(CercleFinance.com) – Adomos shares climbed more than 11% on Monday on the Paris Stock Exchange following the announcement of the suspension of its financing program by OCABSA for a period of 30 trading days.
In a press release, the specialist in the Internet distribution of rental investment property for individuals recalls that the contract concluded with Atlas Special Opportunities provided for the possible suspension of the exercise of the conversion of the OCABSA, in exchange for the payment a commission of a total amount of 85,000 euros.
Under these conditions, the company indicates that it has decided to suspend the conversion of the OCABSA from this morning until July 15, when the market closes.
Adomos thus says it wants to limit the influence on its share price of the dilution induced by the line of financing put in place with Atlas.
The idea is in particular to allow its shareholders to be able to assess during this period the evolution of the share price on the sole basis of operational and financial data or information specific to the activity.
The impact of financing by OCABSA is often very significant, involving very high levels of dilution. In addition, the fund that underwrites them quickly sells them on the market, which puts downward pressure on prices.
The Adomos share has thus lost 60% of its value since the start of the year.