Wednesday, 29 April 2009

Jazztel share issue – Spain

Jazztel has disclosed its intention to issue shares to pay interest payments on a convertible bond issue it made in April 2005.

Jazztel, which uses the Orange Spain network, has decided to issue 50.3 million shares, equivalent to 3.3 percent of its total capital. The shares will be sold at EUR 0.28 per share.