Brief: MEDIQON Group Implements New Capital Increase

CHAPTERS AG

04/11/2021 17:30

Nov 4 (Reuters) - MEDIQON GROUP AG  MCEG.DE :
    * IMPLEMENTATION OF A CASH CAPITAL INCREASE FROM AUTHORISED
CAPITAL DECIDED AND CONCLUSION OF AN INVESTMENT AGREEMENT WITH A
GROUP OF INSTITUTIONAL INVESTORS
    * THE MANAGEMENT BOARD OF MEDIQON GROUP AG (ISIN
DE0006618309)
TODAY RESOLVED, WITH THE APPROVAL OF THE SUPERVISORY BOARD, TO
CARRY OUT A CAPITAL INCREASE WITH THE EXCLUSION OF SUBSCRIPTION
RIGHTS BY ISSUING 999,955 NEW SHARES. THE SHARE CAPITAL OF THE
COMPANY IS TO BE INCREASED BY EUR 999,955.00 FROM EUR
9,999,558.00 TO EUR 10,999,513.00 IN RETURN FOR CASH
CONTRIBUTIONS, MAKING PARTIAL USE OF THE AUTHORISED CAPITAL
    * THE NEW ORDINARY BEARER SHARES (NO-PAR VALUE SHARES) WILL
BE
OFFERED EXCLUSIVELY TO PROFESSIONAL INVESTORS IN A PRIVATE
PLACEMENT.
    * THE ISSUE PRICE WAS SET AT EUR 9.00 PER NEW SHARE,
SLIGHTLY
ABOVE THE VOLUME-WEIGHTED AVERAGE PRICE OF THE LAST FIVE TRADING
DAYS.
    * IN ADDITION, THE EXECUTIVE BOARD, WITH THE APPROVAL OF THE
SUPERVISORY BOARD, DECIDED TO PREPARE ANOTHER CAPITAL INCREASE
WITH SUBSCRIPTION RIGHTS FROM AUTHORISED CAPITAL BY ISSUING UP
TO 3,999,824 NEW SHARES. THIS FURTHER CAPITAL INCREASE IS
EXPECTED TO TAKE PLACE IN 2022
    * FUNDS RAISED BY THE CAPITAL INCREASE ARE INTENDED TO
FURTHER
ACCELERATE THE COMPANY'S GROWTH AND TO EXPAND AND STRENGTHEN ITS
CAPITAL STRUCTURE
    * MEDIQON GROUP AG HAS ALSO CONCLUDED AN INVESTMENT
AGREEMENT WITH
A GROUP OF INSTITUTIONAL INVESTORS
    * THE SUBJECT OF THIS AGREEMENT IS, ON THE ONE HAND, THE
INVESTORS' EXPRESSION OF INTEREST IN ACQUIRING SHARES IN THE
COMPANY WITHIN THE FRAMEWORK OF THE CAPITAL INCREASE RESOLVED
TODAY, EXCLUDING SUBSCRIPTION RIGHTS. ON THE OTHER HAND, THE
INVESTORS INTEND TO EXERCISE THEIR SUBSCRIPTION RIGHTS IN THE
CAPITAL INCREASE PLANNED FOR 2022 AND TO ACQUIRE ANY NEW SHARES
NOT SUBSCRIBED BY OTHER SHAREHOLDERS
    * CUMULATIVELY, THE INVESTOR GROUP HAS EXPRESSED INTEREST IN
INVESTING MORE THAN EUR 40 MILLION IN MEDIQON GROUP AG AS PART
OF THE TWO INTENDED CAPITAL MEASURES.

Source text for Eikon:  ID:nEQ3dWm3ta 
Further company coverage:  MCEG.DE 

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