(Alliance News) - Doxee Spa announced Tuesday that its board of directors has approved a capital increase with options of up to EUR5.9 million.

The price per share is EUR2.05 and, therefore, the maximum shares to be issued will be 2.9 million.

The new shares will be offered as options to shareholders in the ratio of one newly issued share for every three option rights.

"With this capital increase transaction, the company intends to raise, in a rapid and flexible manner, the necessary resources to meet the financial needs and strengthen the company's capital as well as to develop the planned growth strategies and support the expansion in its target markets," the company explained.

Doxee's stock closed Tuesday down 1.8 percent at EUR2.16 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.