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MUX Mutares SE & Co KgaA News Story

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Brief: Mutares SE & Co. KGaA To Implement Capital Increase With Subscription Rights Against Cash Contribution With Pre-Placement To Institutional Investors

April 1 (Reuters) - MUTARES SE & CO KGAA MUXG.DE:

RESOLVES TO IMPLEMENT A CAPITAL INCREASE WITH SUBSCRIPTION RIGHTS AGAINST CASH CONTRIBUTION WITH PRE-PLACEMENT TO INSTITUTIONAL INVESTORS

TO ISSUE UP TO 4,269,651 NEW SHARES FOR UP TO EUR 105 MILLION GROSS PROCEEDS

PROCEEDS TO BE USED FOR U.S. AND EUROPEAN EXPANSION AND BALANCE SHEET STRENGTHENING

SUBSCRIPTION RATIO SET AT 5:1

COMPANY AGREES TO INITIAL THREE-MONTH LOCK-UP PERIOD

Source text: ID:nEQbpC9Pra

Further company coverage: MUXG.DE

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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