ZINKIA to expand its social capital by more than 4 million euros

On June 13, Zinkia will propose at its Extraordinary General Shareholders’ meeting an increase in the company’s capital stock of more than 4 million euros through monetary contributions and share premiums.

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On June 13, Zinkia will propose at its Extraordinary General Shareholders’ meeting an increase in the company’s capital stock of more than 4 million euros through monetary contributions and share premiums.

The objective is to invest in new productions, both in the Pocoyo franchise and new content; to ensure payment of recurring expenses and compliance with the agreed payment plan as a condition of the company’s departure from pre-bankruptcy protection.

The primary Zinkia shareholders, Miguel Valladares and Alberto Delgado, will guarantee the complete subscription of the expansion, covering the shares corresponding to those shareholders who do not wish to participate in the capital increase. The proposal reflects the interest of the primary shareholders to endorse the viability and future solvency of the company.

The capital increase will consist of new monetary contributions, for a maximum amount of nine hundred and sixty-five thousand, one hundred and sixty euros and fifty cents (€ 965,160.50), through the issue and circulation of a maximum of nine million, six hundred and fifty-one thousand, six hundred and five (9,651,605) new ordinary shares of € 0.10 value each, with a share premium of € 0.32 per share, of the same class and series as those currently in circulation, with respect to preemptive rights. Thus, the total amount of the increase will be 4.053.674 million euros.