( AFP / LUDOVIC MARIN )
The French IT group Atos, in the midst of financial restructuring, announced Monday that it had completed its capital increase to the tune of 233 million euros, in a press release.
At the end of a subscription period which ended on November 27, the group raised just over 233 million euros, at a unit subscription price of 0.0037 euros per share.
Atos shareholders, who benefited from preferential subscription rights (DPS), subscribed to nearly 29% of the approximately 63 billion shares on offer, to the tune of 68 million euros, while creditors will contribute the 165 million remaining.
“The finalization of the capital increase with maintenance of the preferential subscription rights marks an important step in the completion of the financial restructuring process of Atos as provided for by its accelerated safeguard plan,” indicated the group.
Its implementation “will result in a massive issuance of new shares and substantial dilution of current Atos shareholders, which could have a very adverse impact on the share price,” Atos said in the press release. Its stock, which is worth less than one euro, lost 18% on Monday, standing at 0.73 euros.
The group, in disarray for several years, received a breath of fresh air at the end of October, with the validation by the commercial court of its accelerated safeguard plan.
This plan, voted on at the beginning of September by creditors and shareholders, provides for debt relief of 3 billion euros, out of a total of nearly 5 billion, a capital increase and a “massive” dilution of shareholders.
It is supposed to be implemented by January 2025 at the latest.
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