Brief: Tubesolar Increases Share Capital By EUR 1 Mln

Tubesolar AG

03/12/2020 14:59

Dec 3 (Reuters) - TubeSolar AG  9TS.D :
    * TUBESOLAR AG STARTS CAPITAL INCREASE - SUBSCRIPTION PERIOD
BEGINS ON 8 DECEMBER - MAJOR SHAREHOLDER GUARANTEES THE CAPITAL
INCREASE IN FULL
    * SHAREHOLDERS WILL BE OFFERED UP TO 1,000,000 NEW SHARES
FOR
SUBSCRIPTION AT A RATIO OF 10 (EXISTING SHARES) TO 1 (NEW SHARE)
AT A SUBSCRIPTION PRICE OF EUR 6.00 PER NEW SHARE
    * SHARE CAPITAL OF TUBESOLAR AG WILL BE INCREASED BY A
NOMINAL
AMOUNT OF UP TO EUR 1,000,000 TO UP TO EUR 11,000,000
    * SUBSCRIPTION PERIOD BEGINS ON TUESDAY, 8 DECEMBER AND RUNS
UNTIL
22 DECEMBER 2020 INCLUSIVE
    * PROCEEDS 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:nEQ5zwDRja 
Further company coverage:  9TS.D 

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