Geox board approves share capital increase
According to the press release, the share capital increase, which the majority shareholder has already pledged to, was approved by the shareholders' meeting as a first instalment, liable to be divided up, for a total amount of up to €30 million, including any share premium, generated via 'the issue of ordinary shares with no par value, associated free of charge with warrants bearing regular dividend rights and the same characteristics as the ordinary shares outstanding on the date of issue, to be offered for subscription to shareholders.'
In the press release, Geox added that 'a second tranche, which may be divided and issued in stages, for a total amount of up to €30 million, including any share premium,' will be generated 'through the issue, on one or more occasions, of ordinary shares with no par value, with regular dividend rights and the same characteristics as the ordinary shares outstanding on the date of issue, to be subscribed for by the deadline of October 31 2026.'
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