United Group is owned by BC Partners and is a leader in the telecommunications and media industries in South East Europe. Through an agreement signed on May 28 with the creditor banks, National Bank, Alpha Bank, Piraeus Bank and Attica Bank, it acquired all the receivables of the Forthnet Group, in addittion to shareholding rights.
Intrum Hellas entered into an agreement with United Group on the management of the loan liabilities of the Forthnet Group, expanding its activity in the Greek market by managing receivables on behalf of banking institutions, companies and investment funds, in accordance with its development strategy.
Forthnet: United is officially a shareholder
Forthnet announced the following in relation to its convertible bond issue, with a total nominal value of € 70,124,679.90 and issue date October 11 2016, under which a total of 233,748,933 common nominal convertible bonds were issued, nominal € 0.30 each, but as a result of intermediate conversions, based on the relevant announcements made by the Issuer, the remaining convertible bonds now amount to 171,246,551 with a nominal value of € 0.30 each, which have been admitted to trading in the Category Trading of Fixed Income Securities of the Athens Stock Exchange.
1. According to the information sent to the Issuer by the bondholder Newco United Group Hellas SARL, during the current (17th) conversion period, which expires on 09.30.2020, it legally submitted on 09.09.2020 an irrevocable conversion request of 85,766,667 Convertibles Bonds in shares of the Issuer.
2. As a consequence of the exercise of the conversion right 85,766,667 Convertible Bonds by the above bondholder, the share capital of the Company increases by € 25,730,000.10 with the issue of 85,766,667 new common registered shares, with a nominal value of € 0.30 each.
3. The Board of Directors of the Company, with a relevant decision will determine the above increase of the Company's share capital and will take any necessary action for the Listing of New Shares to be traded in the Market Surveillance Category. ATHEX Securities and delivery to their beneficiary in accordance with the provisions of the ATHEX Regulation and the relevant executive decisions. The Company will duly inform about the decision of the Board of Directors on the determination of the increase of its share capital and on the approval of the listing and the commencement of trading of the New Shares with its latest announcements.
4. Upon completion of the above procedures, the share capital of the Company will amount to € 77,509,870.20 and will be divided into 258,366,234 common registered shares, with a nominal value of thirty cents each.
