STDupont: launches a 25 ME capital increase

(CercleFinance.com) - S.
T. Dupont today announced the launch of a capital increase with preferential subscription rights to raise ?25 million, to be paid up either in cash or by offsetting debt.

The operation will give rise to the issue of a maximum of 419,423,640 new ordinary shares at a price of ?0.06 per share, to be fully paid up on subscription, representing gross proceeds, including issue premium, of ?25,165,418.40.

The subscription period will be open from January 26, 2024 to February 8, 2024 inclusive.

In particular, the issue of the New Shares will restore shareholders' equity to at least half of the share capital, while enabling the Company to raise funds and continue to reduce the Group's debt.

Alain Crevet, Chairman of S.T. Dupont's Management Board. Dupont states: ' This structuring operation will enable us to reconstitute the Group's shareholders' equity and reduce our debt, while pursuing our development '.

' Our objective is to complete the capital increase before March 31, 2024, so that the current financial year can include this operation. '.

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