MADRID, 24 Oct. (EUROPA PRESS) –
Nextil announced this Tuesday the resignation of Manuel Martos as director and CEO of the company, with effect from October 20, 2023, for personal and health reasons.
The company has also informed the National Securities Market Commission (CNMV) that its board of directors, meeting this Monday, has signed a participatory loan with its main shareholder, Businessgate, for an amount of 4 million euros.
In this sense, the company has stressed that its board of directors will continue to work with the management team in order to develop the company’s strategic and business plan and strengthen Nextil’s financial situation, counting on the support of Businessgate.
Nextil has also announced that it will put to a vote at its next general meeting of shareholders the approval of a plan to reduce corporate structure costs, “that will improve the company’s organizational efficiency and increase business margins.”
Likewise, it will put to a vote the novation of the terms and conditions of Nextil’s convertible obligations, the issuance of which was approved by the general meeting of shareholders in June 2019 and whose maturity period had been extended for an additional six months at the last general meeting. of shareholders on June 12, 2023.
The company has explained that the proposed novation, which has been agreed with 100% of the bondholders, would involve, among others, extending the maturity date of the obligations, which is currently set for the end of this year, until June 17 2026, all with the aim that the company can continue to undertake its corporate expansion needs without compromising its cash situation.
