Brief: Naga Group Resolves Cash Capital Increase

NAGA AG

29/06/2020 16:43

June 29 (Reuters) - NAGA GROUP AG  N4G.DE :
    * RESOLVES CASH CAPITAL INCREASE
    * TO INCREASE COMPANY'S SHARE CAPITAL AGAINST CASH
CONTRIBUTIONS
WITH SUBSCRIPTION RIGHTS FOR SHAREHOLDERS
    * SHARE CAPITAL SHALL BE INCREASED BY UP TO EUR 2,000,000.00
AGAINST CASH CONTRIBUTIONS BY UTILIZING AUTHORIZED CAPITAL 2018
    * UP TO 2,000,000 NEW REGISTERED SHARES SHALL BE ISSUED AT A
SUBSCRIPTION PRICE OF EUR 2.50 PER NEW SHARE
    * SHAREHOLDERS MAY SUBSCRIBE TWO NEW SHARES FOR EVERY
THIRTY-NINE
OLD SHARES HELD
    * NEW SHARES SHALL BE ISSUED WITH DIVIDEND RIGHTS FROM
BEGINNING
OF FINANCIAL YEAR 2019
    * SUBSCRIPTION PERIOD IS PLANNED TO BEGIN ON 3 JULY 2020 AND
IS
PLANNED TO END ON 16 JULY 2020 (INCLUSIVE IN EACH CASE)
    * RECORD DATE FOR ALLOCATION OF SUBSCRIPTION RIGHTS BASED ON
SHARES HELD BY SHAREHOLDERS AT THAT TIME IS EXPECTED TO BE 6
JULY 2020
    * PUBLIC OFFERING REGARDING CAPITAL INCREASE IS TO BE MADE
WITHOUT
A PROSPECTUS, BUT WITH A SECURITIES INFORMATION SHEET THAT HAS
BEEN SUBMITTED TO  BAFIN FOR APPROVAL
    * EXPECTS APPROVAL TO BE GRANTED ON 30 JUNE 2020 AND
SUBSCRIPTION
OFFER IS EXPECTED TO BE PUBLISHED IN FEDERAL GAZETTE
(BUNDESANZEIGER) ON 1 JULY 2020
    * NEW SHARES ARE TO BE ADMITTED TO TRADING ON OPEN MARKET
(SEGMENT
SCALE) OF FRANKFURT STOCK EXCHANGE WITHOUT A PROSPECTUS
    * ADMISSION OF NEW SHARES IS EXPECTED TO TAKE PLACE ON 24
JULY
2020

Source text for Eikon:  ID:nEQ1j6Yzza 
Further company coverage:  N4G.DE 

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