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An announcement from Inwit ( (IT:INW) ) is now available.
INWIT has updated its share capital structure following a shareholder resolution that led to the cancellation of 27,895,167 treasury shares without reducing the overall share capital of €600 million. As a result, the number of ordinary shares has decreased from 931,890,010 to 903,994,843, and the company has filed the updated bylaws with the Companies Register.
The amendment to Article 5 of the bylaws will take effect upon registration of the resolution, after which the updated bylaws will be made available in accordance with applicable regulations. This move simplifies INWIT’s capital structure by eliminating treasury shares, potentially improving capital efficiency and share metrics for existing investors.
The most recent analyst rating on (IT:INW) stock is a Hold with a EUR7.60 price target. To see the full list of analyst forecasts on Inwit stock, see the IT:INW Stock Forecast page.
More about Inwit
Infrastrutture Wireless Italiane (INWIT) is an Italian company operating in the telecommunications infrastructure sector, focused on managing and developing wireless tower assets. It provides passive infrastructure services to mobile network operators, supporting network coverage and capacity across Italy through a large portfolio of tower sites.
Average Trading Volume: 4,342,062
Technical Sentiment Signal: Sell
Current Market Cap: €6.18B
Learn more about INW stock on TipRanks’ Stock Analysis page.