RocTool Transfers from NYSE Euronext to NYSE Alternext
RocTool, Le Bourget du Lac, France, specialists in the design and development of technologies for molding composites and plastics, announced the transfer from NYSE Euronext to NYSE Alternext with a capital increase of EUR 3.6 million.
Having already been listed on the NYSE Euronext Paris exchange since 2008, this transfer onto the exchange related market known as NYSE Alternext is also to enhance RocTool’s visibility to its latest investors but mainly to its clients, who are predominantly global actors and who are dominate in their respective markets. Furthermore, this transfer provides the means to the group to accelerate its growth, international expansion and reinforce its efforts in Research & Development to adapt its innovative technology to the molding of metal.
The Group undertook an increase of Capital through a private placement of EUR 3.6 million via a pool of several institutional investors.
Driven by three major world markets with great potential – Consumer Electronics, Consumer Products and Automotive – RocTool wants to accelerate its international development and invest in its existing subsidiaries and create new ones, notably in Germany and Japan. The group also intends to accelerate its growth by signing new Licensing Agreements. RocTool is the only company who has succeeded with its Licensing models to big brands and their manufacturers since beginning the marketing of the exclusive, innovative technology. This unique revenue model, generates royalties, also contributes to the sustainability and growth of the Group.
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