26/11/2014 – Expansion
GEM Capital has committed to subscription and reimbursement to a €1.48 million capital hike forged by Quabit.
This is the tenth capital injection carried out by GEM (Global Emerging Markets). In the upcoming transaction, 19.48 million new shares of Quabit at a par value of 0.01 euros each and a premium of 0.0664 euros will be allocated on the market.
Last October 31st, Quabit ran an equity line agreed on in a contract signed with GEM in May 2013. In line with its terms and conditions, the company has got a right, but is not obliged, to demand from GEM one or several subscriptions to social capital hikes for a maximum amount of €90 million during a three-year period of time.
Original article: Expansión
Translation: AURA REE