Brief: Lloyd Fonds Starts Planned Capital Increase With Subscription Rights

Laiqon AG

31/01/2022 07:36

Jan 31 (Reuters) - LLOYD FONDS AG  L1OGk.DE :
    * START OF PLANNED CAPITAL INCREASE WITH SUBSCRIPTION RIGHTS
    * 98% APPROVAL OF THE SHAREHOLDERS OF BV HOLDING AG, MUNICH
    * CONVERSION PERIODS FOR CONVERTIBLE BONDS 2019/2022 AND
2020/2024
ADJUSTED
    * TODAY ANNOUNCES THE IMPLEMENTATION OF ITS CAPITAL INCREASE
OF
EUR 615,000.00 AGAINST CASH CONTRIBUTIONS (CASHKE) ANNOUNCED ON
11 JANUARY 2022 BY ISSUING UP TO 615,000 NEW NO-PAR VALUE BEARER
SHARES WITH A PRO RATA AMOUNT OF THE SHARE CAPITAL OF EUR 1.00
PER SHARE
    * THIS CORRESPONDS TO 4.6% OF THE COMPANY'S SHARE CAPITAL
    * NET PROCEEDS OF THE CAPITAL INCREASE WILL SERVE TO
STRENGTHEN
THE CAPITAL BASE OF LLOYD FONDS AG AND WILL PRIMARILY BE USED TO
FINANCE THE NECESSARY CASH COMPONENT OF APPROXIMATELY EUR 10.4
MILLION FOR THE PLANNED ACQUISITION OF APPROXIMATELY 98% OF THE
SHARES IN BV HOLDING AG
    * ANOTHER PART WILL BE USED TO FINANCE THE 17.75%
ACQUISITION OF
THE BERLIN-BASED FINTECH GROWNEY GMBH
    * TWO TRANSACTIONS WILL RESULT IN A CUMULATIVE CASH
REQUIREMENT OF
AROUND EUR 13.4 MILLION
    * MAXIMUM PROCEEDS FROM THE CAPITAL INCREASE AMOUNT TO EUR
7,995,000.00.

Source text for Eikon:  ID:nEQ14l4lRa 
Further company coverage:  L1OGk.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))