Brief: Deutz Resolves On A 10 % Capital Increase

Deutz AG

02/07/2024 16:42

July 2 (Reuters) - DEUTZ AG  DEZG.DE :
    * RESOLVES ON A 10 % CAPITAL INCREASE AGAINST CASH
CONTRIBUTIONS
FROM AUTHORIZED CAPITAL, WITH THE EXCLUSION OF PRE-EMPTION
RIGHTS
    * PLACEMENT OF SHARES WILL BE INITIATED IMMEDIATELY AFTER
RELEASE
OF THIS NOTIFICATION
    * NEW SHARES WILL CARRY FULL DIVIDEND RIGHTS FOR FINANCIAL
YEAR
FROM JANUARY 1, 2024
    * NET PROCEEDS FROM CAPITAL INCREASE WILL GIVE DEUTZ
FINANCIAL
FLEXIBILITY TO BE ABLE TO CONTINUE INVESTING IN GROWTH BY
ACQUISITION ONCE IT HAS PAID PURCHASE PRICE
    * AS PART OF TRANSACTION, DEUTZ AG IS COMMITTING TO A
LOCK-UP

Source text for Eikon:  ID:nEQ1f6kCNa 
Further company coverage:  DEZG.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))