Shareholder sells Melexis shares to increase freefloat

semiconductor_575px_adobe_04Sep20
By Sam Kerr
03 Mar 2021

Xtrion, the majority shareholder of Belgian semi-conductor company Melexis, sold 1.4m shares in Melexis on Tuesday night. The sale was part of an overall 1.7m package sold to investors in order to increase the Belgian firm's freefloat in the hope that it will join the country's benchmark stock indices.

The sale came after a strong run for the stock as Xtrion and Melexis looked to bring more shareholders into the register and to increase its freefloat to aid its chances of joining Belgium's benchmark indices. 

In addition to the shares sold by Xtrion, Melexis itself also sold 346.141 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial