The subscription rights issue for Exel Composites is coming to a close, with investors who still hold subscription rights having until June 7th, 2024, to subscribe for new shares. If these rights are not used, they will expire and hold no value. During the offering, investors were granted the opportunity to subscribe for new shares based on the number of Exel Composites shares they owned, with one subscription right allowing for the subscription of eight new shares at a price of EUR 0.23 per share.
Temporary new shares began trading on May 27th, with both old and new shares currently being quoted separately in the market, though they represent the same security in the long run. The price of the old share was down 4.9 percent at EUR 0.313, while the new share was down 0.7 percent at EUR 0.303, with the price difference narrowing but still around three percent. The trading of subscription rights took place from May 24th to June 3rd, and new shares could be subscribed for starting on May 24th.
On June 17th, the series of new and old shares will be combined, resulting in only one series of shares being traded moving forward. This marks an important milestone in the completion of the subscription rights issue for Exel Composites.
Investors who still hold subscription rights have until today to use them or lose them forever. During this final day of availability for these rights, it’s important that investors carefully consider their options before making any decisions about their investments.
Overall, this has been an exciting time for Exel Composites as they continue their growth and development as a company. With this successful completion of their subscription rights issue, they are well-positioned to continue their success in the future.
As investors prepare to make their final decisions about using or letting go of their subscription rights by June 7th
