Eutelsat has successfully completed a 670 million share capital increase through a rights issue, reinforcing its financial position and supporting the company's long-term strategic plans. The transaction forms part of a broader 1.5 billion equity-raising programme aimed at accelerating the deployment of its low Earth orbit LEO satellite activities and financing its future IRIS constellation.
Oversubscribed Rights IssueThe rights issue raised 669.8 million and will result in the issuance of 496,129,728 new shares at 1.35 each. Market demand for the new shares reached approximately 891.6 million, representing a subscription rate of around 133.
A total of 96 of the new shares were subscribed on an irreducible basis, while reducible orders represented 184.4 million shares, of which just over 20.1 million were allocated following pro-rata calculations.
