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First Capital Announces Final Conversion Period for Convertible Bonds and Potential Extraordinary Dividend

Story Highlights
  • First Capital opens the final conversion period for its convertible bond loan.
  • An extraordinary dividend is planned, contingent on bond conversions meeting a set threshold.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
First Capital Announces Final Conversion Period for Convertible Bonds and Potential Extraordinary Dividend

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First Capital S.p.A. ( (IT:FIC) ) just unveiled an announcement.

First Capital S.p.A. announced the final conversion period for its convertible bond loan ‘First Capital cv 2019-2026 3.75%’, allowing bondholders to convert their bonds into shares from October 16 to October 30, 2025. The company also plans to distribute an extraordinary dividend, contingent upon the conversion of bonds representing a nominal value of at least 5 million euros, which could impact shareholder returns and the company’s financial strategy.

The most recent analyst rating on (IT:FIC) stock is a Buy with a EUR30.40 price target. To see the full list of analyst forecasts on First Capital S.p.A. stock, see the IT:FIC Stock Forecast page.

More about First Capital S.p.A.

First Capital S.p.A. is a financial holding company specializing in Private Investments in Public Equity and Private Equity investments. The company focuses on small and medium-sized enterprises that are listed, in the pre-IPO phase, or interested in future listings. Their strategy involves identifying market leaders with proven management capabilities and sustainable development plans, and they actively manage their holdings by participating in the boards or control bodies of target companies.

Average Trading Volume: 1,379

Technical Sentiment Signal: Buy

Current Market Cap: €53.99M

Find detailed analytics on FIC stock on TipRanks’ Stock Analysis page.

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