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An update from Promotora de Informaciones ( (ES:PRS) ) is now available.
PRISA has announced several capital increases throughout 2024, resulting from the conversion of subordinated bonds into ordinary shares. These financial maneuvers, including the issuance of convertible bonds in 2023 and 2024, have led to a share capital of 108,638,019.30 euros by the end of 2024, represented by over a billion ordinary shares. This strategic move is likely aimed at strengthening the company’s financial position and providing flexibility for future growth, impacting its stakeholders by potentially enhancing shareholder value.
More about Promotora de Informaciones
Promotora de Informaciones, S.A. (PRISA) is a company operating in the media industry, primarily focused on publishing and broadcasting. It is headquartered in Madrid and is known for its significant presence in Spanish-speaking markets.
YTD Price Performance: 40.32%
Average Trading Volume: 1,018
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €493.5M
Learn more about PRS stock on TipRanks’ Stock Analysis page.