(Boursier.com) — Concomitantly with the project of exceptional distribution in kind to the shareholders of Cabasse Group of 50.1% of the shares of the capital of the subsidiary Cabasse, and the request for listing of the shares of Cabasse on the Euronext Growth market d Euronext Paris announced on October 17, Cabasse Group announces a project to increase the capital of its subsidiary Cabasse, with cancellation of the preferential subscription right and by public offering for a target amount of approximately 1.5 ME, intended to finance its subsidiary’s growth plan in the global Luxury Wireless Home Audio market.
In a desire to retain its future shareholders, the company Cabasse also plans to carry out, at the end of this capital increase project, a free issue of stock warrants. Any Cabasse shareholder who has retained the Cabasse share continuously for 12 months from the date of settlement of the new shares relating to the upcoming capital increase will be given one free share subscription warrant (BSA ) for one Cabasse share held.
This capital increase could be supplemented by a convertible bond issue project by the Cabasse subsidiary, for an amount that may range from 1.5 ME to 3.0 ME, with one or more investment funds expressed their interest in subscribing to an issue of this type.
During the Combined General Meeting on November 21, shareholders will also be asked to vote on a change in the corporate name of Cabasse Group, which would be renamed Veom Group.
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