MILAN (AIMnews.it) - Bracknor Investment asked Visibilia Editore to convert the last 8 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 € 0.11 per share, therefore Bracknor will be entitled to 727,273 new Visibilia ordinary shares, equal to 2.18% of the capital after the increase. 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 the issuing date. The subscription price of each tranche is set at 95% of the nominal value of the bonds issued.