XXL ASA - Resolution to increase the share capital
12 Jul 2024 10:54 CEST
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Issuer
XXL ASA
Oslo, 12 July 2024: Reference is made to the stock exchange announcement made by
XXL ASA (the "Company") on 4 June 2024, regarding the annual general meeting
held on that day where it was announced that the general meeting resolved to,
inter alia, grant the board of directors an authorization to increase the share
capital to facilitate a reverse share split.
The board of directors has today resolved to increase the share capital with a
total of NOK 28.40, by the issuance of 29 new ordinary shares (class A-shares)
and 42 new non-voting shares (class B-shares), in total 71 new shares, each with
a nominal value of NOK 0.40. The new ordinary shares (class A-shares) will be
issued and registered in the CSD with ISIN NO 0010716863 and the new non-voting
shares (class B-shares) will be issued in and registered in the CSD with ISIN NO
0013014589.
Upon registration of the share capital increase, the Company's registered share
capital will be NOK 985,429,800, divided into 1,956,280,700 ordinary shares
(class A-shares) and 507,293,800 non-voting shares (class B-shares), each with a
nominal value of NOK 0.40.
For further queries, please contact:
Investor Relations:
Tolle O. R. Grøterud
Tel: +47 90 27 29 59
E-mail: ir@xxlasa.com
Press contact:
Jan Christian Thommesen
Tel: +47 918 21 387
E-mail: presse@xxl.no
About XXL:
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden
and Finland. It is the largest among the major sports retailers in the Nordics.
XXL pursues a broad customer appeal, offering a one stop shop experience with a
wide range of products for sports, hunting, skiing, biking and other outdoor
activities. XXL's concept is to have the largest stores with the best prices and
the widest assortment of products, focusing on branded goods.
This information is subject to the disclosure requirements pursuant to Section 5
-12 of the Norwegian Securities Trading Act.
More information:
Access the news on Oslo Bors NewsWeb site
Source
XXL ASA
Provider
Oslo Børs Newspoint
Company Name
XXL
ISIN
NO0010716863
Symbol
XXL
Market
Oslo Børs
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XXL ASA published this content on
12 July 2024 and is solely responsible for the information contained therein. Distributed by
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12 July 2024 08:57:01 UTC.
XXL ASA, formerly known as Megasport AS, is a Norway-based retailer of sports and leisure equipment. The Company sells its products both online and in more than 90 stores across the Nordic countries and Austria. Its product portfolio comprises a range of products for sports, hunting, skiing, biking and other outdoor activities, as well as sportswear, shoes, health & fitness and sports technology products. XXL ASAâs operations are divided into five geographical segments: Norway, Sweden, Finland, Denmark, Austria as well as the HQ & Logistics segment. The Company has several subsidiaries, including XXL Sport og Villmark AS, XXL Sports & Outdoor Gmbh, XXL Sports & Outdoor OY and XXL Sports & Outdoor OY.