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Sogecable initiates operation of extension by a 6% of its capital
The proprietor of Digital Satelite channel wants to secure 180 million Euros with which to amortize the credit that she obtained to pay for the integration of Via Digitalis

Sogecable begins this 24 of May an extension of capital for 15.120.522 Euros, 6% of the present capital, thanks to the emission of 7.5 million action, according to it consists in the pamphlet published and registered in the National Commission of the Stock market.

In the emission, in that the present shareholders of Sogecable have preference, the new actions will have a nominal value of 2 Euros each. The emission premium will be of 22.47 Euros by action, reason why the total premium will promote almost 170 million Euros.

By means of this Sogecable extension she tries to catch bottoms to amortize a participating loan of 179.4 million Euros, that granted to him in July of 2003 Telephone one of Contents, Prisa and Royal Bank of Scotland to pay for the integration of Via Digitalis.

The new actions of the emission, that was authorized by virtue of the decision of the general stockholders' meeting, celebrated 27 of April the past, will begin to quote in stock market day 8 of June.


(24-05-05)








 
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