Brief: Bauer Decides On Capital Increase From Authorized Capital

Bauer AG

07/12/2020 07:33

Dec 7 (Reuters) - BAUER AG  B5AG.DE :
    * DECIDES ON A CAPITAL INCREASE FROM AUTHORIZED CAPITAL
    * SHARE CAPITAL WILL BE INCREASED BY A NOMINAL AMOUNT OF EUR
7,299,997.16 TO EUR 80,301,417.61, EXCLUDING SHAREHOLDERS'
SUBSCRIPTION RIGHTS
    * INCREASE WILL BE CARRIED OUT AGAINST CASH CONTRIBUTIONS BY
ISSUE
OF 1,713,066 NEW NO-NOMINAL-VALUE SHARES AT AN ISSUE PRICE OF
EUR 9.32 PER SHARE
    * NEW SHARES WILL BE OFFERED AS PART OF A PRIVATE PLACEMENT
FOR
SUBSCRIPTION AND ACQUISITION
    * THIS CORRESPONDS TO APPROXIMATELY 10% OF CURRENT SHARE
CAPITAL
    * WITH THIS CASH CAPITAL INCREASE, BAUER AKTIENGESELLSCHAFT
IS
REINFORCING ITS EQUITY BASIS
    * ALSO FORECAST NEGATIVE EARNINGS AFTER TAX FOR 2020
FINANCIAL
YEAR DUE TO CONSEQUENCES OF COVID-19 PANDEMIC

Source text for Eikon:  ID:nEQ805LSa 
Further company coverage:  B5AG.DE 

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