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PU11 - Social Chain AG News Story

€26.6 1.5  6.0%

Last Trade - 4:16pm

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £326.3m
Enterprise Value £397.8m
Revenue £42.4m
Position in Universe 555th / 1058

BRIEF-Social Chain Plans Capital Increase Of Up To 10%

Fri 19th November, 2021 6:44am
Nov 19 (Reuters) - SOCIAL CHAIN AG  PU11n.DE :
    * AFTER SUCCESSFUL LISTING IN THE PRIME STANDARD: SOCIAL
CHAIN AG
PLANS CAPITAL INCREASE
    * PREPARATIONS FOR CASH CAPITAL INCREASE OF UP TO 10 PERCENT
OF
SHARE CAPITAL INITIATED
    * ACQUISITION OF DS GROUP IS EXPECTED TO BE COMPLETED BEFORE
END
OF DECEMBER 2021
    * OBJECTIVES: PARTIAL FINANCING OF DS TAKEOVER, MORE
LIQUIDITY FOR
SOCIAL CHAIN SHARES
    * AFTER COMPLETION OF TRANSACTION, SOCIAL CHAIN AG EXPECTS A
TOTAL
REVENUE OF MORE THAN EUR 620 MILLION (PROFORMA CONSOLIDATED) FOR
2021 FINANCIAL YEAR
    * EXPECTS CONSIDERABLE GROWTH: ALREADY FOR FINANCIAL YEAR
2023,
REVENUE OF MORE THAN ONE BILLION EUR IS TARGETED (SEE ALSO MEDIA
RELEASE FROM 19 OCTOBER 2021)

Source text for Eikon:  ID:nEQ78M6n5a 
Further company coverage:  PU11n.DE 

 (Gdansk Newsroom)
 ((Gdansk.Newsroom@thomsonreuters.com;))
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