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Provider: Reuters Investment Profile

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Atari reinforces capital by 4.8 mln euros OCEANE conversion

Tuesday, 18 Mar 2014 03:15am EDT 

Atari SA:19,156,498 new shares to be issued as result of OCEANE 2019 conversion on demand.Share capital to be thus increased to 48,691,249 shares from 29,534,751 shares.4.8 mln euros to be raised within capital increase.On diluted basis, Ker ventures LLC, controlled by Frederic Chesnais, maintains its 28 pct stake in company and remains its majority shareholder.On undiluted basis and takin into consideration only newly issued shares, Ker Ventures LLC decreases to 13.25 pct of company's share capital. 

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7:16am EDT