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 total countervalue of € 500.000). The conversion price will be € 0.13 per share, so Bracknor will be entitled to 384,615 new Visibilia ordinary shares, equal to 1.22% of the capital after the increase. In Bracknor's portfolio there are also another 20 convertible bonds to be converted. The agreement of Visibilia with the Dubai company provides that the loan will have a maximum amount of 3 million euros, divided into six tranches of 50 bonds with a nominal value of 10.000 euros each, non-interest bearing and with a duration of 12 months from issuing date. The subscription price of each tranche is equal to 95% of the nominal value of the bonds issued.