Promotora de Informaciones S A : The regulator CNMV approves the prospectus for PRISA’s eur 563 million capital increase, which has been covered at a percentage of 100%
January 25, 2018 at 11:09 am
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The National Securities Market Commission (CNMV) has approved the prospectus for PRISA's capital increase and pre-emptive subscription rights, worth EUR 563 million. The prospectus sets out the terms and conditions of the increase and the procedure for subscription of the new shares.
The capital increase operation will be guaranteed via an Underwriting and Placement Agreement signed by PRISA with Banco Santander and Morgan Stanley, which have been designated by the Board of Directors of the Group as global coordinators and underwriters of the increase and rights issue.
The Underwriting and Placement agreement, along with the subscription commitments received from existing shareholders of PRISA, cover 100% of the increase and rights issue, subject to the terms described in the prospectus approved by the CNMV.
As indicated in the prospectus, the preferential subscription period is expected to open on January 27, 2018, once the required notice has been published in the Official Bulletin of the Commercial Registry (BORME ).
Grupo PRISA - Promotora de Informaciones SA published this content on 25 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 January 2018 16:09:04 UTC.
Original documenthttps://www.prisa.com/en/noticias/notas-de-prensa/the-regulator-cnmv-approves-the-prospectus-for-prisas-eur-563-million-capital-increase-which-has-been-covered-at-a-percentage-of-100
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Promotora de Informaciones SA (PRISA) is a Spain-based company primarily engaged in the consumer publishing sector. The Companyâs activities are divided into four business segments: Education, which focuses on the sale of educational books, as well as services and materials related to the education systems under Santillana brand name; Radio, which operates radio network stations, such as Cadena Ser, Kebuena and ADN Radio, as well as organizes and manages entertainment events; Press, which includes the release and distribution of newspapers, magazines, supplements, collectible products and other periodical publications, such as El Pais, Cinco Dias and El Huffington Post, and Audiovisual, which provides cable and satellite television services intended for the production of audiovisual content, as well as production and marketing of digital content for news, entertainment and education. PRISA operates in Spain, Portugal, Chile, Colombia, Brazil and Mexico, among others.
Promotora de Informaciones S A : The regulator CNMV approves the prospectus for PRISA’s eur 563 million capital increase, which has been covered at a percentage of 100%
PROMOTORA DE INFORMACIONES, S.A. 
