Groupe Egide announced today the success of its capital increase with shareholders' preferential subscription rights launched on August 11, 2023.

At the end of the subscription period, total demand amounted to 1,294,566 shares on an irreducible basis, 1,971,437 shares on a reducible basis and 3,164,109 shares on an unrestricted basis, representing a subscription rate of around 217%.

Requests to subscribe for 1,661,682 new shares on a reducible basis were met, with a reduction coefficient of 2.91236150.

Gross proceeds from the capital increase amounted to E1,921,561.20, including issue premium, corresponding to the issue of 2,956,249 new shares at a subscription price of E0.65 per new share.

The funds raised will enable Egide to initiate the turnaround of its US subsidiaries, recruit a sales team to boost sales, and finance the increase in working capital requirements due to higher sales.


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