Transformer manufacturer R&S was able to improve its financial position thanks to the tender of redeemable warrants.
By the end of September, 79 percent of the warrants listed on the Swiss stock exchange with the ticker "RSGW" had been converted into registered shares of the company. These conversions strengthened the Group's equity and liquidity by around CHF 60.8 million, the Basel-based company announced on Tuesday after the close of trading. The number of outstanding shares increased by 5.29 million to 35.95 million. This also increases the free float.
I filled my position for the time being today (finger twitched).
New 242 shares at an average of CHF 12.31