12/15/2023 Retail

FREY announces the success of its rights issue for an amount of approximately €97.1 million

Settlement and delivery and admission of the new shares to trading on Euronext Paris: December 19, 2023 

FREY (Euronext Paris: FREY – ISIN FR0010588079) (the “Company”) announces today the success of its share capital increase with shareholders’ preferential subscription rights (the “Rights”) in a gross amount of approximately €97.1 million, including issue premium (the “Share Capital Increase”).

Antoine Frey, Chief Executive Officer, stated: “The success of this new fundraising confirms the confidence of its historic shareholders and new entrants. FREY has always been able to count on their support since its listing. The diversity of its shareholders, both entrepreneurial and institutional, remains a guarantee of dynamism and solidity for the Group. This fundraising will help finance our growth ambition with the aim of becoming the European leader in sustainable commerce. This strategy has permitted to create a real estate company with a unique assets’ portfolio and the recent acquisition of Polygone Riviera is the perfect illustration of this. FREY has secured resources to support this growth and seize market opportunities in Europe.”


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