Brief: Tronics Announces Successful Completion Of EUR 28.9 Mln Capital Increase

Tronics Microsystems SA

30/11/2021 17:11

Nov 30 (Reuters) - TRONICS MICROSYSTEMS SA  ALTRO.PA : 
    * TRONICS ANNOUNCES SUCCESSFUL COMPLETION OF EUR 28.9
MILLION
CAPITAL INCREASE
    * PROCEEDS OF CAPITAL INCREASE WILL BE USED TO RESTORE
TRONICS'
FINANCIAL POSITION, BY REBUILDING ITS CURRENTLY NEGATIVE
SHAREHOLDERS' EQUITY, AND TO ENABLE COMPANY TO CONTINUE TO GROW
ITS BUSINESS
    * AT END OF SUBSCRIPTION PERIOD ON NOVEMBER 25, 2021, FINAL
GROSS
AMOUNT OF CAPITAL INCREASE (INCLUDING EUR5,360,884.00 NOMINAL
AMOUNT AND EUR23,587,889.60 SHARE PREMIUM) CAME TO
EUR28,948,773.60
    * UPON COMPLETION OF CAPITAL INCREASE, MAIN SHAREHOLDERS TDK
ELECTRONICS AG AND THALÈS AVIONICS WILL RESPECTIVELY HOLD 87.3%
AND 10.1% OF TRONICS' SHARE CAPITAL
    * TOTAL DEMAND AMOUNTED TO AROUND EUR 30.0 MILLION
    * SETTLEMENT/DELIVERY OF NEW SHARES AND THEIR ADMISSION TO
TRADING
ON EURONEXT GROWTH PARIS REGULATED MARKET WILL TAKE PLACE ON
DECEMBER 2, 2021
    * NEW SHARES WILL CARRY FULL DIVIDEND RIGHTS AS OF ISSUANCE
AND
WILL CONFER ENTITLEMENT AS OF ISSUANCE TO ALL DISTRIBUTIONS
DECIDED BY COMPANY FROM THAT DATE
    * UPON COMPLETION OF CAPITAL INCREASE, MAIN SHAREHOLDERS TDK
ELECTRONICS AG AND THALÈS AVIONICS WILL RESPECTIVELY HOLD 87.3%
AND 10.1% OF TRONICS' SHARE CAPITAL
    * ISSUANCE OF 5,360,884 NEW SHARES AT A SUBSCRIPTION PRICE
OF
EUR5.40 PER SHARE
    * UPON COMPLETION OF CAPITAL INCREASE, SHARE CAPITAL WILL
AMOUNT
TO EUR9,046,492 AND WILL BE COMPOSED OF 9,046,492 SHARES WITH A
PAR VALUE OF EUR1 EACH

Source text for Eikon:  ID:nACT72165 
Further company coverage:  ALTRO.PA   6762.T 

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