Brief: Pferdewetten.de Capital Increase With Subscription Rights To Finance Entry Into Sports Betting Retail Business

pferdewetten de AG

15/12/2021 12:40

Dec 15 (Reuters) - PFERDEWETTEN DE AG  EMHn.DE :
    * CAPITAL INCREASE WITH SUBSCRIPTION RIGHTS TO FINANCE ENTRY
INTO
SPORTS BETTING RETAIL BUSINESS
    * TO INCREASE COMPANY'S SHARE CAPITAL BY UP TO EUR 318,667
TO UP
TO EUR 4,780,018 AGAINST CASH CONTRIBUTIONS, MAKING PARTIAL USE
OF AUTHORIZED CAPITAL
    * UP TO 318,667 NEW SHARES WILL BE ENTITLED TO DIVIDENDS
FROM
JANUARY 1, 2022
    * AND WILL BE ISSUED WITH STATUTORY SUBSCRIPTION RIGHT OF
SHAREHOLDERS AT A SUBSCRIPTION PRICE OF 16.00 EUROS PER NEW
SHARE
    * GROSS PROCEEDS OF CAPITAL INCREASE WILL THEREFORE AMOUNT
TO UP
TO 5,098,672 EUROS FOR COMPANY
    * CASH GENERATED FROM CAPITAL INCREASE WILL BE USED TO BUILD
UP
COMPANY'S OWN SPORTS BETTING RETAIL BUSINESS
    * SUBSCRIPTION RATIO IS 14:1
    * NEW SHARES ARE TO BE OFFERED TO SHAREHOLDERS FOR
SUBSCRIPTION
DURING SUBSCRIPTION PERIOD, WHICH IS EXPECTED TO RUN FROM
JANUARY 3, 2022 TO JANUARY 24, 2022
    * MANAGEMENT BOARD ALREADY HAS A BINDING COMMITMENT FROM AN
INSTITUTIONAL INVESTOR TO SUBSCRIBE FOR 100,000 NEW SHARES
    * WILL BE SERVICED IF EXISTING SHAREHOLDERS DO NOT EXERCISE
THEIR
SUBSCRIPTION RIGHTS IN THE CORRESPONDING AMOUNT
    * COMPANY DOES NOT ORGANIZE TRADING IN SUBSCRIPTION RIGHTS
FOR
REASONS OF COST AND PROXIMITY OF SUBSCRIPTION PRICE TO CURRENT
SHARE PRICE LEVEL

Source text for Eikon:  ID:nEQ4hCr8Pa 
Further company coverage:  EMHn.DE 

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