Gold by Gold: Capital Increase Completed at €1.5M, Oversubscribed by 139%
Gold by Gold announced on Wednesday the successful completion of its capital increase, finalized at €1.5M with full exercise of the extension clause. This fundraising, entirely allocated to the establishment of a new Gold Reserves division, marks a structuring step for the French group, which extends its historical activities of trading and refining towards the accumulation of responsible physical gold for heritage purposes.
An Operation Oversubscribed by 139%
The capital increase, maintaining the preemptive rights of subscription, recorded a global demand of 469,775 shares at a price of €3.80, bringing the subscription rate to 139%. In response to this demand, the board of directors exercised the entirety of the extension clause, raising the total amount to €1,471,846. The irrevocable and reducible subscriptions were fully served, while the free orders were partially allocated, amounting to 264,583 shares.
Transition to Continuous Quotation Starting June
From the trading session of June 12, 2026, the date of settlement-delivery, the 387,328 new shares will be admitted for trading on Euronext Growth in Paris and fully assimilated with the existing shares. Concurrently, Gold by Gold announces that its shares will switch from a fixing quotation mode to a continuous quotation mode from 9 AM to 5:35 PM. This change aims to provide better liquidity for shareholders and to increase the attractiveness of the stock.
Gold Reserves Division as a New Strategic Branch
The Gold Reserves division constitutes a new complementary branch to the historical activities of trading and refining. Its mission is to accumulate responsible physical gold on a regular and structured basis, intended for long-term heritage holding. The net proceeds from the capital increase will be entirely used to acquire and maintain this physical gold, which will be held distinctly and segregated within the company. The evolution of the reserves will be subject to regular financial communication to the shareholders. Patrick Schein, founder and CEO, specifies that this operation opens an unprecedented access to gold via Gold by Gold shares for holders of PEA and PEA PME-ETI, tax schemes for which the shares are eligible.
