150 million euro capital injection for PRISA

Deals see the conversion of 75 million warrants at a price of €2 per share.

PRISA has today formalized a capital injection which will see the conversion of 75 million warrants at a price of €2 per share for a cash total of 150 million euros. The conversion of the shares was exercised through OTNAS INVERSIONES S.L, made up of shareholders Rucandio, Berggruen  Acquisition and Martin Franklin.

The conversion of warrants, along with a number of other conditions met by PRISA, automatically triggers agreements on debt restructuring between PRISA, and its banks, signed on December 26.

PRISA capital is now € 92,286,115.80, comprised of: (a) 534,650,730 Class A ordinary shares and 388,210,428 Class B convertible non-voting shares.