Basler slides after selling block of shares
15/05/2023 07:48
** Shares in Basler BSLG.DE are down 3.5% in early
Frankfurt trade after the German industrial camera maker said it
had sold a block of its own shares
** The group said on Friday it sold 394,000 shares "over the
counter" at a price of 20.40 euros per share, excluding the
subscription rights of shareholders
** "That's 1.25% of its share capital. They still hold
4.04%," a local trader says
** The sale was carried out on Thursday at a discount to
Wednesday's closing price of 20.95 euros per share
** Basler says the proceeds would strengthen its equity base
and serve the announced interests of the company
** As of Friday's close, Basler's stock price was at 21.20
euros, down around 28% YTD
(Reporting by Anna Mackenzie)
((Anna.mackenzie@thomsonreuters.com))