(Alliance News) - Netweek Spa announced Tuesday that the third tranche of the bond issued last Oct. 20 and fully subscribed by Global Corporate Finance Opportunities has been partially converted.
The conversion involved 7 bonds with a total countervalue of a nominal EUR35,000.00.
The price thus determined, equal to EUR0.09 per share, consequently resulted in the issuance to GCFO of 388,888 new Netweek shares with regular dividend rights.
As a result of the conversion, the share capital will thus consist of a total of 50.0 million ordinary shares.
Netweek closed Tuesday in the red by 4.4 percent at EUR0.0860 per share.
By Claudia Cavaliere, Alliance News reporter
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