XXL ASA ( (GB:0R3P) ) just unveiled an update.
XXL ASA has announced a fully underwritten rights issue of 60 million new shares, each priced at NOK 10, as approved by an extraordinary general meeting. The subscription period for these shares is from February 28 to March 14, 2025, with subscription rights tradable on the Oslo Stock Exchange. The rights issue aims to raise NOK 600 million, with existing shareholders receiving tradable subscription rights, while underwriters will cover any unsubscribed shares. This move is expected to impact existing shareholders through potential dilution if subscription rights are not exercised.
More about XXL ASA
XXL ASA is a leading sports retailer operating in Norway, Sweden, and Finland, recognized as 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 the largest stores, best prices, and widest assortment of branded goods.
YTD Price Performance: 40.88%
Average Trading Volume: 3,174
Technical Sentiment Consensus Rating: Buy
Current Market Cap: NOK947.9M
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