Rights IssueAug 12, 2026, 04:39 PM
Titan America Capital Increased by $108.76; 10,876 New Shares Issued
AI Summary
Titan America SA announced the completion of a capital increase, raising its capital by USD 108.76 to a new total of USD 1,843,624,758.76. This increase resulted from the issuance of 10,876 new shares at USD 0.01 each, following the exercise of subscription rights. Additionally, the company's Annual General Meeting approved the renewal of six director mandates and the appointment of Ms. Evangelia Kostakis as a new independent director, all for one-year terms expiring at the 2027 annual general meeting.
Key Highlights
- Capital increased by USD 108.76 following exercise of subscription rights.
- Total capital now stands at USD 1,843,624,758.76.
- 10,876 new shares were issued at an exercise price of USD 0.01 each.
- Total shares outstanding increased to 184,373,341.
- Six directors had their mandates renewed for a one-year term.
- Ms. Evangelia Kostakis was appointed as a new independent director for one year.
- All renewed and newly appointed director terms expire at the 2027 AGM.
Price Impact
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