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Lucisano Media Group prepares capital increase without option rights

MILANO (AIMnews.it) - The Shareholders' Meeting of Lucisano Media Group has launched a capital increase with the exclusion of the option right. Up to 2.6 million new shares will be issued to qualified shareholders and the transaction will have to be completed by June. The objective is to increase the stock's float and improve its liquidity: the fresh vehicles will then consolidate the existing businesses and develop the new business unit for documentaries and docufiction for new media. The BoD will be responsible for fixing the amount of the issue and the price of the increase, which must not be lower than the asset value.

24/01/2018