(Boursier.com) — Xilam Animation launches a capital increase in cash with maintenance of shareholders’ preferential subscription rights (DPS) in the amount of 3,683,621.25 million euros, through the issue of 982,299 New Shares at a unit price of 3.75 euros , without premium or discount compared to the closing price of December 12, 2023 (3.75 euros) and presenting a discount of 12.83% compared to the weighted average of the volumes of the 20 trading sessions preceding the fixing of the price of the issuance by the General Director (4,302 euros), with a parity of 1 New Share for 5 Existing Shares.
After the repayment of a EuroPP of 15 ME in July 2023, the company’s debt is currently mainly self-liquidating and therefore backed by ongoing production. The funds raised as part of this capital increase are intended to enable the company to optimize its financial structure by rebalancing its balance sheet and, thus, to improve its debt ratio in a context of increasing cost of debt and more demanding granting conditions.
Marc du Pontavice, direct and indirect shareholder through MDP Audiovisuel (421.603.473 RCS Créteil) and Xilam Group (539.985.788 RCS Créteil) expressed his intention to guarantee the Capital Increase up to 75% of its envisaged amount, in the event that the other shareholders of the company do not subscribe to the Capital Increase.
Before the operation, Xilam’s share capital is made up of 4,911,500 shares, fully subscribed and paid up, with a par value of 0.10 euros each.
The operation will involve the issue of 982,299 New Shares at a unit price of 3.75 euros, at the rate of 1 New Share for 5 existing shares owned (5 preferential subscription rights will allow you to subscribe to 1 New Share), i.e. a product gross issue of 3,683,621.25 ME.
The subscription will take place from December 21, 2023 to January 9, 2024 inclusive, on the Euronext Compartment B market in Paris. The listing of preferential subscription rights will take place from December 19, 2023 to January 5, 2024 inclusive.
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