Betbull reveales latest share
December 24, 2009, 9:46 am (7 years ago)
Betbull, which accomplished the full management over a joint Spanish venture with the Bwin group lately, has revealed that it is to effect a latest share matter so as to obtain a million Euros to build up the Betbull Bwin Espana retail betting business in Madrid.
Betbull commented in an announcement that it would be putting 800,000 regular shares of one Euro each at a putting price of Euro 1.25 so as to collect one million Euros previous to expenses.
“Certain existing shareholders such as members of the management team have consented to subscribe for shares pursuant to the placing,” a company spokesman announced this week.
At the beginning of this month, after share-based loan deliverance, Betbull Holding turned out to be the controlling proprietor of the Betbull Bwin Espana SA joint venture built in 2007. Bwin consented to the conversion of a Euro 2.5 million loan note into 1.25 million ordinary Betbull shares priced at one Euro each as part of the agreement.