French computer equipment distributor Metrologie Internationale SA will seek shareholders’ permission for a share issue to increase its capital base by the equivalent of $13.15m on October 30. The proposed issue forms part of the restructuring plan the company drew up in February, and the plan is to offer 4.38m new shares at 15 francs apiece. Metrologie, indirectly controlled by Cie Financiere de Paribas, will also propose the issue of 1m equity warrants to some banks at 60 francs each, paid either in cash or loan write-offs. The bonds would be redeemed in five years on a one-for-one basis for a payment of 19.20 francs. Metrologie estimated in July that its first-half net loss was $12m.
