(Finance) – The board of directors of WELL YESa company listed on Euronext Growth Milan and active in the renewable energy market, resolved to propose a capital increase to the next extraordinary shareholders’ meeting social, paid and in divisible form, for an amount total maximum of 3.5 million eurosincluding any surcharge. The increase would be implemented through the issue of ordinary shares, with no indication of the nominal value, to be offered as an option to all subjects who will prove to be holders of ordinary shares of ESI on the date of detachment of the option right.
The price of issue cannot be lower than the market average of ESI shares in the last six months, equal to 2.54 euro, with a maximum discount of 15%.
Through the capital increase, it is explained in a note, it will be possible collect additional financial resources functional to the implementation of the programmes business, to seize the opportunities that the reference market is offering.
“The investment dynamics of the sector in which the company’s clients operate – it is underlined – are undergoing a clear acceleration and it is more necessary than ever today enter the market with adequate financial capacity to support the implementation of larger and more complex projects in order to be more competitive and effective than the competition”.
(Photo: Photo by Zbynek Burival on Unsplash )