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Solocal Group SA (LOCAL.PA)

LOCAL.PA on Paris Stock Exchange

0.84EUR
13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Solocal Group Completes Sale Of A Vendre A Louer To Leboncoin Group
Thursday, 30 Nov 2017 12:07pm EST 

Nov 30 (Reuters) - SOLOCAL GROUP SA ::SOLOCAL GROUP ANNOUNCES THE SUCCESSFUL SALE OF ITS ONLINE REAL ESTATE CLASSIFIEDS BUSINESS, AVENDREALOUER.FR, TO LEBONCOIN GROUP.  Full Article

Solocal Group- Family Office Amar acquires 1 mln shares in Solocal's capital​
Friday, 24 Nov 2017 01:48pm EST 

Nov 24 (Reuters) - Solocal Group Sa :Solocal Group SA- ‍Family Office Amar acquired recently 1 million shares in Solocal's capital, bringing its total stake in Solocal to 18.7 million shares​.  Full Article

SoLocal Group says Family Office Amar Acquires 1 Million Co's Shares
Friday, 24 Nov 2017 12:46pm EST 

Nov 24 (Reuters) - SOLOCAL GROUP SA ::FAMILY OFFICE AMAR ACQUIRED IN RECENT DAYS 1 MILLION SHARES OF CAPITAL OF SOLOCAL‍​.FAMILY OFFICE AMAR TOTAL STAKE IN CO IS NOW 18.7 MILLION SHARES.  Full Article

Solocal says its chairman, Pierre Danon, acquired 60,530 shares in co's capital
Wednesday, 15 Nov 2017 12:37pm EST 

Nov 15 (Reuters) - SOLOCAL GROUP SA ::THE CHAIRMAN OF SOLOCAL STRENGTHENS ITS STAKE IN THE GROUP'S CAPITAL.‍PIERRE DANON ACQUIRED 60,530 SHARES IN SOLOCAL'S CAPITAL​.‍PIERRE DANON'S TOTAL STAKE IN SOLOCAL IS 260,530 SHARES NOW​.  Full Article

Solocal Group says outlook for 2017 revised downwards
Thursday, 9 Nov 2017 02:00pm EST 

Nov 9 (Reuters) - SOLOCAL GROUP SA ::Q3 INTERNET REVENUE EUR 148 ‍​ MILLION VERSUS EUR 156 MILLION YEAR AGO.Q3 TOTAL REVENUE EUR ‍​177 MILLION VERSUS EUR 197 MILLION YEAR AGO.OUTLOOK FOR 2017 REVISED DOWNWARDS : INTERNET REVENUE GROWTH AROUND -1%.CANNOT COMMIT TO MORE THAN 190 MILLION EUROS OF EBITDA FOR 2017.  Full Article

Solocal Group financial restructuring plan approved by its creditors
Wednesday, 12 Oct 2016 01:08pm EDT 

Solocal Group SA : Solocal Group financial restructuring plan has been approved by its creditors .Plan will now be submitted on Oct. 19 at combined general shareholders` meeting.  Full Article

Solocal Group partners with Facebook for SMEs' digital communication
Tuesday, 11 Oct 2016 04:07am EDT 

Solocal Group SA : Announces partnership with Facebook to develop local digital communication for SMEs in France Further company coverage: [LOCAL.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Solocal Group agrees with 4 creditors on terms of financial restructuring plan
Wednesday, 5 Oct 2016 01:25am EDT 

Solocal Group SA : Agreement with 4 creditors representing about 43 pct of Solocal Group's debt on the terms of the financial restructuring plan . These creditors have in particular agreed substitution of warrants with an exercise price of 1.50 euros ($1.68), as initially planned, by free shares as proposed by company . Creditors involved in agreement have agreed, subject to resolutary condition of adoption of financial restructuring plan, not to accelerate Solocal's debt .Main creditors could increase their representation at Board of Directors following completion of financial restructuring.  Full Article

Solocal Group completes terms of its restructuring plan
Wednesday, 28 Sep 2016 01:54am EDT 

Solocal Group : Solcal Group completes the terms of its financial restructuring plan . Presentation of terms of reinstated debt of 400 million euros ($448.44 million) . Reinstated debt: 400 million euros new bonds with a maturity of 5 years . Floating rate (based on 3-month Euribor with a minimum of 1 percent) plus a margin of between 3 and 9 percent reviewed semi-annually . Company should pay between 7 and 8 percent of interest for first six-month post bond issuance . Company would have option, at any time, to redeem these bonds at 101 percent of their nominal value .Distribution of one free share for each existing share, replacing shareholders' warrants.  Full Article

Solocal Group announces plan to reduce its debt by two-thirds
Monday, 1 Aug 2016 11:40am EDT 

Solocal Group Sa : Solocal Group announces a financial restructuring plan to reduce its debt by two-thirds . Financial debt would be reduced from 1,164 million euros ($1.30 billion) to 400 million euros, thereby reducing financial leverage of group from 4.2x to 1.5x . Equity would be strenghtened through: rights issue preserving shareholder`s preferential subscription rights for 400 million euros at 1 euro per share . Equity would be strenghtened through: a debt to equity leading to a capital increase reserved to all its creditors . Should rights issue be fully subscribed in cash by existing shareholders, existing shareholders would own 84.4 pct of company`s share capital post-restructuring . Should rights issue be fully subscribed in cash by existing shareholders: creditors would own 15.6 pct of company`s share capital post-restructuring . Those creditors would receive in return for their 1,164 million euros receivables: 400 million euros of reinstated debt, 380 million euros of cash and 15.6 pct of company`s share capital . If rights issue is fully subscribed in cash, such reserved share capital increase would reach an amount of 384 million euros at a price of 4.73 euros per share.  Full Article

BRIEF-Solocal Group Completes Sale Of A Vendre A Louer To Leboncoin Group

* SOLOCAL GROUP ANNOUNCES THE SUCCESSFUL SALE OF ITS ONLINE REAL ESTATE CLASSIFIEDS BUSINESS, AVENDREALOUER.FR, TO LEBONCOIN GROUP Source text for Eikon: Further company coverage: (Gdynia Newsroom)