Under the deal, bondcreditors will transfer their debentures to a bank acting as settlement agentand in return, after a capital reduction, receive the right to acquire a totalof 5.5 million newly-issued shares in the company.
Bondholders will receive110 new shares each per debenture, with a nominal value of €1,000.
“One hundred and ten new sharescorrespond to 2,750 shares before the capital reduction by a ratio of 25:1,” tobe approved at a shareholders’ meeting today, Centrosolar said in a statement.
Centrosolar
