Brief: Lena Beteiligungs To Resolve Capital Increase In Kind Planned Through Contribution Of Arbitrage Sales Limited

Arbitrage Investment AG

17/05/2022 15:09

May 17 (Reuters) - LENA BETEILIGUNGS AG  L1Ak.H :
    * CAPITAL INCREASE IN KIND PLANNED THROUGH CONTRIBUTION OF
ARBITRAGE SALES LIMITED
    * TO RESOLVE ON A CAPITAL INCREASE BY AN AMOUNT OF EUR
2,000,000.00 AGAINST CONTRIBUTIONS IN KIND IN EXCHANGE FOR THE
ISSUANCE OF 2,000,000 NO-PAR VALUE BEARER SHARES
    * EACH REPRESENTING A PROPORTIONATE AMOUNT OF THE SHARE
CAPITAL OF
EUR 1.00, EXCLUDING SHAREHOLDERS' SUBSCRIPTION RIGHTS
    * THE SHARE CAPITAL WILL AMOUNT TO EUR 2,162,500.00 AFTER
THE
CAPITAL INCREASE THROUGH CONTRIBUTIONS IN KIND
    * THE SOLE SHAREHOLDER OF ARBITRAGE SALES LIMITED, ARBITRAGE
HOLDING LIMITED, BIRMINGHAM, UNITED KINGDOM, WILL HOLD
APPROXIMATELY 92.5% OF THE SHARES OF THE COMPANY AFTER
COMPLETION OF THE TRANSACTION
    * THE PREVIOUS MAJORITY SHAREHOLDER, HBC EUROPA GMBH, BERG,
SWITZERLAND, WILL STILL HOLD APPROXIMATELY 5.6% OF THE SHARES
AFTER THE CAPITAL INCREASE
    * IT IS PLANNED THAT HBC EUROPA GMBH WILL ACQUIRE THE
SHAREHOLDING
OF ARBITRAGE HOLDING LIMITED AFTER THE CAPITAL INCREASE THROUGH
CONTRIBUTIONS IN KIND AND WILL THEN HOLD APPROXIMATELY 98.1% OF
THE SHARES
    * ARBITRAGE SALES LIMITED WILL BE CONTRIBUTED TO THE COMPANY
ON
THE BASIS OF A VALUATION OF EUR 2.72 MILLION
    * WHICH CORRESPONDS TO A VALUE OF EUR 1.36 PER SHARE

Source text for Eikon:  ID:nEQ84JTdXa 
Further company coverage:  L1Ak.H 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))