Gentlemen Equity : S.A. Announces Implementation of Capital Increase and Reverse Split

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[{"type":"text","content":"\n \n Gentlemen's Equity S.A. Announces Implementation of\n Capital Increase and Reverse Split\n \n \n Lisbon/Paris/Zurich published 06.05.2025\n \n \n Lisbon/Paris/Zurich - The listed investment holding company Gentlemen's Equity S.A. (ISIN: PTGVE1AE0009) announces that the Annual General Meeting held on November 15, 2024, approved the Board of Directors' proposals regarding the capital increase and reverse stock split. Upon official registration of these resolutions in the Portuguese commercial register, the company will first implement the reverse split and subsequently execute the approved capital increase.\n \n \n As part of the reverse split, the nominal value of the shares will be increased from currently EUR 0.05 to EUR 1.00. Accordingly, the total number of outstanding shares will be reduced at a ratio of 20:1, without changing the overall capital value. The exact technical implementation date will be announced following registration.\n \n \n Subsequently, Gentlemen's Equity S.A. plans to increase the company's share capital from EUR 3,770,234.00 to up to EUR 4,770,234.00 through the issuance of up to 1,000,000 new registered shares with a nominal value of EUR 1.00 each, at an issue price of EUR 2.00 per share. The capital measure may be executed through cash contributions or, if approved, contributions in kind. Existing shareholders will be granted statutory subscription rights in proportion to their current holdings.\n \n \n This capital measure aims to strengthen the company's liquidity, expand current holdings, and implement new, high-growth projects. Shareholders and interested investors are invited to participate in the capital increase and contribute to the continued sustainable growth of the company.\n certidao-permanente-gentlemens-equity-sa-05052025.pdf","length":2507,"tagName":"div"}]

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