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Mondo TV SpA Approves Distribution of Portion of Share Premium Reserve Through Free Assignment of Number of Shares Representing 25% of Mondo TV France


Monday, 4 Mar 2013 04:54am EST 

Mondo TV SpA announced that the shareholders of Mondo TV SpA took the decisions required to make available the share premium reserve for the distribution in kind of a portion of the same reserve through the assignment of a number of shares representing 25% of Mondo TV France SA (the controlled company) company’s capital. The shareholders’ meeting further approved such distribution conditioning it upon the admission to AIM Italia of Mondo TV France by Borsa Italiana SpA. The distribution shall consist in the free assignment by the holding company Mondo TV SpA to its shareholders of a number of shares representing 25% of Mondo TV France company’s capital with an assignment rate of one share of Mondo TV France for each share of Mondo TV SpA. The distribution is aimed at allowing a sufficient diffusion of the shares of the controlled company in the process for its admission to AIM Italia. The shares shall be assigned at a value of EUR 0.11353 each for a global distributed value of EUR 3,000,000 utilizing a portion of the share premium reserve. The decisions taken are a further step of the Admission Process and follow the transformation of the controlled company Mondo TV France from S.A.S.U. – Societe Anonyme Simplifie into a S.A. – Societe Anonyme and the adoption of the statute and governance changes. 

Company Quote

1.607
0.0030 +0.19%
22 Oct 2014