Lamor Gets Shareholder Nod for Directed Share Issue of About €5M
TradingView reports Lamor shareholders authorized a directed share issue of up to 10 million shares, with about €5M expected at €0.65 per share.
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what happened
Lamor Corporation Plc shareholders have authorized the board to decide on a directed share issue, TradingView reports. The expected subscription price is €0.65 per share, a discount of roughly 10 percent.
Gross proceeds are estimated at about €5 million, which would translate into roughly 7.7 million new shares. The authorization caps the issue at 10 million shares, a ceiling rather than the planned amount, and the board has not yet set final terms.
why it matters
Lamor first signaled this plan in October 2026, and the capital raise has not been completed. The next catalyst is the board's decision on pricing and other conditions. For existing holders, a discounted placement adds new shares and can dilute their stake, so the final terms will matter for the stock.
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sources
- Lamor Corporation Plc (LAMOR) Gets Approval for Proposed €5M Share Issue — TradingView, 13 November 2026 at 08:30 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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