(CercleFinance.com) – Egide announced on Wednesday that it had secured financing for the continuation of the recovery plan for its American subsidiaries, which caused its stock to jump on the Paris Stock Exchange.
The specialist in the manufacture of hermetic enclosures for sensitive electronic components announced this morning the launch of a new capital increase amounting to approximately 1.9 million euros.
The group specifies that it has obtained subscription commitments from several of its shareholders, representing 100% of the capital increase, which allows it to guarantee the completion of the operation.
This concerns, in detail, the venture capital company Pléiade Venture, its first shareholder, Hervé Arditty, the founder of the company iXblue, a client of Egide, and the chairman of the board of directors Michel Faure.
In its press release, Egide said it plans to issue 2.96 million new shares at a unit price of 0.65 euros, a premium of 4.8% compared to last night’s closing price.
These funds should make it possible to repay a bond maturing in December 2023, but above all to continue the recovery of its two American subsidiaries.
Egide shares rose more than 6% at the start of the morning on Euronext Paris, outperforming a Parisian market up 0.4% at the same time, which allows it to increase its gains to almost 12% this year.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
