Brief: TubeSolar Decides On Capital Increase With Subscription Rights

Tubesolar AG

26/11/2020 09:56

Nov 26 (Reuters) - TUBESOLAR AG  9TS.D :
    * DECIDES ON ANNOUNCED CAPITAL INCREASE WITH SUBSCRIPTION
RIGHTS -
MAJOR SHAREHOLDER GUARANTEES THE CAPITAL INCREASE IN FULL
    * IS TO BE INCREASED BY A NOMINAL AMOUNT OF UP TO EUR
1,000,000 TO
UP TO EUR 11,000,000.
    * NEW SHARES ARE RETROACTIVELY ENTITLED TO DIVIDENDS AS OF
JANUARY
1, 2020.
    * SUBSCRIPTION AT A RATIO OF 10 (EXISTING SHARES) TO 1 (NEW
SHARE)
IN A PUBLIC OFFERING AT A SUBSCRIPTION PRICE OF EUR 6.00 PER NEW
SHARE
    * PROCEEDS FROM CAPITAL INCREASE WILL BE USED IN PARTICULAR
TO
FINANCE DEVELOPMENT OF HIGHLY AUTOMATED PRODUCTION AND FURTHER
GROWTH OF TUBESOLAR AG, INCLUDING A POSSIBLE ACQUISITION OF AN
EQUITY INTEREST

Source text for Eikon:  ID:nEQ7f8v43a 
Further company coverage:  9TS.D 

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