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Centro HL Distribuzione SpA (CHL.MI)

CHL.MI on Milan Stock Exchange

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22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

CHL appoints Sauro Landi chairman
Thursday, 21 Sep 2017 07:27am EDT 

Sept 21 (Reuters) - CENTRO HL DISTRIBUZIONE SPA ::SAID ON WEDNESDAY BOARD HAD APPOINTED SAURO LANDI EXECUTIVE CHAIRMAN.BOARD REVOKED FERNANDO FRANCHI'S DELEGATED POWERS AND ROLE AS CHAIRMAN.FERNANDO FRANCHI HAD ALREADY SUSPENDED HIS ROLE AS CHAIRMAN IN JUNE 2016 ON HIS OWN WILL.  Full Article

CHL: court says cannot rule on validity of bonds issued to Fernando and Federigo Franchi
Wednesday, 13 Sep 2017 09:25am EDT 

Sept 13 (Reuters) - CENTRO HL DISTRIBUZIONE SPA ::COURT IN FLORENCE SAID CANNOT RULE WHETHER THE BONDS SUBSCRIBED BY FERNANDO AND FEDERIGO FRANCHI ARE INVALID AND/OR NEED TO BE CANCELLED .COURT WITHDRAWS PREVIOUS RULING WHICH REQUIRED THE SEIZURE OF THE BONDS.  Full Article

CHL: court orders seizure of bonds owned by Federigo and Fernando Franchi
Tuesday, 15 Aug 2017 02:09am EDT 

Aug 15 (Reuters) - CENTRO HL DISTRIBUZIONE SPA ::SAID ON MONDAY THAT THE CIVIL COURT IN FLORENCE HAD ORDERED THE JUDICIAL IMPOUNDMENT OF 2.4 MLN BONDS OWNED BY FEDERIGO FRANCHI AND 2.5 MLN BONDS OWNED BY FERNANDO FRANCHI.THE COURT HAS ALSO ORDERED THE JUDICIAL IMPOUNDMENT OF 20.2 MLN SHARES ALSO OWNED BY FERNANDO FRANCHI AND FEDERIGO FRANCHI RESULTING FROM BOND CONVERSION.  Full Article

CHL approves development plan, sees net profit in 2018
Friday, 14 Jul 2017 04:43am EDT 

July 14 (Reuters) - CHL ::APPROVES 2017-2021 INDUSTRIAL DEVELOPMENT PLAN, SEES REVENUE OF 25.7 MLN EUROS IN 2017, 35.6 MLN EUROS IN 2018, 39.2 MLN EUROS IN 2019, 46.4 MLN EUROS IN 2020 AND 53.8 MLN EUROS IN 2021.SEES NET LOSS OF 1.1 MLN EUROS IN 2017, NET PROFIT OF 1.2 MLN EUROS IN 2018, NET PROFIT OF 1.6 MILLION EUROS IN 2019, NET PROFIT OF 2.9 MILLION EUROS IN 2020, NET PROFIT OF 4.3 MILLION EUROS IN 2021.SEES EBITDA AT 0.4 MLN EUROS IN 2017, 3.0 MLN EUROS IN 2018, 3.8 MLN EUROS IN 2019, 5.7 MLN EUROS IN 2020, 7.5 MLN EUROS IN 2021.SEES INVESTMENT IN NEXT 12 MONTHS AT 1 MLN EUROS.  Full Article

CHL: 2.7 mln shares subscribed in fourth conversion period of bond due 2018
Wednesday, 5 Jul 2017 05:18am EDT 

July 5 (Reuters) - CENTRO HL DISTRIBUZIONE SPA ::REPORTED ON TUESDAY RESULTS OF THE FOURTH CONVERSION PERIOD FOR ITS 6.0 PCT 2014-2018 CONVERTIBLE BOND.REPORTED 2.7 MILLION SHARES SUBSCRIBED, CORRESPONDING TO AN INCREASE IN SHARE CAPITAL OF EUR 16,240.67, WITH A PROVISION FOR THE SHARE PREMIUM RESERVE OF EUR 50,075.41.  Full Article

CHL not to reimburse fourth tranche of bond due 2018
Monday, 3 Jul 2017 06:15am EDT 

July 3 (Reuters) - CENTRO HL DISTRIBUZIONE SPA ::SAID ON FRIDAY IT WOULD NOT REIMBURSE THE FOURTH TRANCHE OF 6.0 PCT 2014-2018 CONVERTIBLE BOND.TRANCHE AMOUNTS TO UP TO 1.6 MILLION EUROS AND INCLUDES AN INTEREST COUPON OF 0.2 MLN EUROS.DECISION WAS THE RESULT OF NON FULFILMENT OF COMMITMENTS MADE BY SHAREHOLDERS FERNANDO AND FEDERIGO FRANCHI TO GIVE ADEQUATE FINANCIAL RESOURCES TO THE COMPANY.  Full Article

Ichigo to invest 3.21 bln yen in silent partnership to acquire 100 pct stake in CENTRO
Friday, 30 Jun 2017 02:50am EDT 

June 30(Reuters) - Ichigo Inc <2337.T>:Says it will invest 3.21 billion yen in a silent partnership (SPC), to make the SPC as a wholly owned unit of the company on June 30.Says the SPC will use the money to buy 100 percent stake in real estate firm CENTRO Co Ltd, on July 3.  Full Article

CHL divests activities in parapharmaceutical sector
Friday, 28 Apr 2017 05:45am EDT 

April 28 (Reuters) - Centro HL Distribuzione SpA ::Said on Thursday board approved not to continue with the activities in the parapharmaceutical sector via its stake in its affiliated company FarmaCHL Srl .The transaction will result in the write-down of the value of the stake in FarmaCHL but will have a beneficial cash flow effect.  Full Article

CHL board to increase share capital reserved to Terra shareholders
Tuesday, 22 Nov 2016 04:35am EST 

Centro HL Distribuzione SpA : Said on Monday that relating to the acquisition of a stake from 80 pct to 100 pct in Terra SpA, the board proposed to increase the share capital of the company by 14.3 million euros ($15.17 million) . Plans to increase capital via issue of up to 714.3 million ordinary shares with value of 0.02 euro per share, of which 0.014 euro is share premium and 0.006 euro is nominal value . The issued shares to be reserved to Terra SpA shareholders . As a result of the transfer the company to take the control over Terra SpA .CHL's shareholders meeting to approve capital increase will be held on Dec. 22.  Full Article

CHL H1 net loss widens to EUR 0.9 mln, to buy majority stake in Terra
Friday, 30 Sep 2016 07:28am EDT 

Centro HL Distribuzione SpA : Said on Thursday that the board approved the acquisition of a stake from 80 pct to 100 pct in Terra . Terra operates in the sectors of telecoms and services for e-commerce . The value of the total stake in Terra ranges from 12 million euros ($13.41 million) to 15 million euros . To incorporate Terra via capital increase reserved to Terra shareholders . Reported H1 revenue 2.1 million euros ($2.35 million) versus 2.9 million euros a year ago .H1 net loss 0.9 million euros versus loss 0.8 million euros a year ago.  Full Article

BRIEF-CHL appoints Sauro Landi chairman

* SAID ON WEDNESDAY BOARD HAD APPOINTED SAURO LANDI EXECUTIVE CHAIRMAN

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