The former IAWS headquarters in Dublin which spun out Origin, One51 and Aryzta.
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Shareholders of Aryzta, formerly IAWS, could face dilution of the scale seen by the banks following the bailout 10 years ago. The proposals will be put to a shareholder vote at the AGM on 1 November.
The embattled baker is seeking to raise €800m through a rights issue to mainly reduce its €1.5bn debts. This plan is seen as critical to shoring up the global business which has roots going back to the co-op movement.
However, if passed, shareholders will see their stake diluted, their share of profits decrease and the value of their investment reduce further on top of the losses already witnessed. While shares have recovered to just over €9 in the past week, they are down 65% in the past 12 months.
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For shareholders to fully participate in this vote, shares must be registered in their own name. Shareholders are being asked to consult their stockbroker, solicitor, accountant or independent financial adviser as to what course of action should be taken.
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Shareholders of Aryzta, formerly IAWS, could face dilution of the scale seen by the banks following the bailout 10 years ago. The proposals will be put to a shareholder vote at the AGM on 1 November.
The embattled baker is seeking to raise €800m through a rights issue to mainly reduce its €1.5bn debts. This plan is seen as critical to shoring up the global business which has roots going back to the co-op movement.
However, if passed, shareholders will see their stake diluted, their share of profits decrease and the value of their investment reduce further on top of the losses already witnessed. While shares have recovered to just over €9 in the past week, they are down 65% in the past 12 months.
For shareholders to fully participate in this vote, shares must be registered in their own name. Shareholders are being asked to consult their stockbroker, solicitor, accountant or independent financial adviser as to what course of action should be taken.
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