(AOF) – Cybergun, a global leisure shooting company, announces that it has successfully completed an issue of bonds redeemable in shares (“ORA”) accompanied by share subscription warrants (“BSA”) with maintenance of the preferential right of subscription (“PSR”) of the shareholders (the “Offer”). This success is the result of the support of shareholders, illustrated by the exercise of preferential subscription rights, and of new investors. Total demand amounted to 6,600 ORA-BSAs, including 2,371 ORA-BSAs subscribed on an irreducible basis by exercising 16,051,670 preferential subscription rights; and 4,229 ORA-BSA subscribed on a reducible basis.
In total, the operation gives rise to the issue of 6,600 ORAs with a nominal value of 1,000 euros each and a maturity of 2 years to which 2,083 BSAs will be attached per ORA.
Each BSA will give the right to subscribe to one Cybergun share for a period of two years from the first anniversary of their issue at an exercise price set at 0.36 euro. The exercise parity of the BSAs will be adjusted quarterly at the end of a period of twelve months following their issue to take into account the evolution of the Cybergun share price and thus maintain their attractiveness for subscribers to the issue of ORA-BSA.
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Concerns remain
According to the Federation of Specialized Trade, Procos, in October 2022, activity fell by 1.5% over one year. Nevertheless, the beauty and health (+ 5.2%) and specialized food (+ 3.5%) activity is dynamic compared to October 2021. The frequentation of the points of sale was very impacted by the problems of fuel and bad weather. Compared to October 2019, the pre-covid year, the drop in attendance is very sharp (-20.9% in October). Shopping centers and the outskirts are more impacted than city centers with a difference of four to five points.
Several reasons for concern exist for the future. The players are experiencing a very significant scissor effect given the increase in their operating costs while the evolution of demand is very uncertain. Very few brands can pass on the increase in their costs to their selling prices. The federation therefore asks, among other things, to limit the indexation of the Commercial Rent Index to + 3.5% for the rents of all companies in 2023. It also invokes an absolute urgency: to cap the price of energy for 2023 and retroact on the contracts already signed to prevent the rate of failures from accelerating.