SES Imagotag edges up as it rejects Gotham City's second report

Vusion SA

10/07/2023 08:58

** Shares in SES Imagotag  SESL.PA  rise 2.6% after the
French smart label firm said it unequivocally rejected the
second report from hedge fund Gotham City Research 
    ** The group says the second report was designed "solely to
enable the short-seller to profit from any potential decline in
SES-imagotag's share price"
    ** Portzamparc analysts say: "We consider that the content
of the accusations made in this second report remains in line
with the previous one, i.e. disproportionate and/or misleading"
    ** SES Imagotag's shares rose by more than 40% on Friday,
with analysts saying the second report failed to provide new
information on the group's finances

 (Reporting by Federica Mileo in Gdansk)
 ((Federica.mileo@thomsonreuters.com))