Fastator weighs converting preference shares into common stock in restructuring talks
Bitget2026/09/25 10:45- Fastator board is negotiating a voluntary conversion of preference shares into new common shares to simplify the capital structure.
- Draft terms set a 1-for-160 swap; preference holders would give up about SEK 667 million of economic value at full take-up.
- Full participation would leave preference holders with about 85% of shares; existing common holders diluted to about 15%.
- Plan includes a parallel rights issue for common shareholders of about SEK 75 million to offset dilution.
- Board aims to present a final proposal to a shareholder meeting before year-end.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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