Brief: Windeln.De Management Board And Supervisory Board Cancel Subscription Offer

Nakiki Se

01/07/2022 09:18

July 1 (Reuters) - WINDELN.DE SE  WDL1k.DE :
    * MANAGEMENT BOARD AND SUPERVISORY BOARD CANCEL THE
SUBSCRIPTION
OFFER
    * MANAGEMENT BOARD AND SUPERVISORY BOARD CANCEL SUBSCRIPTION
OFFER
    * ASSUMES THAT ORDINARY CAPITAL INCREASE WITH SUBSCRIPTION
RIGHTS
RESOLVED BY EXTRAORDINARY MEETING OF JANUARY 28, 2022 CANNOT BE
IMPLEMENTED WITH PROSPECT OF SUFFICIENT ISSUE PROCEEDS
    * MANAGEMENT BOARD AND SUPERVISORY BOARD OF COMPANY HAVE
THEREFORE
TODAY RESOLVED TO CANCEL SUBSCRIPTION OFFER, SUBSCRIPTION PERIOD
OF WHICH CURRENTLY RUNS UNTIL JULY 4, 2022 AFTER SEVERAL
EXTENSIONS
    * TWO INVESTORS WITH WHOM COMPANY HAD CONCLUDED COMMITMENT
AGREEMENTS FOR ACQUISITION OF NEW SHARES IN CONTEXT OF CAPITAL
INCREASE WITH A TOTAL VOLUME OF UP TO EUR 5.5 MILLION
("COMMITMENT AGREEMENTS") ARE NOT FULFILLING THEIR CONTRACTUAL
OBLIGATIONS WITH REGARD TO CAPITAL INCREASE
    * WITHOUT PARTICIPATION OF TWO INVESTORS, MANAGEMENT BOARD
DOES
NOT EXPECT ANY PROCEEDS FROM CAPITAL INCREASE (SUBSCRIPTIONS AND
PRIVATE PLACEMENT) IN AN AMOUNT THAT COULD MAKE A RELEVANT
CONTRIBUTION TO FINANCING OF COMPANY IN CURRENT FISCAL YEAR
    * PREVIOUS INTENSIVE EFFORTS OF ADMINISTRATIVE BODIES OF
WINDELN.DE TO ATTRACT OTHER INVESTORS TO COMPENSATE FOR POSSIBLE
LOSS OF TWO INVESTORS HAVE ALSO NOT LED TO ANY RELIABLE RESULTS

Source text for Eikon:  ID:nEQ8T3s1fa 
Further company coverage:  WDL1k.DE 

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