Brief: Altech Advanced Materials To Resolve Capital Increase

Altech Advanced Materials AG

04/02/2020 06:24

Feb 4(Reuters) - ALTECH ADVANCED MATERIALS AG  AMA1.F  
    * EXTRAORDINARY GENERAL MEETING ON MARCH 12 TO RESOLVE
CAPITAL
INCREASE
    * PROVIDES FOR AN INCREASE OF THE COMPANY'S SHARE CAPITAL BY
UP TO
EUR 63,102,080.00 BY ISSUING UP TO 63,102,080 NEW SHARES
    * EXISTING SHAREHOLDERS WILL BE GRANTED SUBSCRIPTION RIGHTS
AT
RATIO OF 1:40 (EACH SHARE HELD ENTITLES HOLDER TO SUBSCRIBE FOR
FORTY NEW SHARES) AT SUBSCRIPTION PRICE OF EUR 1.10 PER SHARE
    * ALL UNSUBSCRIBED SHARES SHOULD BE PLACED WITH INVESTORS AT
A
TARGET PRICE OF EUR 1.20 PER SHARE
    * IS ESSENTIALLY REPETITION OF CAPITAL INCREASE RESOLVED AT
EGM ON
17 JULY 2019, WHICH COULD NOT BE IMPLEMENTED
    * WITH CAPITAL INCREASE, COMPANY INTENDS TO CONTINUE ITS
FINANCIAL
STRATEGY

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nPexbpzBma
    
 Further company coverage:  AMA1.F  
   
    
    

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