on GECI INTERNATIONAL (EPA:ALGEC)
GECI International: success of the BSA1 exercise
GECI International, a company active in Digital and Technology, has successfully concluded the exercise of its stock subscription warrants "BSA1" issued in April 2024. Of the 517,500 BSA1 issued, 435,262 were exercised, or 84.11% of them, representing a capital increase of 1,445,069.84 euros, including 1,009,807.84 euros from the issue premium.
The new shares issued benefit from current enjoyment and are included in the same listing as the old ones. Despite the overall success, the unexercised BSA1s lost their validity after the deadline.
As of October 4, 2024, the company's shareholding structure shows Serge Bitboul, the founding chairman, owning 22.53% of the shares, with voting rights representing 23.69%.
R. H.
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