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XXL ASA ( (GB:0R3P) ) has shared an update.
XXL ASA announced the completion of a fully underwritten rights issue, raising NOK 600 million through the issuance of new shares. Frasers Group plc was allocated a significant portion of these shares, resulting in ownership of approximately 32.9% of XXL ASA’s total shares and 40.8% of the voting A-shares. This acquisition triggers a mandatory offer for the remaining shares under Norwegian law, indicating Frasers Group’s intent to consolidate its stake in the company.
More about XXL ASA
YTD Price Performance: 29.18%
Average Trading Volume: 2,461
Technical Sentiment Consensus Rating: Buy
Current Market Cap: NOK858.2M
See more data about 0R3P stock on TipRanks’ Stock Analysis page.
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