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MELE - Melexis NV News Story

€92.1 1.2  1.3%

Last Trade - 9:56am

Sector
Technology
Size
Large Cap
Market Cap £3.16bn
Enterprise Value £3.17bn
Revenue £440.5m
Position in Universe 144th / 847

BUZZ-Melexis: Drops after majority shareholder reduces stake

Wed 3rd March, 2021 8:21am
** Shares in Belgian chipmaker Melexis  MLXS.BR  drop over
11% after holding company Xtrion, its majority shareholder,
completes private placement of shares  urn:newsml:reuters.com:*:nASN000WPX
    ** Via the placement of 1.79 mln shares in Melexis, 4.43% of
its share capital, Xtrion cuts its stake in the company by 3.6
percentage points to 50.0%
    ** The shares have been placed at EUR 88.50 per share, i.e.
9% below Tuesday's closing price of EUR 97.30
    ** The purpose of the placement was to increase Melexis'
free float and help the company improve its chances to be
included in Belgium's benchmark index Bel20  .BFX , KBC says
    ** The reshuffling, which will take effect on March 19
 urn:newsml:reuters.com:*:nL8N2KS2UO, could see ING  INGA.AS  no longer meeting index
criteria and being replaced by Melexis, KBC adds 
    ** Melexis shares are on track for their worst day in almost
a year    
    

 ((piotr.lipinski@tr.com))
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