Brief: TTL Information Technology: refinancing and balance sheet reconstruction

TTL Beteiligungs und Grundbesitz AG

07/11/2016 07:34

Nov 7(Reuters) - TTL Information Technology AG  TTOG.F : 
    * Said on Friday had agreed with AR Holding GmbH on an 
agreement on refinancing and balance sheet reconstruction of TTL 
Information Technology  
    * AR Holding GmbH has committed itself, within framework of 
a planned capital increase of TTL, to subscribe in capital 
increase with exclusion of shareholders' subscription rights, to 
1.25 million new shares of TTL at issue price of 1.00 euro per 
share 
    * As consideration other than in cash, approx. 12.5 pct 
interest in DIC Capital Partners (Europe) GmbH will be 
introduced 
    * TTL expects future profit distributions from this 
shareholding that will enable it to meet its liquidity 
requirements in the medium term 
    * As a result of the capital increase, the reported equity 
of TTL is expected to rise to approx. 4.8 million euros 
 
     
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