on ODIOT S.A. (EPA:MLODT)
ODIOT S.A. Completes €2.1 Million Capital Increase
ODIOT S.A. has announced the successful completion of its capital increase, raising €2,106,000 from new qualified private investors. This move is part of the company's strategy to bolster growth and indicates strong investor confidence.
These new funds will support ODIOT's objectives, including modernizing production facilities, enhancing commercial efforts, and expanding internationally. The transaction featured the issuance of 52,650 new shares at €40 per share, bringing the total share capital to €275,322.
Gilles-Emmanuel Trutat, Chairman and CEO, expressed gratitude towards shareholders, marking a positive turn after recent financial restructuring. The newly raised capital aims to sustain ODIOT's historical reputation and future advancements.
R. E.
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