2023-10-09 17:49:39
The objective of the social network for wealthy travelers is to reduce the interest burden but also to improve the capital ratio of equity in order to consider options.
The social network for wealthy travelers plans to issue up to more than 2.7 million new shares. The objective is to reduce the interest charge but also to improve the equity capital ratio in order to consider options, such as possible acquisitions, according to the press release published Monday evening.
The main shareholder, Pellegrino Capital, has already indicated that it will participate in the capital increase and reiterated its long-term commitment to the Zurich company, according to the document. The holding company also says it is interested in unexercised subscription rights.
The new registered shares worth 1.00 francs will be offered to existing shareholders at a price of 1.50 francs per share, valuing the operation up to 4.11 million francs.
The capital increase will be carried out on or around October 27 and the first day of trading on SIX Swiss Exchange will be held on or around October 30.
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