Brief: Tubesolar Resolves Capital Increase

Tubesolar AG

22/02/2021 14:36

Feb 22 (Reuters) - TUBESOLAR AG  9TS.F :
    * RESOLVES CAPITAL INCREASE AGAINST CASH CONTRIBUTIONS WITH
EXCLUSION OF SUBSCRIPTION RIGHTS
    * SHARE CAPITAL OF COMPANY IS TO BE INCREASED FROM CURRENTLY
EUR
11,000,000.00 TO UP TO EUR 12,000,000.00 BY ISSUING UP TO
1,000,000 NEW NO-PAR VALUE BEARER SHARES AGAINST CASH
CONTRIBUTIONS
    * NEW SHARES WILL BE ENTITLED TO PARTICIPATE IN PROFITS
RETROACTIVELY FROM 1 JANUARY 2020
    * NEW SHARES WILL BE OFFERED EXCLUSIVELY TO SELECTED
INVESTORS IN
A PRIVATE PLACEMENT
    * EXPECTED PROCEEDS FROM CAPITAL INCREASE WILL BE USED TO
FURTHER
FINANCE DEVELOPMENT OF HIGHLY AUTOMATED PRODUCTION OF TUBESOLAR
PV MODULES AND FURTHER GROWTH OF TUBESOLAR AG

Source text for Eikon:  ID:nEQ81YDSZa 
Further company coverage:  9TS.F 

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