Brief: Frequentis Adopts Employee Participation Program, Capital Increase

Frequentis AG

02/03/2020 11:31

March 2 (Reuters) - FREQUENTIS AG  FQT.VI :
    * EXECUTIVE BOARD ADOPTS EMPLOYEE PARTICIPATION PROGRAM AND
THEREFORE A CAPITAL INCREASE
    * COMPANY'S SHARE CAPITAL SHALL BE INCREASED FROM CURRENTLY
EUR
13,200,000 BY UP TO EUR 80,000 TO UP TO EUR 13,280,000 BY
ISSUING UP TO 80,000 NEW SHARES AGAINST CASH CONTRIBUTION
    * OFFER PERIOD IS EXPECTED TO COMMENCE ON 3 APRIL 2020
    * PURCHASE PRICE PER NEW SHARE TO BE PAID BY PARTICIPATING
EMPLOYEES SHALL AMOUNT TO 80% OF CLOSING PRICE ON 4 MAY 2020

Source text for Eikon:  ID:nPexBkkCLa 
Further company coverage:  FQT.VI 

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