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PU11 - Social Chain AG News Story

€26.9 1.8  7.2%

Last Trade - 4:24pm

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

BRIEF-The Social Chain Resolves Capital Increase

Tue 23rd November, 2021 4:53pm
Nov 23 (Reuters) - SOCIAL CHAIN AG  PU11n.DE :
    * RESOLVES CAPITAL INCREASE AGAINST CASH CONTRIBUTIONS FROM
AUTHORIZED CAPITAL
    * MANAGEMENT BOARD OF SOCIAL CHAIN AG (WKN: A1YC99,
ISIN:DE000A1YC996, TICKER: PU11) TODAY RESOLVED WITH APPROVAL OF
SUPERVISORY BOARD TO INCREASE REGISTERED SHARE CAPITAL OF
COMPANY WITH EXCLUSION OF SHAREHOLDERS' SUBSCRIPTION RIGHTS BY
UP TO 10%
    * CAPITAL INCREASE AGAINST A CASH CONTRIBUTION SHALL BE
EFFECTED
THROUGH PARTIAL UTILIZATION OF EXISTING AUTHORIZED CAPITAL
    * REGISTERED SHARE CAPITAL OF COMPANY SHALL BE INCREASED
FROM EUR
11,453,247.00 BY ISSUING UP TO 1,145,324 NEW REGISTERED SHARES,
EACH REPRESENTING A PROPORTIONATE AMOUNT OF SHARE CAPITAL OF EUR
1.00, TO A NEW SHARE CAPITAL OF UP TO EUR 12,598,571.00
    * NEW SHARES SHALL BE OFFERED EXCLUSIVELY TO INSTITUTIONAL
INVESTORS BY WAY OF A PRIVATE PLACEMENT IN AN ACCELERATED
BOOKBUILDING, WHICH WILL BEGIN IMMEDIATELY AFTER PUBLICATION OF
THIS AD-HOC NOTICE AND CAN BE FINISHED SHORTLY
    * NEW SHARES ARE ELIGIBLE TO A SHARE IN PROFITS OF FINANCIAL
YEAR
2021 STARTING FROM 1 JANUARY 2021
    * NEW SHARES WILL BE ADMITTED TO TRADING WITHOUT A
PROSPECTUS ON
REGULATED MARKET SEGMENT OF FRANKFURT STOCK EXCHANGE AND
SUB-SEGMENT OF REGULATED MARKET WITH FURTHER POST-ADMISSION
OBLIGATIONS OF FRANKFURT STOCK EXCHANGE (PRIME STANDARD)
    * NET ISSUE PROCEEDS FROM CAPITAL INCREASE ARE TO BE USED
FOR
PARTIAL FINANCING OF ACQUISITION OF DS HOLDING GMBH BY COMPANY
    * COMPANY HAS AGREED WITH UNDERWRITERS ON A 90-DAY LOCK-UP
PERIOD
WITH MARKET STANDARD CONDITIONS. FIRST DAY OF TRADING FOR NEW
SHARES SHALL TAKE PLACE ON OR AROUND 29 NOVEMBER 2021

Source text for Eikon:  ID:nEQ64Jmtva 
Further company coverage:  PU11n.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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