XXL ASA ( (GB:0R3P) ) has issued an update.
XXL ASA has announced the commencement of a rights issue, with subscription rights being exercised by primary insiders and their close associates. This move is part of the company’s strategy to strengthen its financial position, with significant transactions involving Altor Invest 5 AS and Altor Invest 6 AS, which are closely associated with a board member. The rights issue is structured to ensure compliance with voting regulations, maintaining shareholder balance and preventing any single entity from holding more than one-third of the voting power.
More about XXL ASA
XXL ASA is a leading sports retailer operating in Norway, Sweden, and Finland, recognized as the largest among major sports retailers in the Nordics. The company offers a wide range of products for sports, hunting, skiing, biking, and other outdoor activities, focusing on providing a one-stop-shop experience with the largest stores, best prices, and a broad assortment of branded goods.
YTD Price Performance: 27.67%
Average Trading Volume: 2,432
Technical Sentiment Consensus Rating: Buy
Current Market Cap: NOK859.1M
For detailed information about 0R3P stock, go to TipRanks’ Stock Analysis page.