Brief: Value Management & Research: capital increase to finance DDAG purchase

NSI Asset AG

04/11/2016 06:21

Nov 4 (Reuters) - Value Management & Research AG  VMR1k.F : 
    * Said on Thursday management board of VMR AG has signed a 
contract to acquire up to 100 percent of the shares in Deutsche 
Direktanlage AG (DDAG), Berlin 
    * As a result of the takeover and integration, the 
management board of VMR AG expects an additional EBITDA-based 
profit of approximately 0.2 million euros ($221,900) from fiscal 
year 2017 
    * To partially finance the merger VMR plans to increase 
capital from current 2,406,590 euros by up to 200,000 euros to 
up to 2,606,590 euros by capital increase against cash 
contributions by issuing up to 200,000 new bearer shares 
    * Subscription price was set at 2.75 euros 
    * Subscription period runs from Nov. 8, 2016 till Nov. 21, 
2016 inclusive 
    * Following completion of the takeover, merger with the 
online discount and investment fund platform www.4free.de is 
planned 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nPexsXLmDa 
     
 Further company coverage:  VMR1k.F   
    
 
 
 
($1 = 0.9013 euros) 
 
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