on WEYA (EPA:MLWEY)
WEYA Strategic Financial Operations
On September 6, 2024, WEYA's Extraordinary General Meeting approved, by a large majority, a major restructuring. This operation includes a capital reduction followed by an increase, with maintenance of preferential subscription rights (DPS) for existing shareholders.
The capital reduction, motivated by losses, brings the share capital from 304,419.85 euros to 6,212.65 euros. Then, a capital increase of 380,000 euros is planned, with the issue of 38,000,000 new shares to reconstitute the equity.
Subscriptions will be open from October 15 to 30, 2024. Each DPS allows the subscription to 61 new shares. The support of EO2, the majority shareholder, is a valuable asset in this approach which aims to relaunch the company's activity.
R. P.
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