Brief: Grammer Resolves To Increase Its Share Capital

GRAMMER AG

29/10/2020 07:50

Oct 29 (Reuters) - GRAMMER AG  GMMG.DE :
    * GRAMMER AG HAS RESOLVED TO INCREASE ITS SHARE CAPITAL BY
EUR 40
MILLION FROM AUTHORISED CAPITAL WITH SUBSCRIPTION RIGHTS FOR THE
SHAREHOLDERS
    * SUBSCRIPTION PRICE IS EUR 15.21 PER NEW SHARE
    * WILL ISSUE 2,630,801 NEW BEARER SHARES WITH DIVIDEND
RIGHTS FROM
1 JANUARY 2020.
    * GROSS ISSUE PROCEEDS AMOUNT TO EUR 40 MILLION.
    * SUBSCRIPTION RATIO IS 14:3
    * FUNDS FLOWING TO COMPANY SHALL BE USED FOR PURPOSES OF
GENERAL
CORPORATE FINANCING

Source text for Eikon:  ID:nEQ3kp6wZa 
Further company coverage:  GMMG.DE 

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