(Alliance News) - Compagnia dei Caraibi Spa announced that the board has proposed the issuance of a convertible bond reserved for several parties.

Vecchio Magazzino Doganale Srl, owner of, among others, the Jefferson, Roger, Bergamotto, and Fantastico brands, and by Spanish-registered Destillers United Group SL, owner of, among others, the Canaïma Gin and Saroche Cocuy brands, have committed to underwrite the POC, each in the amount of EUR1.5 million.

The convertible bond will be submitted for approval at the company's extraordinary shareholders' meeting, scheduled for June 28, for a total amount of EUR3.0 million.

Caribbean Company is up 1.9 percent to EUR1.10 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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