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General

SEC greenlights Oi capital increase

Wednesday 14 November 2018 | 16:41 CET | News
Brazilian operator Oi announced that the US Securities and Exchange Commission (SEC) declared the company's registration statement effective, approving the planned capital increase. It will take place through the private issue of 3,225,806,451 new common shares, nominative and without par value, at a price of BRL 1.24 per share. Any of the shares that remain unsubscribed following the exercise of preemptive rights by shareholders are expected to be subscribed for by investors and fund managers.

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Categories: General
Companies: Oi
Countries: Brazil
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