Brief: UMT United Mobility Technology Sells Shares In UMT Peaches Mobile And Decides On Capital Increase

UMT United Mobility Technology AG

22/11/2018 10:26

Nov 22 (Reuters) - UMT UNITED MOBILITY TECHNOLOGY AG
 UMD.DE :
    * SELLS SHARES IN UMT PEACHES MOBILE GMBH AND DECIDES ON
NON-CASH
CAPITAL INCREASE TO SUSTAINABLY STRENGTHEN EQUITY BASE
    * WILL EXERCISE OPTION TO BUY REMAINING SHARES IN UMT
PEACHES
MOBILE FROM MINORITY SHAREHOLDER
    * TO SUBSEQUENTLY SELL 100% OF SHARES IN UMT PEACHES MOBILE
GMBH
TO MAYFAIRCAPITAL
    * SHARE CAPITAL TO BE INCREASED FROM EUR 21,033,569.00 TO
EUR
23,533,569.00
    * ISSUE OF 2,500,000 NEW NO-PAR VALUE BEARER SHARES
    * NEW SHARES ARE TO BE FULLY SUBSCRIBED BY SWM TREUHAND AG
BY WAY
OF A PRIVATE PLACEMENT
    * CONTRIBUTION TO NEW SHARES WILL BE MADE THROUGH
CONTRIBUTION OF
LOAN RECEIVABLE OF EUR 2,500,000.00
    * CONTRIBUTION OF LOAN RECEIVABLE FROM UMT AG BY SWM
TREUHAND AG
WIRTSCHAFTSPRÜFUNGSGESELLSCHAFT

Source text for Eikon:  ID:nEQwNdQDa 
Further company coverage:  UMD.DE 

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