{"id":129987,"date":"2024-01-22T12:44:43","date_gmt":"2024-01-22T11:44:43","guid":{"rendered":"https:\/\/luxus-plus.com\/s-t-dupont-launches-a-e25-million-capital-increase\/"},"modified":"2024-01-22T12:58:01","modified_gmt":"2024-01-22T11:58:01","slug":"s-t-dupont-launches-a-e25-million-capital-increase","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/s-t-dupont-launches-a-e25-million-capital-increase\/","title":{"rendered":"S.T. Dupont launches a \u20ac25 million capital increase "},"content":{"rendered":"

The French company specializing in the design of luxury accessories recently announced the launch of a capital increase of 25 million euros, while preserving preferential subscription rights. This initiative is aimed at restoring the company’s equity. A partial capital reduction is also planned, a key step in reducing the company’s indebtedness and financing its ambitious development plan.<\/h4>\n

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S.T. Dupont<\/strong> announced on Monday the launch of a capital increase, with preferential subscription rights, to raise 25 million euros<\/strong>. The operation can be paid up either in cash or by debt set-off.<\/p>\n

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The increase will entail the issue of a maximum of 419,423,640 new ordinary shares<\/strong>, each at a price of 0.06 euro<\/strong>. These shares will be fully paid up at the time of subscription, generating gross proceeds of 25,165,418.40 euros<\/strong>, including issue premium.<\/p>\n

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The subscription period will run from January 26, 2024 to February 8, 2024 inclusive.<\/strong><\/p>\n

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“This structuring operation will enable us to rebuild the Group’s shareholders’ equity and reduce our debt, while pursuing our development”,<\/em> said Alain Crevet<\/strong>, Chairman of the Management Board of S.T. Dupont. Dupont. “We wanted our current shareholders, who have supported us all these years, to be served first. Our objective is to complete the capital increase before March 31, 2024, so that the current financial year can include this operation”.<\/em><\/p>\n

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The capital increase will be open to the public in France only.<\/p>\n

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Partial capital reduction<\/h2>\n

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