Brief: S&O Beteiligungen Says Sebastian-Justus Schmidt Becomes New Majority Shareholder

Enapter AG

11/08/2020 07:38

Aug 11 (Reuters) - S&O BETEILIGUNGEN AG  BUF1k.F :
    * SAID ON MONDAY ITS LARGEST SHAREHOLDER, DEUTSCHE BALATON,
SOLD
SUBSTANTIAL PART OF ITS STAKE IN S&O BETEILIGUNGEN TO
SEBASTIAN-JUSTUS SCHMIDT AND HIS COMPANY BLUGREEN COMPANY
LIMITED
    * BUYER WILL INITIALLY HOLD AROUND 61.47% OF THE VOTING
RIGHTS AND
SHARE CAPITAL IN S&O BETEILIGUNGEN AG
    * COMPANY'S SHARE CAPITAL WILL BE INCREASED BY UP TO EUR 20
MILLION BY ISSUING UP TO 20 MILLION NEW NO-PAR-VALUE REGISTERED
SHARES
    * CAPITAL INCREASE IN KIND IS TO TAKE PLACE WITH THE
EXCLUSION OF
THE SUBSCRIPTION RIGHTS OF THE SHAREHOLDERS
    * NEW SHARES ARE TO BE ISSUED AT AN ISSUE PRICE OF EUR 1.00
PER
SHARE, I.E. A TOTAL ISSUE AMOUNT OF UP TO EUR 20 MILLION
    * SUM OF THE NOMINAL AMOUNT OF THE SHARES TO BE CREATED AND
THE
ALLOCATION TO THE CAPITAL RESERVE IS EXPECTED TO BE AT LEAST EUR
100 MILLION
    * IMPLEMENTATION OF THE CAPITAL INCREASE IN KIND SHOULD BE
ENTERED
IN THE COMMERCIAL REGISTER OF THE TARGET COMPANY BY MARCH 31,
2021
    * IT IS TO BE PROPOSED TO THE GENERAL MEETING OF S&O
BETEILIGUNGEN
AG THAT AN ACCOMPANYING CASH CAPITAL INCREASE BE RESOLVED TO
PROVIDE COMPANY WITH LIQUIDITY
    * AMOUNT AND SCOPE OF THE CASH CAPITAL INCREASE HAVE NOT YET
BEEN
DETERMINED
    * BUYER ALSO INTENDS TO PROPOSE TO THE GENERAL MEETING TO
CHANGE
THE NAME OF S&O BETEILIGUNGEN AG TO ENAPTER AG AND TO MOVE THE
REGISTERED OFFICE TO BERLIN
    * INTRINSIC VALUE OF S&O BETEILIGUNGEN AG AS OF TODAY IS
AROUND
EUR 890 THOUSAND AND THAT THIS CONSISTS PRIMARILY OF BANK
BALANCES
    * INTRINSIC VALUE TAKES INTO ACCOUNT THE CONTRIBUTION OF A
CLAIM
BY DEUTSCHE BALATON AG AGAINST S&O BETEILIGUNGEN AG TO S&O
BETEILIGUNGEN AG IN THE AMOUNT OF AROUND EUR 130 THOUSAND

    
    
 Source text for Eikon:  ID:nPexryZ8Ba 
 Further company coverage:  BUF1k.F  
   


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