ForthNet going forth with rights issue

28 Aug 2012

Greece’s largest alternative fixed broadband provider ForthNet has gained shareholder approval to hold a rights issue worth up to around EUR30 million (USD37.5 million), at an unspecified date. Following conversion to a new share structure, existing shareholders will be allowed to apply for a maximum of 15 new shares for every two shares held.

Greece, Nova (formerly Forthnet)