Clariane drops following dilution effect on second capital increase

Clariane SE

26/06/2024 16:31

** Shares in French care homes operator Clariane  CLARI.PA 
drop 14% after a share dilution effect following the
implementation of its second recapitalisation
    ** "This dilution effect should be the main driver for the
recent share price drop", said AlphaValue analyst Yi Zhong
    ** The group launched earlier this month a second capital
increase of 237 million euros ($253.09 million) with a
subscription price reflecting a 65% discount on the closing
price as of June 11th
    ** The company will communicate the updated shareholding
structure at the completion of the recap
    ** Share on track for worst day since early February, if
losses hold


($1 = 0.9364 euros)

 (Reporting by Dimitri Rhodes)
 ((Dimitri.Rhodes@thomsonreuters.com))