Brief: ETV Montana Tech And Makra Launch Placement Of Up To 500,000 Existing Shares In Asta Energy Solutions AG
BRIEF-ETV Montana Tech And Makra Launch Placement Of Up To 500,000 Existing Shares In Asta Energy Solutions AG Sept 29 (Reuters) - ASTA ENERGY SOLUTIONS AG 1AST.VI:
ETV MONTANA TECH HOLDING GMBH AND MAKRA GMBH LAUNCH PLACEMENT OF UP TO 500,000 EXISTING SHARES IN ASTA ENERGY SOLUTIONS AG
PLACEMENT REPRESENTS APPROX. 3.5% OF ASTA SHARE CAPITAL WITH INSTITUTIONAL INVESTORS ONLY
FREE FLOAT EXPECTED TO INCREASE TO APPROX. 42.9%
PART OF PROCEEDS TO BE USED TO SETTLE CONTRACTUAL EARN-OUT OBLIGATION
ETV MONTANA TECH HOLDING AND MAKRA TO REMAIN MAJORITY SHAREHOLDERS WITH APPROX. 51.2% STAKE
Source text: ID:nEQbPrwRwa
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