Xryma plans Euronext Paris relisting bid within 12 months

Xryma Plc said it intends to reapply within the next 12 months for admission to list on Euronext Paris, subject to Euronext's approval and potentially other regulatory clearances. Before filing that application, the company plans to launch a pre-listing liquidity facility and price discovery process that combines a private placement to institutional and qualified investors with a secondary market offer for existing shareholders who want to exit before any listing. The structure is aimed at giving shareholders a way to sell without opening an EU brokerage account, while helping establish a market-based reference price through a bookbuild (investor order-gathering process). Xryma said shareholders would be able to sell at the same price paid by qualified and institutional investors, with the final level set as the Primary Market Placement Price. Shareholders can set a floor price, and if the bookbuild clears above that level, they would receive the Primary Market Placement Price minus applicable fees. The company said allocations may be scaled back on either side if supply and demand do not match, and completion depends on institutional and qualified investor demand reaching a level that the board considers sufficient to support orderly trading if the shares are later admitted to Euronext Paris. Participation is voluntary, while shareholders who do not plan to sell were told to continue onboarding with a Euronext participating broker or a Euroclear ESES custodian (European securities settlement provider). Major shareholders SCP Select All Enterprise (Monaco) and SCP Red 5 Solutions (Monaco) will not take part and will be subject to lock-up arrangements. CEO Mr Nikogiannis (John) Karantzis said the process responds to shareholder demand for a simpler exit route and is designed to create a credible reference price while limiting dilution. Shareholder mailouts with instructions and documentation are scheduled during August 2026.