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Mondo TV SpA Updates on Process for Admission to AIM Italia of Mondo TV France SA


Wednesday, 20 Mar 2013 12:41pm EDT 

Mondo TV SpA announced that pursuant to the AIM Regulations it is expected that the admission to AIM Italia of Mondo TV France SA will be obtained by Borsa Italiana on March 21, 2013. The admission realizes the condition for the execution of the shareholders’ meeting approving the free assignment by the holding company Mondo TV SpA to its shareholders of a number of shares representing 25% of the Company’s capital of Mondo TV France at an assignment rate of one share of Mondo TV France for each owned share of Mondo TV SpA. The shares of Mondo TV France to be assigned are therefore 26,424,828. The shares will be assigned at a value of EUR 0,11353 each for a global distributed value of EUR 3,000,000; for such purposes a portion of the share premium reserve shall be utilized. Since at the date of January 31, 2013, the participation of 100% of Mondo TV France shares is registered in Mondo TV accounts at EUR 1,000,000, as an effect of the above distribution the net equity of the holding company will be reduced of EUR 250,000. The voucher representing the free assigned shares will be numbered under 5, and will be assigned on March 25, 2013 through all intermediaries authorized within Monte Titoli system. The above completes the procedure for the admission on AIM Italia of Mondo TV France shares, whose negotiations shall start on March 25, 2013. It is reminded that Mondo TV France is assisted by Banca Finnat Euramerica SpA which operates as Nominated Adviser. 

Company Quote

1.836
0.0060 +0.33%
7:18am EDT