa at the 10.9%. This participation would reach a provisional maximum of 15% in the event that Vivendi was the only subscriber to have exercised its voluntary conversion right.