The Austrian clothing provider Wolford AG initiated its capital increase decided last December. The reference period for the additional shares run from May 22nd to June 15th, the company belonging to the Chinese fashion group Lanvin Group declared an ad hoc announcement on Monday.
As part of the measure, Wolford wants to spend new shareholders up to 8,535,453 at a unit price of 4.80 euros to its existing shareholders: inside. The aim is to increase the share capital, which is currently around 46.3 million euros, to up to 87.3 million euros. The reference ratio was 9: 8, the company said. The possession of nine existing shares or corresponding subscription rights therefore entitles you to receive eight new regulars.
The capital increase was decided by the shareholders at the annual general meeting on December 17th. With this step, the company, which had to accept considerable loss of sales last year and slipped deeper into the loss zone, “intends to strengthen its financial position and to support the long -term strategic goals”. Among other things, Wolford wants to comply with the additional funds.