Brief: Leoni: Refinancing Requires Substantial Contributions From Investors, Expected To Largely Dilute Shareholders

Leoni AG

03/02/2023 13:01

Feb 3 (Reuters) - Leoni AG  LEOGn.DE :
    * REFINANCING REQUIRES SUBSTANTIAL CONTRIBUTIONS FROM EQUITY
AND
DEBT INVESTORS AND IS EXPECTED TO LARGELY DILUTE SHAREHOLDERS
    * FROM TODAY'S PERSPECTIVE, IT CAN BE ASSUMED THAT A
PREREQUISITE
FOR REFINANCING SOLUTION WILL BE A CAPITAL REDUCTION WITH A
SUBSEQUENT CAPITAL INCREASE
    * HAS ENTERED INTO TALKS WITH ITS LARGEST SHAREHOLDER,
PIERER
GROUP
    * PIERER HAS DECLARED THAT, SUBJECT TO CERTAIN CONDITIONS,
IT IS
WILLING TO MAKE A SIGNIFICANT CONTRIBUTION TO RESTRUCTURING
WITHIN CONTEXT OF EQUITY INJECTION

Source text for Eikon:  ID:nEQ5V95x8a 
Further company coverage:  LEOGn.DE 
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