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Matica Fintec SpA ( (IT:MFT) ) has shared an update.
Matica Fintec SpA announced the conclusion of the withdrawal rights exercise period related to statutory changes that introduced increased voting rights. The withdrawal was completed for 546,050 shares, which is below the condition of two million euros, meaning the resolution’s condition was not met. The company will proceed with the liquidation process by offering the shares to existing shareholders who did not exercise their withdrawal rights. If shares remain after this process, Matica Fintec may sell them to third parties or repurchase them using available reserves.
More about Matica Fintec SpA
Matica Fintec SpA is an innovative SME listed on the Euronext Growth Milan market, specializing in the design, production, and marketing of advanced technological systems for issuing digital cards. Their products cater to financial institutions, such as credit cards and ATMs, and governmental bodies, including identity cards and passports. The company is committed to high-security standards and invests over 10% of its annual turnover in research and development, resulting in certification of nine patents.
YTD Price Performance: 3.48%
Average Trading Volume: 9,250
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €17.92M
Learn more about MFT stock on TipRanks’ Stock Analysis page.
