MILAN (AIMnews.it) - Bracknor Investment asked Visibilia Editore for the conversion of 5 bonds that fall into the first tranche of the convertible bond loan (50 hp for a countervalue total of 500,000 euros). The conversion price will be 0.14 euro per share, so Bracknor will be entitled to 357,143 new ordinary Visibilia shares, equal to 1.14% of the capital after increase. The agreement of Visibilia with the Dubai company provides that the loan will have a maximum amount of 3 million euro, divided into six tranches of 50 bonds with a nominal value of 10.000 euros each, non-interest bearing interest and with a duration of 12 months from the date of issue. The price subscription of each tranche is equal to 95% of the value nominal value of the bonds issued.