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PU11 - Social Chain AG News Story

€26.8 1.7  6.8%

Last Trade - 4:36pm

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 Resolves Amount Of Newly Issued Shares And Placement Price For New Shares

Wed 24th November, 2021 7:36am
Nov 24 (Reuters) - SOCIAL CHAIN AG  PU11n.DE :
    * RESOLVES AMOUNT OF NEWLY ISSUED SHARES AND PLACEMENT PRICE
FOR
NEW SHARES
    * COMPANY WILL THEREFORE RECEIVE GROSS OFFERING PROCEEDS
FROM
CAPITAL INCREASE IN AN AMOUNT OF EUR 53.1 MILLION
    * ALL NEW SHARES WERE ISSUED BY WAY OF A PRIVATE PLACEMENT
AT A
PRICE OF EUR 46.40 PER NEW SHARE TO SELECTED INSTITUTIONAL
INVESTORS
    * MANAGEMENT BOARD TODAY RESOLVED WITH APPROVAL OF
SUPERVISORY
BOARD TO INCREASE REGISTERED SHARE CAPITAL OF COMPANY AGAINST
CASH CONTRIBUTION FROM EUR 11,453,247.00 TO NEW REGISTERED SHARE
CAPITAL OF EUR 12,598,571.00 BY ISSUING 1,145,324 NEW REGISTERED
SHARES
    * COMPANY WILL USE NET OFFERING PROCEEDS FOR PARTIAL
FINANCING OF
ACQUISITION OF DS HOLDING GMBH
    * COMPANY WILL THEREFORE RECEIVE GROSS OFFERING PROCEEDS
FROM
CAPITAL INCREASE IN AN AMOUNT OF EUR 53.1 MILLION
    * FIRST DAY OF TRADING AND DELIVERY OF NEW SHARES TO
INVESTORS
SHALL BE ON OR AROUND 29 NOVEMBER 2021
    * ADMISSION OF NEW SHARES TO TRADING AT REGULATED MARKET
SEGMENT
OF FRANKFURT STOCK EXCHANGE IS EXPECTED ON OR AROUND 25 NOVEMBER
2021

Source text for Eikon:  ID:nEQ7dlBbKa 
Further company coverage:  PU11n.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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