Brief: HanseYachts Buys Privilege Marine And Plans Capital Increase

HanseYachts AG

27/06/2019 11:59

June 27 (Reuters) - HANSEYACHTS AG  H9YG.DE :
    * BUYS CATAMARAN MANUFACTURER PRIVILEGE MARINE SAS
    * CASH AND NON-CASH CAPITAL INCREASE TOTALING APPROX. EUR
7.1
MILLION PLANNED
    * THUS ACQUIRES INDIRECTLY 97.43% OF THE SHARES IN PRIVILEGE
MARINE
    * CASH PURCHASE PRICE IS EUR 500 THOUSAND PLUS VARIABLE
PRICE
COMPONENT OF UP TO FURTHER EUR 600 THOUSAND, DEPENDENT ON
CERTAIN FUTURE DEVELOPMENTS
    * SHARE CAPITAL TO INCREASE BY EUR 933,162.00 AGAINST THE
ISSUE OF
933,162 NEW SHARES
    * AT THE SAME TIME SHARE CAPITAL TO INCREASE BY EUR
299,219.00
AGAINST ISSUE OF 299,219 NEW SHARES AGAINST CASH CONTRIBUTIONS
    * SEES OFFER PRICE AT EUR 5.75
    * STARTING FY 2020/2021, EXPECTS SIGNIFICANT ADDITIONAL
REVENUE AS
WELL AS SIGNIFICANT  IMPROVEMENT IN EARNINGS POSITION

Source text for Eikon:  ID:nEQ5D6NNKa 
Further company coverage:  H9YG.DE 

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