Archive for July 20th, 2010
La Seda de Barcelona leads the stock%
by admin on Jul.20, 2010, under game
La Seda de Barcelona leads the stock market rises after revalued 31.19%.
Madrid, July 19 .- La Seda de Barcelona has now led the Spanish stock market rises to the 31.19% increase in value, after the company said creditor banks and a number of shareholders and investors committed to subscribe to 250 of 300 million euros in the expansion of capital.
Thus, at market close, shares La Seda de Barcelona has been closed to 0.143, kinah for sale, euros per share after investors had traded more than 20.6 million shares for 2.9 million euros.
So far this year, the shares of La Seda de Barcelona have lost 57.94 percent.
According to today explained the president of the Catalan company, Jose Luis Morlanes, the creditor banks and a number of shareholders and investors committed to subscribe to 250 of, tera gold, the 300 million euros in the capital of La Seda Barcelona, which already has covered 80% of the issuance of prrential subscription rights, which began trading today.
In particular, these rights were down 42.86 percent in stock.
Morlanes also pointed out that in this expansion, which began last Saturday, recognizes the right of first refusal,, sto credits, so they may acquire existing shareholders 67 new shares for every 14 old shares.
The prrential subscription period, to shareholders of the company, will end next July 31 and then will open an additional subscription period of two days, originally scheduled for 5 and 6 August.
If it had not been covered to that date, it would open a discretionary allowance within three days, ending on 11 August.
If is successful, the capital increase will contribute to reducing by half the debt of La Seda Barcelona, at the end of 2009 amounted to 940 million euros, a figure which stood at 464 million at the end of 2010, according to forecasts of the company.
For its part, Banesto Bolsa analysts have indicated that the expansion is not completed there will be a second round of their discretion to allot shares to begin on 6 August.
