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The latest update is out from Tekna Holding AS ( (DE:8VB) ).
Tekna Holding ASA has initiated a fully underwritten rights issue to raise NOK 300 million by offering 100,000,000 new shares at a subscription price of NOK 3.00 per share. Key insiders and their associates, including CEO Claude Jean and EVP Materials Remy Pontone, have subscribed to a significant number of shares, indicating strong internal confidence in the company’s future prospects. The total subscription by insiders and associates has reached 1,087,156 offer shares, with Arendals Fossekompani ASA subscribing for a substantial portion of the shares. This move is expected to strengthen Tekna Holding’s financial position and potentially enhance its market standing.
More about Tekna Holding AS
Average Trading Volume: 38,851
Current Market Cap: NOK716.5M
For a thorough assessment of 8VB stock, go to TipRanks’ Stock Analysis page.