MADRID, 25 May. (EUROPA PRESS) -
The Vivendi Group has increased its stake in the share capital of the Prisa Group from 9.5% to 11.79%, after obtaining authorization from the Council of Ministers at the beginning of the month to increase its stake in the company's share capital, through the conversion of all of the convertible subordinated debentures of the firm that Vivendi owns.
According to the records of the National Securities Market Commission (CNMV), collected by Europa Press, Vivendi has converted 48,503 bonds into 48.5 million group shares. This package would be valued at 18.8 million euros at market price, given that Prisa shares were trading at around 0.388 euros. Following this operation, Vivendi reaches a total of 118.9 million Prisa shares, valued at around 45 million euros.
The Council of Ministers authorized Vivendi at the beginning of May to increase its participation in the capital stock of Prisa, by converting all of the convertible subordinated debentures of the media group that Vivendi owns.
These debentures were subscribed by Vivendi within the framework of the public offer for subscription of subordinated debentures mandatorily convertible into common shares of the company issued by Prisa in February 2023.