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Xylo Technologies Faces Shareholder Arrangement Proposal

Story Highlights
  • Xylo Technologies receives an amended request from Pure Capital for a shareholder meeting.
  • The proposal includes an increased share purchase price and commitments on employee shares and insurance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Xylo Technologies Faces Shareholder Arrangement Proposal

Xylo Technologies Ltd ( (XYLO) ) just unveiled an update.

Xylo Technologies Ltd. has announced that L.I.A Pure Capital Ltd., which holds 8.87% of Xylo’s share capital, has filed an amended request in the Tel Aviv District Court to convene a special general meeting for approving an arrangement under the Israeli Companies Law. The amendment proposes an increased purchase price for the remaining shares and includes commitments regarding employee share units and insurance. The company has until March 12, 2025, to respond to this request.

More about Xylo Technologies Ltd

YTD Price Performance: 7.86%

Average Trading Volume: 12,825

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.97M

For detailed information about XYLO stock, go to TipRanks’ Stock Analysis page.

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