Atos: 115.9 billion new shares to be issued

(CercleFinance.com) - Last night, Atos announced the results of its three capital increases reserved for creditors, designed to convert around E2.
9bn of existing debt into equity.

In all, some 115.9 billion new shares will be issued as part of the financial restructuring, with admission to trading scheduled for tomorrow, the technology group said in a press release.

Following completion of these operations, the company's share capital will now stand at E17.9m, made up of 179 billion shares with a par value of 0.0001 euro each.

Assuming full exercise of the warrants, which may be exercised over a 36-month period, the share capital would rise to E20.1m, comprising 201.4 billion shares with a par value of 0.0001 euro each.

All that remains now is to finalise the implementation of the new debt in order to turn the page on the financial restructuring and focus on the operational turnaround, analysts at Invest Securities said this morning.


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