par RECTICEL (EBR:RECT)
Capital increase through exercise of subscription rights
PRESS RELEASE
Regulated information – Inside information
Brussels, 28 June 2024 – 18:00 CET
Disclosure in accordance with the provisions of the Act of 2 May 2007
Capital increase through exercise of subscription rights
Recticel announces that on 28 June 2024 its share capital has been increased following the exercise of 15,000 subscription rights of the warrant plan issued on 29 April 2016, 85,000 subscription rights of the warrant plan issued on 30 June 2017, 7,500 subscription rights of the warrant plan issued on 28 June 2019 and 15,000 subscription rights of the warrant plan issued on 29 June 2020. This resulted in the issuance of 122,500 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 2 July 2024.
This results in the following overview:
| Before | Current |
Total subscribed capital (in EUR) | 140,939,800 | 141,246,050 |
Total number of shares in issue (with voting rights) | 56,375,920 | 56,498,420 |
Total number of outstanding subscription rights | 2,380,000 | 2,257,500 |
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Press release – Capital increase – 28 June 2024 – 18:00 CET Page 1 of 2
About Recticel Group
Recticel Group is a Belgian insulation company with a strong presence in Europe and the USA. It offers smart insulation solutions that advance a carbon-free economy and a better quality of life.
Recticel Group delivers upon a portfolio of Insulation Boards, Insulated Panels and Acoustic Solutions.
Recticel Insulation designs polyurethane thermal and thermo-acoustic boards for optimal building comfort and energy efficiency. This includes vacuum insulation panels (VIP) by Turvac.
Trimo enables the highest aesthetic standards and extends architectural capabilities with its mineral wool insulated panels and modular space solution, primarily in non-residential applications. With the recent acquisition of REX Panels & Profiles, the portfolio now includes PIR insulated panels.
Soundcoat provides acoustic solutions used in some of the world’s leading technological innovations.
At the end of 2023, Recticel employed 1,255 people and had achieved sales of EUR 529.4 million. Its operations are spread over seven countries.
The Science Based Targets initiative (SBTi) approved Recticel’s near-term targets for the reduction of scope 1, 2 & 3 greenhouse gas emissions by 2030 (from base year 2021) and net-zero targets for 2050.
Recticel is listed on Euronext in Brussels (Euronext: RECT - Reuters: RECT.BR - Bloomberg: RECT:BB).
Financial calendar
First half year results 2024 | 30.08.2024 (07:00 CET) |
Third quarter trading update 2024 | 31.10.2024 (07:00 CET) |
Media & Investor Relations | Investor Relations |
Jan Vergote | Dirk Verbruggen |
Chief Executive Officer | Chief Financial & Legal Officer |
vergote.jan@recticel.com | verbruggen.dirk@recticel.com |
+32 2 775 18 01 | +32 2 775 18 91 |
Recticel NV/SA
Bourgetlaan 42 avenue du Bourget
1130 Brussels
Belgium
This press release is available in English and Dutch on www.recticel.com.
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