Brief: IBU-Tec To Implement Capital Increase With Pre-Placement

IBU-tec advanced materials AG

16/02/2021 16:44

Feb 16 (Reuters) - IBU TEC ADVANCED MATERIALS AG  IBU.DE :
    * DECIDES TO IMPLEMENT A CAPITAL INCREASE WITH PRE-PLACEMENT
TO
INSTITUTIONAL INVESTORS
    * ISSUE OF 750,000 NEW SHARES PLANNED AS PART OF A CAPITAL
INCREASE
    * MAJOR SHAREHOLDER WAIVES SUBSCRIPTION RIGHT/ SUBSCRIPTION
PERIOD
FOR REMAINING FREE FLOAT SHAREHOLDERS EXPECTED TO BE FROM
19/2-4/3/2021
    * PROCEEDS FROM CAPITAL INCREASE TO BE USED FOR FURTHER
GROWTH,
ESPECIALLY IN AREA OF PROPRIETARY BATTERY MATERIALS
    * EACH NEW SHARE SHALL CARRY A PRO RATA AMOUNT OF SHARE
CAPITAL OF
EUR 1.00 PER NO-PAR VALUE SHARE AND SHALL CARRY FULL DIVIDEND
RIGHTS AS OF 1ST OF JANUARY 2020
    * NEW SHARES WILL BE OFFERED AT A FIXED PLACEMENT PRICE OF
EUR
34.00 PER SHARE
    * RESULTS IN A DISCOUNT OF 17% TO XETRA AVERAGE CLOSING
PRICE OF
LAST 15 TRADING DAYS
    * WEITZ FAMILY AS MAJOR SHAREHOLDER HAS WAIVED ITS PRO RATA
SUBSCRIPTION RIGHTS IN AMOUNT OF 517,144 NEW SHARES FOR PLANNED
CAPITAL INCREASE

Source text for Eikon:  ID:nEQ1B4jgka 
Further company coverage:  IBU.DE 

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