Gold by Gold Announces a €1.3 Million Capital Increase to Build Gold Reserves
Gold by Gold announced on Tuesday the establishment of a new division dedicated to the accumulation of physical gold reserves. The French group is launching a capital increase of €1.3 million for this purpose, with the net proceeds being used entirely for the purchase and storage of gold.
A Third Division for the Accumulation of Responsible Physical Gold
Gold by Gold is expanding its historical activities of Gold Trading and Refining with the creation of the Gold Reserves division, aimed at acquiring, preserving, and growing a reserve of responsible physical gold on the company's balance sheet. This new branch is part of a strategy for long-term heritage holding.
The gold reserves will consist exclusively of bars certified by refiners accredited on the Good Delivery List of the London Bullion Market Association (LBMA), stored in France by specialized professional custodians. For every gram of gold stored, Gold by Gold allocates a Fairmined Credit which pays a direct premium to certified artisanal mines, known for their responsible and fair extraction practices.
The cost of this credit represents about 1% of the value of the acquired gold. This approach links the creation of reserves to the human and environmental issues of extraction, applying the same standards of quality, traceability, and responsibility that have guided the group since its inception.
Details of the Capital Increase and PEA Eligibility
The capital increase involves the issuance of 336,807 new shares at a price of €3.80 per share, representing a discount of 15% compared to the closing price on May 8, 2026 (€4.46). The offering will take place from May 18 to June 5, 2026, with the maintenance of the preferential subscription rights (DPS).
The new Gold by Gold shares will be eligible for the Equity Savings Plans (PEA) and PEA SME-ETI, offering unprecedented access to physical gold through these tax-advantaged vehicles. Investors wishing to subscribe under a PEA or PEA SME-ETI must use the free subscription, as DPS can only be acquired via an ordinary securities account.
A video conference for shareholders and individual investors will be held on Tuesday, May 19, 2026, at 6:00 PM, during which Patrick Schein, Founder and CEO, will present the details of the operation and answer questions.
