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Fidia S.p.A. Announces Share Capital Adjustment Following Bond Conversion

Story Highlights
  • Fidia S.p.A. has adjusted its share capital to Euro 6,797,761.90 after converting bonds into shares.
  • This strategic financial move aims to strengthen Fidia’s market position on Euronext Milan.
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Fidia S.p.A. Announces Share Capital Adjustment Following Bond Conversion

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The latest update is out from Fidia Spa ( (IT:FDA) ).

Fidia S.p.A. announced a change in its share capital following the conversion of bonds into ordinary shares, resulting in a total share capital of Euro 6,797,761.90 divided into 10,690,848 shares. This adjustment reflects the company’s strategic financial maneuvers to enhance its market positioning on Euronext Milan, potentially impacting stakeholders and investors positively.

More about Fidia Spa

Fidia S.p.A., based in San Mauro Torinese, is a global leader in designing, producing, and marketing high-performance integrated milling systems, primarily for the automotive and aerospace sectors. With over 50 years of experience, the company offers comprehensive solutions for the entire milling process, including numerical controls, high-speed milling systems, and CAM software.

YTD Price Performance: -93.66%

Average Trading Volume: 529,330

Technical Sentiment Signal: Strong Sell

Current Market Cap: €2.19M

For detailed information about FDA stock, go to TipRanks’ Stock Analysis page.

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