Vectron Systems AG: Vectron Systems AG resolves capital increase from authorized capital amounting to around approx. 10 per cent
Vectron Systems AG / Key word(s): Capital Increase The Management Board of Vectron Systems AG has decided, with the approval of the Supervisory Board, to carry out a capital increase. By making partial use of the existing Authorized Capital 2019 and excluding shareholders' subscription rights, the share capital of Vectron AG is to be increased by up to EUR 727,319.00. This corresponds to approximately 10 percent of the current share capital. The increase will be effected against cash contributions by issuing up to 727,319 new bearer shares (the "new shares"). As a result, Vectron Systems AG share capital will increase from EUR 7,291,859.00 to up to EUR 8,019,178.00 when all new shares are issued. The new shares are to be offered to qualified investors by means of a private placement using an accelerated bookbuilding process, which will be launched immediately after this announcement. The new shares are to be admitted to trading on the open market (Scale Segment) of the Frankfurt Stock Exchange without a prospectus. The number of shares to be issued and the placement price will be determined after completion of the accelerated bookbuilding process and are expected to be announced on 04 February 2020. The admission and delivery of the new shares are expected to take place on 07 February 2020. The net proceeds from the capital increase are to be used to pre-finance the growth of the high-margin digital services business, substantially increasing monthly recurring revenues. Hauck & Aufhäuser will act as Sole Bookrunner for the placement. Contact: Vectron Systems AG Tobias Meister Willy-Brandt-Weg 41 48155 Münster, Germany phone +49 (0) 2983 908121 mobile +49 (0) 170 2939080 fax +49 (0)251 2856-560 tobias.meister@vectron.de 03-Feb-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Vectron Systems AG |
Willy-Brandt-Weg 41 | |
48155 Münster | |
Germany | |
Phone: | 0251/ 28 56 - 0 |
Fax: | 0251/ 28 56 - 564 |
E-mail: | info@vectron.de |
Internet: | www.vectron.de |
ISIN: | DE000A0KEXC7 |
WKN: | A0KEXC |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
EQS News ID: | 966553 |
End of Announcement | DGAP News Service |