An announcement from XXL ASA ( (GB:0R3P) ) is now available.
XXL ASA announced the successful completion of its rights issue, which was oversubscribed by 7.19%, resulting in the allocation of 60,000,000 new shares. This move is expected to strengthen the company’s financial position and enhance its market presence, with Frasers Group plc increasing its stake to approximately 40.83% of the voting shares, potentially impacting the company’s strategic direction.
More about XXL ASA
XXL ASA is a leading sports retailer operating in Norway, Sweden, and Finland. It is the largest sports retailer in the Nordics, offering a wide range of products for sports, hunting, skiing, biking, and other outdoor activities. The company focuses on providing a one-stop-shop experience with the largest stores, best prices, and a wide assortment of branded goods.
YTD Price Performance: 27.71%
Average Trading Volume: 2,427
Technical Sentiment Consensus Rating: Buy
Current Market Cap: NOK858.2M
For an in-depth examination of 0R3P stock, go to TipRanks’ Stock Analysis page.