Metavisio gained over 12% on the Paris Bourse on Monday morning, after announcing the definitive halt of its convertible bond (OCA) issues.

In a press release, the IT manufacturer states that it will henceforth give priority to financing its growth via capital increases without a discount.

The Gestys investment fund will invest 380.000 euros on the basis of 0.80 euro per share, i.e. 475,000 shares, while the Sully fund has invested 220,000 euros on the basis of the same price, i.e. 275,000 shares.

The Global Tech Opportunities fund has undertaken to subscribe, for a period of two years, to Metavisio's request for capital increases in tranches of one million shares without discount, up to an overall limit of four million shares.

This new equity financing is intended to boost the notebook manufacturer's financial visibility and accelerate the development of its business.

In particular, the funds should help it to deliver on time all orders for the second half of 2024 (a period representing 85% of annual sales), which is set to be the largest in its 11-year history.

As a reminder, the group has set itself the target of exceeding sales of 100 million euros this year, and of achieving a 'record' year.

These announcements nevertheless come at a time when the share price has lost more than 5% over the last 12 months.

Copyright (c) 2024 CercleFinance.com. All rights reserved.