Lucibel: fewer funds raised than expected

(CercleFinance.com) - Lucibel has raised ?1.
95 million in its capital increase, ?20 million less than the lighting technology specialist had hoped to raise.

A total of 4.5 million shares were requested at a price of ?0.43 each, representing just over 90% of the amount initially hoped for.

Lucibel had originally hoped to raise ?2.15 million.

Given the cash available at the end of 2023, the net proceeds of the operation will give the company a cash horizon of more than twelve months.

The funds are mainly intended to extend its debt reduction trajectory and accelerate expansion in its two strategic, high-margin markets, cosmetic lighting and scenography.

On the Paris Bourse, Lucibel shares were down 0.3% in the wake of these announcements.

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