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Centro HL Distribuzione SpA (CHL.MI)

CHL.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CHL To Buy 100% Of Price4u
Wednesday, 12 Jun 2019 08:19am EDT 

June 12 (Reuters) - Centro HL Distribuzione SpA ::SIGNS AGREEMENT FOR TOTAL PURCHASE OF PRICE4U SRL.PURCHASE PRICE IS EUR 45,000.AGREEMENT ENVISAGES EARNOUT OF EUR 30,000.ACQUISITION TO BE PAID WITH OWN RESOURCES WITHOUT FINANCING NOR DEBT.ACQUISITION TO BE CARRIED OUT BY JULY 31ST.  Full Article

Italy's CHL To Acquire Poland's Airtime And Rumenia's Prime Exchange Technologies
Wednesday, 15 May 2019 05:35pm EDT 

May 16 (Reuters) - CHL SpA : :SAID ON WEDNESDAY IT HAD SIGNED AGREEMENT TO BUY 100 PCT OF POLAND'S AIRTIME AND RUMENIA'S PRIME EXCHANGE TECHNOLOGIES.TO PAY FOR THE TWO COMPANIES IN SHARES THROUGH RESERVED CAPITAL INCREASE OF UNIT TERRA.ESTIMATED PRICE OF THE ACQUISITIONS IS EUR 2.0 MLN.  Full Article

Italy's CHL: Auditing Co Sees "Multiple, Significant" Uncertainties In 2018 Results
Wednesday, 15 May 2019 05:27pm EDT 

May 16 (Reuters) - CHL SpA : :SAID ON WEDNESDAY THAT IT HAD RECEIVED THE REPORT OF AUDITING COMPANY BDO ITALIA ON FY 2018 RESULTS .AUDITING CO SAYS THAT GOING CONCERN ASSUMPTION IS SUBJECT TO "MULTIPLE, SIGNIFICANT" UNCERTAINTIES WITH POTENTIAL INTERACTIONS AND POSSIBLE CUMULATIVE EFFECTS.  Full Article

CHL Estimates It Has Enough Liquidity To Continue Operating As Going Concern Until March 11
Wednesday, 2 Jan 2019 05:55am EST 

Jan 2 (Reuters) - Centro HL Distribuzione SpA ::ESTIMATES IT HAS ENOUGH LIQUIDITY UNTIL MARCH 11.IS EVALUATING FURTHER OPTIONS TO GUARANTEE BUSINESS AS GOING CONCERN.  Full Article

CHL Does Not Manage To Sell Remaining Rights From Capital Increase
Monday, 31 Dec 2018 05:02pm EST 

Jan 2 (Reuters) - Centro HL Distribuzione SpA ::SAID ON MONDAY IT DID NOT MANAGE TO SELL UNOPTED RIGHTS IN ITS RIGHTS ISSUE .UNOPTED RIGHTS AMOUNT TO 1.0 MLN FOR THE TOTAL VALUE OF EUR 4.0 MLN.SHAREHOLDERS WHO COMMITTED TO SUBSCRIBING TO THE RIGHTS ISSUE FOR A TOTAL OF EUR 1.9 MLN ONLY PARTIALLY FULFILLED THEIR OBLIGATION BY SUBSCRIBING EUR 1.2 MLN.  Full Article

CHL Says Will Have To File For Insolvency If It Does Not Manage To Cover Losses With Cash Call
Tuesday, 18 Dec 2018 11:31am EST 

Dec 18 (Reuters) - Centro HL Distribuzione SpA ::REPORTS SUBSCRIPTION OF 2.1 PERCENT OF RIGHTS ISSUE.SHAREHOLDERS DID NOT TO FULFILL THEIR OBLIGATION TO SUBSCRIBE FOR TOTAL OF EUR 1.9 MILLION DUE TO RIGHT ISSUE AND CASH TRASFER TIMING.SHAREHOLDERS WHO MADE BINDING COMMITMENT TO RIGHTS ISSUE WILL TRANSFER MONEY WHICH WILL BE USED TO SUBSCRIBE UNOPTED SHARES.WILL NOT BE ABLE TO COVER FINANCIAL NEEDS IF CASH CALL SUBSCRIPTIONS AMOUNT ONLY TO COMMITMENTS BY SHAREHOLDERS.WILL HAVE TO USE INSTRUMENTS IN COMPOSITION WITH CREDITORS AND BANKRUPTCY LAW IF CASH CALL DOES NOT COVER FINANCIAL NEEDS.ESTIMATES IT HAS ENOUGH LIQUIDITY UNTIL FEB 28, 2019.IF SHAREHOLDERS DO NOT COMPLY WITH THEIR SUBSCRIPTION COMMITMENTS, COMPANY WILL HAVE ENOUGH LIQUIDITY UNTIL JAN-END.  Full Article

CHL H1 Net Loss Narrows To Eur 0.6 Mln
Thursday, 30 Aug 2018 05:26pm EDT 

Aug 31 (Reuters) - CENTRO HL DISTRIBUZIONE SpA ::SAID ON THURSDAY THAT IT REPORTED H1 REVENUE OF 11.2 MILLION EUROS VERSUS 12.2 MILLION EUROS A YEAR AGO.H1 NET LOSS 0.6 MILLION EUROS VERSUS LOSS OF 0.7 MILLION EUROS A YEAR AGO.SAID DATA FOR H1 2018 REFER TO DIFFERENT CONSOLIDATION AREA COMPARED TO H1 2017 DUE TO DECONSOLIDATION OF SUBSIDIARY FRAEL, ALREADY IMPLEMENTED AT BALANCE SHEET AS AT DEC. 31, 2017.EXPECTS OPERATING PERFORMANCE IN H2 2018 TO BE LINE WITH THAT OF H1 2018 .SAID BELIEVES THAT IT IS ABLE TO MEET THE FINANCIAL NEEDS FOR THE 12 MONTHS AFTER JUNE 30, 2018.  Full Article

CHL Raises Capital For EUR 0.6 Mln At End Of Fifth Conversion Period Of Bond Due 2018
Monday, 2 Jul 2018 05:34pm EDT 

July 3 (Reuters) - CHL ::SAID ON MONDAY IT HAD ISSUED 38.7 MLN SHARES OF NOMINAL VALUE OF EUR 0.006 /SHR AT END OF FIFTH AND LAST CONVERSION PERIOD FOR BONDS "CHL 6,00% 2014-2018 CONVERTIBILE".NUMBER OF ORDINARY SHARES SUBSCRIBED CORRESPONDS TO CAPITAL INCREASE OF EUR 0.6 MLN, WITH EUR 0.3 MLN ALLOCATED TO SHARE PREMIUM RESERVE .TOTAL AMOUNT OF BONDS CONVERTED IS EQUAL TO 35.9 PCT.TO FULLY REIMBURSE BONDS WHICH HAVEN'T BEEN CONVERTED, WHICH AMOUNT TO 10.0 MLN.SHARE CAPITAL AMOUNTS TO EUR 6.4 MLN FOLLOWING BOND CONVERSION.  Full Article

CHL Extends Share Capital Increase Until Dec. 31
Saturday, 9 Jun 2018 04:23am EDT 

June 11 (Reuters) - CHL ::SAID ON FRIDAY BOARD HAD EXTENDED DEADLINE FOR SUBSCRIPTION OF CAPITAL INCREASE UNTIL DEC. 31.BOARD WILL OPEN TWO ADDITIONAL SUBSCRIPTION PERIODS, BOTH OF WHICH WILL BE 15 DAYS LONG.  Full Article

CHL: Auditing Firm Sees Uncertainties In FY 2017 On Going Concern Assumption
Thursday, 24 May 2018 01:31am EDT 

May 24 (Reuters) - CENTRO HL DISTRIBUZIONE SPA ::AUDITING FIRM BDO ITALIA SAYS CANNOT EXPRESS OPINION ON 2017 INCOME STATEMENT.AUDITING FIRM SEES "MULTIPLE, SIGNIFICANT" DOUBTS ABOUT 2017 INCOME STATEMENT ON GOING CONCERN ASSUMPTION.  Full Article

BRIEF-Italy's CHL To Acquire Poland's Airtime And Rumenia's Prime Exchange Technologies

* SAID ON WEDNESDAY IT HAD SIGNED AGREEMENT TO BUY 100 PCT OF POLAND'S AIRTIME AND RUMENIA'S PRIME EXCHANGE TECHNOLOGIES

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