The latest update is out from XXL ASA ( (GB:0R3P) ).
XXL ASA announced the final results of its rights issue, which involved increasing share capital to settle fees for underwriters and bridge loan guarantors. The rights issue saw participation from primary insiders and their close associates, with significant allocations of offer shares. This move is expected to impact the company’s financial structure and stakeholder interests, as it involves substantial transactions of both ordinary and non-voting shares.
More about XXL ASA
XXL ASA is a leading sports retailer operating in Norway, Sweden, and Finland. It is the largest among the major sports retailers 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 widest assortment of branded goods.
YTD Price Performance: 29.18%
Average Trading Volume: 2,461
Technical Sentiment Consensus Rating: Buy
Current Market Cap: NOK858.2M
Learn more about 0R3P stock on TipRanks’ Stock Analysis page.