on GECI INTERNATIONAL (EPA:ALGEC)
GECI International: Results Encouraged by the Exercise of BSA1
On October 4, 2024, GECI International successfully closed the exercise of its BSA1 warrants. Out of a total of 517,500 BSA1 warrants issued, 435,262 were exercised, representing an exercise rate of 84.11%. This transaction results in the issuance of 435,262 new ordinary shares and a capital increase of €1,445,069.84, including an issue premium of €1,009,807.84.
These new shares are integrated in the same line as the old ones and contribute to strengthening the group's capital. The distribution of capital shows that Serge Bitboul holds 22.53% of the shares, and 77.26% are distributed among other holders. The unexercised BSA1 are now void. This success allows GECI to continue its development in digital and technology.
R. P.
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