An announcement from XXL ASA ( (GB:0R3P) ) is now available.
XXL ASA has announced the approval of a prospectus by the Financial Supervisory Authority of Norway for a fully underwritten rights issue of 60,000,000 new shares, priced at NOK 10 per share. This move, aimed at raising capital, will involve the listing of these shares on the Oslo Stock Exchange, with the subscription period running from 28 February to 14 March 2025. The rights issue is expected to strengthen XXL’s financial position and support its market operations in the competitive sports retail industry.
More about XXL ASA
XXL ASA is a leading sports retailer operating in Norway, Sweden, and Finland, known for being the largest among major sports retailers in the Nordics. The company offers a wide range of products for sports, hunting, skiing, biking, and other outdoor activities, focusing on providing a one-stop-shop experience with competitive prices and a broad assortment of branded goods.
YTD Price Performance: 40.88%
Average Trading Volume: 3,174
Technical Sentiment Consensus Rating: Buy
Current Market Cap: NOK947.9M
Learn more about 0R3P stock on TipRanks’ Stock Analysis page.