Capital B Reinstates Its 300M€ ATM Program with TOBAM
Capital B announces the reinstatement of its ATM capital increase program with asset management firm TOBAM, following a temporary suspension in October 2025.
Reconstitution of the ATM Program
Capital B (ISIN code: FR0011053636, mnemonic code: ALCPB), listed on Euronext Growth Paris, reinstated its 'ATM' type capital increase program with TOBAM on January 27, 2026. Initially launched on June 9, 2025, the program has a maximum amount of 300 million euros (including issuance premium) and was temporarily suspended on October 20, 2025. The reinstatement is effective for a period of six months, automatically renewable, allowing TOBAM to proceed with subscription requests immediately.
Operational Details of the Program
The program operates under the 12th resolution of the extraordinary general meeting held on June 10, 2025. TOBAM may subscribe daily to ordinary shares of Capital B, upon request after market close. The subscription price corresponds to the higher of the previous day's closing price, a multiple of the adjustable mNAV set by the Company, or the floor price (average of the VWAP of the last 20 trading days minus 15%). The maximum volume of the request cannot exceed 21% of the trading volume of the previous day. The issued shares will be subject to a request for admission to trading on Euronext Growth in Paris. No prospectus subject to the approval of the Financial Markets Authority will be established. TOBAM may retain or sell the shares at its discretion, without any holding commitment. The Company may suspend the contract at any time with 5 business days' notice. Capital increases carried out will be communicated via press releases or regular publications.
