(Alliance News) - On Wednesday evening, the board of directors of First Capital Spa approved the early redemption of the convertible bond denominated "First Capital cv 2019-2026 3.75%."

The early redemption date is set for November 11. To date, there are 8,977 remaining convertible bonds in circulation, with a total nominal value of EUR17.95 million.

The early redemption price will be equal to 100% of the nominal value of each bond of EUR 2,000 each, plus accrued interest up to the redemption date, equal to EUR 69.86 per bond.

The board has also provided for the possible distribution of an extraordinary dividend of EUR 1.75 per share to shareholders upon the occurrence of the so-called "Threshold Condition."

First Capital rose 1.1% to EUR19.30 per share.

By Maurizio Carta, Alliance News reporter

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