September 6, 2017 / 4:36 PM / 19 days ago

BRIEF-Liberbank proposes 500 mln euro share capital increase

Sept 6 (Reuters) - LIBERBANK SA:

* SAYS PROPOSES 817.0 MILLION EURO SHARE CAPITAL REDUCTION BY REDUCING SHARE NOMINAL VALUE TO 0.02 EURO FROM 0.9 EURO

* SAYS PROPOSES SHARE CAPITAL INCREASE OF 500 MILLION EUROS

* SAYS REACHES AGREEMENT WITH SHAREHOLDERS CONTROLLING 43.8 PERCENT OF SHARE CAPITAL TO TAKE PART IN SHARE CAPITAL INCREASE

* SAYS SHAREHOLDERS CONTROLLING 25 PERCENT OF SHARE CAPITAL INTEND TO EXECUTE SUBSCRIPTION RIGHTS, REACHING 68.8 PERCENT OF SHAREHOLDERS SUPPORT

* SAYS INTENDS TO SELL NON PERFORMING ASSETS WORTH ABOVE 800 MILLION EUROS IN H2 Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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