(Alliance News) - Yolo Group Thursday announced that it has set the terms and conditions of the paid, divisible capital increase to be offered under option to shareholders and convertible bondholders.

Thus, the board of directors resolved to issue a maximum of 4.5 million new ordinary shares in the ratio of 47 newly issued shares for every 100 option rights held, to be paid up in cash, at a unit subscription price of EUR1.797, for a total maximum amount of EUR8 million.

The company explained that the transaction is aimed at raising the financial resources needed to implement the business plan to 2026, which envisages three strategic directions: development of international presence, consolidation of the phygital distribution model, and increasing the supply portfolio, both for the Retail and SME segments.

Yolo Group is flat at EUR2.10 per share.

By Claudia Cavaliere, Alliance News reporter

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