Atari SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Atari SA issues 25.8 million-euro convertible bond; comments on FY 2013/2014 and FY 2014/2015 financial guidance
Atari SA:Says it is to raise 25.8 million euros through a convertible bond (OCEANE) issue with preferential subscription rights.Says the issue could be increased to 28.75 million euros if there is demand.Says the bonds will reach maturity in 2019 and will pay an annual coupon of 10 percent.Says the bonds are convertible at the rate of 0.25 euro per share.Says shareholders may buy seven convertible bonds for every two shares held.Says the subscription period runs from Jan. 27 to Feb. 14.Says the convertible bond issue is the last stage of its restructuring process.Sees a restated current operating loss of less than $5 million for FY 2013/2014.Expects to almost break even in terms of its restated current operating result in FY 2014/2015.
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