Claranova's share price has dropped by almost 5% following the company's announcement of a capital increase by way of a public offering, for an initial amount of 20 million euros, which may be increased to 23 million if the extension clause is exercised in full.

An irrevocable commitment to subscribe for 15 million has been made by Lafayette Investment Holdings by way of debt set-off. The subscription price has been set at 1.75 euros per new share, and the public offering will run from June 16 to 22 inclusive.

The Board of Directors has also approved the principle of separating the functions of Chairman of the Board and Chief Executive Officer. Pierre Cesarini will be replaced as Chairman, but will remain a member of the Board and Chief Executive Officer.

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