Brief: Cyan Resolved On Capital Increase

Cyan AG

12/10/2018 05:57

Oct 12 (Reuters) - Cyan AG  CYR.DE :
    * SAID ON THURSDAY: IMPLEMENTATION OF A CAPITAL INCREASE RESOLVED
    * TO INCREASE THE SHARE CAPITAL OF THE COMPANY FROM EUR 8,394,923.00 BY UP TO EUR 370,000.00
TO UP
TO EUR 8,764,923.00 
    * TO ISSUE UP TO 370,000 NEW NO-PAR VALUE SHARES AGAINST CASH CONTRIBUTIONS UNDER EXCLUSION
OF
SHAREHOLDERS' SUBSCRIPTION RIGHTS
    * PROCEEDS FROM THE PLACEMENT WILL BE USED TO REPAY EXISTING THIRD-PARTY LIABILITIES THAT
THE
COMPANY ASSUMED WHEN IT ACQUIRED A MAJORITY INTEREST IN I-NEW UNIFIED MOBILE SOLUTIONS AG

Source text for Eikon:  ID:nEQ4xCZ99a 
Further company coverage:  CYR.DE 

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