Brief: UMT adopts cash and non-cash capital increase

UMT United Mobility Technology AG

27/07/2017 13:00

July 27 (Reuters) - UMT UNITED MOBILITY TECHNOLOGY AG 
 UMD.DE  
    * DGAP-ADHOC: UMT AG ADOPTS CASH AND NON-CASH CAPITAL 
INCREASE TO FINANCE GROWTH AND STRENGTHEN ITS CAPITAL BASE 
    * SHARES WILL BE SUBSCRIBED EXCLUSIVELY BY SWM TREUHAND AG 
WIRTSCHAFTSPRÜFUNGSGESELLSCHAFT 
    * CAPITAL STOCK IS TO BE INCREASED BY EUR 1.2 MILLION TO 
EUR 18.7 MILLION 
    * BOARD HAS CONCLUDED THAT OPPORTUNITY TO PLACE SHARES AT A 
PRICE OF EUR 1.50 PER SHARE IS IN COMPANY'S INTEREST 
    * CAPITAL STOCK OF UMT UNITED MOBILITY TECHNOLOGY IS TO BE 
RAISED BY ANOTHER EUR 2.3 MILLION TO A TOTAL OF EUR 21.0 MILLION 
 
Source text for Eikon:  ID:nEQ3gbHy8a  
Further company coverage:  UMD.DE  
 
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