Brief: TELES To Propose Financial Restructuring

Arzneiwerk VIDA AG

04/03/2020 16:04

March 4 (Reuters) - TELES AG INFORMATIONSTECHNOLOGIEN
 TLIG.DE :
    * INTENDS TO PROPOSE A FINANCIAL RESTRUCTURING TO GENERAL
MEETING
OF COMPANY
    * SHARE CAPITAL IS TO BE REDUCED; CO IS CURRENTLY PLANNING
TO
PROPOSE AN 8 TO 1 REDUCTION
    * SUBSEQUENTLY, SHARE CAPITAL IS TO BE INCREASED AGAIN BY
WAY OF
AN INCREASE IN SUBSCRIPTION RIGHTS AGAINST CASH CONTRIBUTIONS
    * BIDDING CONSORTIUM AROUND SIMBLION GMBH PROMISED TO
SUPPORT
COMPANY
    * CONSORTIUM HAS DECLARED ITS WILLINGNESS TO PARTICIPATE IN
SUCH
CAPITAL INCREASE WITH INVESTMENT AMOUNT OF EUR 700,000
    * EXACT SCOPE OF CASH CAPITAL INCREASE TO BE PROPOSED TO AGM
    * SUBSCRIPTION RATIO AND SUBSCRIPTION PRICE WILL BE
DETERMINED
SHORTLY AFTER INVITATION TO AGM

Source text for Eikon:  ID:nPexQp9Gqa 
Further company coverage:  TLIG.DE 

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