Brief: Orbis Announces Strategic Partnership With Hoermann

Orbis Se

14/02/2020 08:33

Feb 14 (Reuters) - ORBIS AG  OBSG.DE :
    * STRATEGIC PARTNERSHIP WITH HOERMANN (FIXES TYPO)
    * HÖRMANN DIGITAL BETEILIGUNGS GMBH SUBSCRIBES TO ORBIS AG'S
FREE
CAPITAL INCREASE FROM AUTHORIZED CAPITAL
    * HÖRMANN DIGITAL BETEILIGUNGS GMBH ACQUIRES UP TO 28.02% OF
ORBIS
SHARES AND IS GRANTED THE RIGHT TO ACQUIRE FURTHER ORBIS SHARES
    * CAPITAL INCREASE WAS FULLY SUBSCRIBED
    * DECIDED TO INCREASE THE SHARE CAPITAL FROM THE AUTHORIZED
CAPITAL BY EUR 618,292.00 FROM THE CURRENT EUR 9,147,750
    * ISSUE PRICE IS EUR 8.00 PER SHARE
    * HÖRMANN TODAY CONCLUDED PURCHASE CONTRACTS WITH GMV AG,
ORBIS'
LARGEST SHAREHOLDER, AND OTHER SHAREHOLDERS FOR PURCHASE AND
ACQUISITION OF TOTAL OF 2,118,316 SHARES
    * AGREED PURCHASE PRICE ON THE PART OF GMV IS EUR 7.80 PER
SHARE
THE OTHER SHAREHOLDERS HAVE A PURCHASE PRICE OF EUR 8.00 PER
SHARE

Source text for Eikon:  ID:nEQbXdBLza 
Further company coverage:  OBSG.DE 

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