Axway: capital increase completed

(CercleFinance.com) - Axway announces the successful completion of its capital increase of around 131 million euros, which will be used to partially finance the acquisition of Sopra Banking Software's activities for 330 million euros, a transaction scheduled for completion on September 2.


This capital increase with preferential subscription rights will result in the issue of 8,112,597 new shares, equivalent to around 37.5% of the current share capital, at a unit subscription price of 16.10 euros.

At the end of the subscription period (July 26 to August 20 inclusive), total demand amounted to around 160.2 million euros. The issue, settlement and delivery of the new shares and their listing on Euronext Paris are scheduled for August 27.

Axway's share capital will now be made up of 29,746,194 shares, and Sopra Steria Group will hold 3,293,637 shares after the capital increase, representing 11.1% of Axway's capital and 16% of the theoretical voting rights.

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