Swiss flavours and fragrances maker Givaudan today (25 June) announced that it has completed a CHF420m (US$383.6m) rights issue, which was 99.7% subscribed.
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Givaudan’s share capital has increased from CHF74.9m to CHF84.9m through the issuance of 999,624 new registered shares.
The subscription price was CHF420 per new share.
Trading in the new shares on SIX Swiss Exchange is expected to commence today.
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