COIL STRENGTHENS ITS EQUITY WITH A €1.3 MILLION CAPITAL INCREASE SUBSCRIBED BY COMPANY EXECUTIVE AND MANAGEMENT
| PRESS RELEASE Brussels, October 3, 2025 (5:45pm) | World leader in aluminium anodising |
COIL STRENGTHENS ITS EQUITY WITH A €1.3 MILLION CAPITAL INCREASE SUBSCRIBED BY COMPANY EXECUTIVE AND MANAGEMENT
A decisive transaction to secure COIL’s future
A key step in the recovery plan
COIL (Euronext Growth Paris: ALCOI / ISIN: BE0160342011), world leader in aluminium anodising (the “Company”), today announces the completion of a reserved capital increase of €1.3 million, fully subscribed in cash by company executive and management.
Use of proceeds
In a context marked by a significant contraction in activity and continued pressure on cash flow1, this operation aims to:
- Strengthen the Company’s equity and support its recovery plan;
- Secure business continuity by providing greater visibility on cash flow horizon;
- Stabilize the shareholding structure around long-term reference investors committed to supporting the Company.
This capital increase complements the short-term cash preservation measures implemented in the first half of 2025 (inventory reduction, adjustment of investments and workforce). The proceeds from the fundraising will help cover current operating expenses and meet short-term financial commitments, at a time when available cash requires additional support.
Given COIL’s financial situation, private placement financing was the most appropriate and effective solution. The financial support from private investors and executives is also a signal of confidence in COIL’s future.
Legal framework and terms of the transaction
The completion of this reserved capital increase was recorded by the Company’s Board of Directors at its meeting held on October 3, 2025. It was carried out under the authorized capital granted to the Board of Directors by the extraordinary general meeting of shareholders held on January 9, 2024, for a period of five years from the publication of the minutes of the extraordinary general meeting in the annexes of the Belgian Official Gazette, i.e. from February 19, 2024.
The Private Placement was carried out exclusively with qualified investors, with shareholders’ preferential subscription rights having been waived in the Company’s best interest and in accordance with article 7:191 of the Belgian Code of Companies and Associations.
The transaction resulted in the issuance of 2,600,000 new ordinary shares (the “New Shares”), at a subscription price of €0.50 per share. The New Shares are ordinary shares, fully paid up and issued in registered form. They carry the same rights as existing shares and will include the right to dividends and distributions for the current financial year and all future financial years, if applicable.
Shareholding structure after the capital increase
Following the Capital Increase, the Company’s share capital will be increased from €7,541,124.87 to €8,841,124.87, represented by 5,392,387 shares.
The shareholding structure before and after the transaction is as follows:
| Shareholders | before | after | ||
| Number of shares* | % of capital | Number of shares* | % of capital | |
| EMC Surface Technologies Ltd. | 990,164 | 35.5% | 1,990,164 | 36.9% |
| Jim Clarke | 1,000,000 | 18,6% | ||
| Finance and Management International NV | 972,993 | 34.8% | 972,993 | 18.0% |
| Jean Schroyen | 15,000 | 0.5% | 315,000 | 5.8% |
| Jan Robeyns | 300,000 | 5.6% | ||
| Public | 814,230 | 29.2% | 814,230 | 15.1% |
| Total | 2,792,387 | 100.0% | 5,392,387 | 100.0% |
*Each share carries one voting right.
Impact for shareholders
The stake of a shareholder holding 1% of the Company’s share capital before the capital increase and not participating in the Private Placement would be diluted to approximately 0.52% following the issuance of the New Shares.
Settlement and delivery of the Capital Increase
The New Shares will be registered shares, which will not be listed on the Paris Euronext Growth market.
The transaction did not require the approval of a prospectus by the Autorité des Marchés Financiers.
Agenda
| 31 October 2025 | First half 2025 results and half-year financial report (after close of trading) |
About COIL
COIL is the world's leading anodiser in the building and industrial sectors and trades under the ALOXIDE brand name.
Anodising is an electrochemical process (electrolysis) which develops a natural, protective oxide layer on the surface of aluminium and can be coloured in a range of UV-proof finishes. It gives the metal excellent resistance to corrosion and/or reinforces its functional qualities. Anodising preserves all the natural and ecological properties of aluminium; it retains its high rigidity and excellent strength-to-weight ratio, its non-magnetic properties, its exceptional resistance to corrosion. The metal remains totally and repeatedly recyclable through simple re-melting. Anodised aluminium is used in a wide variety of industries and applications: architecture, design, manufacturing, and the automotive sector.
COIL deploys an industrial model that creates value by leveraging its unique know-how, its operational excellence, the quality of its investments and the expertise of its people. COIL has more than 100 employees in Belgium and Germany and generated a business volume of €24,1 million in 2024.
Listed on Euronext Growth Paris | Isin: BE0160342011 | Reuters: ALCOI.PA | Bloomberg: ALCOI: FP
For more information, please visit
Contact
| COIL Tim Hutton | Chief Executive Officer | Tel.: +32 (0)11 88 01 88 | ACTUS FINANCE & COMMUNICATION Cyril Combe | Tel.: +33 (0)1 53 65 68 68 |
Disclaimer
This press release is for information purposes only. It does not constitute and should not be considered as a public offering, an offer to subscribe, or a solicitation of public interest with a view to a public offering of securities.
The information set out above does not and should not be construed as a public offering, an offer to subscribe or purchase, or a solicitation of public interest in connection with a public offering of securities requiring the publication of a prospectus approved by the Financial Services and Markets Authority.
The distribution of this information in certain countries may constitute a breach of applicable legal provisions. This information must not be published, transmitted, disseminated or distributed, directly or indirectly, in or into the United States of America (including its territories and possessions), Canada, Australia, South Africa, Japan, or any other jurisdiction where such publication would be unlawful.
The information made available above does not constitute an offer to sell or a solicitation to purchase securities of the Company in the United States, Canada, Australia, South Africa, Japan or in any other jurisdiction where such an offer or solicitation would be unlawful.
The offering of the Company’s securities described in this press release is exclusively reserved for qualified investors, as specified in the section “Legal framework and terms of the transaction” of this press release.
With respect to the Member States of the European Economic Area, no action has been or will be taken to allow a public offering of the Company’s securities mentioned in this press release, requiring the publication of a prospectus in any Member State. Accordingly, the Company’s securities described in this press release may not and will not be offered in any Member State, except pursuant to the exemptions provided for in Article 1(4) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017, as amended (the “Prospectus Regulation”), or in other cases not requiring the publication of a prospectus by the Company under Article 3 of the Prospectus Regulation and/or applicable regulations in such Member State.
Without prejudice to restrictions applicable in other jurisdictions, the securities may not be offered or sold in the United States without prior registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or without relying on an exemption from such registration requirement. The Company’s securities referred to in this press release have not been and will not be registered under the U.S. Securities Act, and the Company does not intend to conduct any public offering of such securities in the United States.
1 See press release dated July 29, 2025.
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