SES-IMAGOTAG: SES-imagotag: Increase in Free Float
BOE Smart Retail HK, the holding company controlled by BOE and the majority shareholder of SES-imagotag, has sold 1.3 million SES-imagotag SA ordinary shares on April 8, 2021. Following the sale, BOE Smart Retail HK now holds 60.2% of the total capital of SES-imagotag.
The transaction was carried out under an accelerated book building procedure with institutional investors at a price of €44 per share.
The sole purpose of the transaction was to increase the available liquidity in SES-imagotag shares and open up its capital to new investors. As a result, the SES-imagotag free float has gone up by 34%, from 24% to 32%.