RES S.p.A. Announces Shareholders’ Meeting to Discuss Capital Increase and Expansion Plans

Recupero Etico Sostenibile S.p.A ( (IT:RES) ) has issued an update.

Recupero Etico Sostenibile S.p.A. has announced plans to convene both an Ordinary and Extraordinary Shareholders’ Meeting to discuss a potential increase in share capital and amendments to the by-laws. The proposed capital increase aims to support the company’s expansion into recycled raw materials and biodegradable polymers, as well as chemical recycling and packaging production. Additionally, the company plans to establish a reserve for future capital increases to fund a new production unit for decommissioned vehicles, which could enhance its market positioning and operational capabilities.

The most recent analyst rating on (IT:RES) stock is a Buy with a EUR11.50 price target. To see the full list of analyst forecasts on Recupero Etico Sostenibile S.p.A stock, see the IT:RES Stock Forecast page.

More about Recupero Etico Sostenibile S.p.A

RES S.p.A. operates in the Circular Economy and environmental sustainability sector, focusing on waste management processes including sorting, treatment, and recycling. Founded in 1989, the company is based in the province of Isernia and is listed on the Euronext Growth Milan market.

Average Trading Volume: 4,278

Technical Sentiment Signal: Hold

Learn more about RES stock on TipRanks’ Stock Analysis page.