The latest announcement is out from XXL ASA ( (GB:0R3P) ).
XXL ASA announced the completion of a fully underwritten rights issue, involving the issuance of 60,000,000 new shares at a subscription price of NOK 10 per share, following approval from its extraordinary general meeting and the Financial Supervisory Authority of Norway. This rights issue is expected to strengthen XXL’s financial position, potentially impacting its market operations and stakeholders positively by enhancing its capital structure.
More about XXL ASA
XXL ASA is a leading sports retailer in the Nordics, operating stores and e-commerce platforms in Norway, Sweden, and Finland. The company is known for its broad customer appeal, offering a wide range of products for sports, hunting, skiing, biking, and other outdoor activities. XXL aims to provide a one-stop-shop experience with the largest stores, best prices, and widest assortment of branded goods.
YTD Price Performance: 27.67%
Average Trading Volume: 2,432
Technical Sentiment Consensus Rating: Buy
Current Market Cap: NOK859.1M
Learn more about 0R3P stock on TipRanks’ Stock Analysis page.