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V3S - Vectron Systems AG News Story

€13.22 0.1  0.5%

Last Trade - 7:45am

Sector
Technology
Size
Small Cap
Market Cap £91.1m
Enterprise Value £84.0m
Revenue £23.8m
Position in Universe 749th / 1046

BRIEF-Vectron Systems Resolves Capital Increase From Authorized Capital

Mon 3rd February, 2020 4:43pm
Feb 3 (Reuters) - VECTRON SYSTEMS AG  V3SG.DE :
    * RESOLVES CAPITAL INCREASE FROM AUTHORIZED CAPITAL
AMOUNTING TO
AROUND APPROX. 10 PER CENT
    * SHARE CAPITAL OF VECTRON AG IS TO BE INCREASED BY UP TO
EUR
727,319.00
    * INCREASE WILL BE EFFECTED AGAINST CASH CONTRIBUTIONS BY
ISSUING
UP TO 727,319 NEW BEARER SHARES
    * SHARE CAPITAL WILL INCREASE FROM EUR 7,291,859.00 TO UP TO
EUR
8,019,178.00 WHEN ALL NEW SHARES ARE ISSUED
    * NEW SHARES ARE TO BE OFFERED TO QUALIFIED INVESTORS BY
MEANS OF
A PRIVATE PLACEMENT USING AN ACCELERATED BOOKBUILDING PROCESS
    * ACCELERATED BOOKBUILDING PROCESS WILL BE LAUNCHED
IMMEDIATELY
AFTER THIS ANNOUNCEMENT
    * NEW SHARES ARE TO BE ADMITTED TO TRADING ON OPEN MARKET
(SCALE
SEGMENT) OF FRANKFURT STOCK EXCHANGE WITHOUT A PROSPECTUS
    * ADMISSION AND DELIVERY OF NEW SHARES ARE EXPECTED TO TAKE
PLACE
ON 07 FEBRUARY 2020
    * NET PROCEEDS FROM CAPITAL INCREASE ARE TO BE USED TO
PRE-FINANCE
GROWTH OF HIGH-MARGIN DIGITAL SERVICES BUSINESS, SUBSTANTIALLY
INCREASING MONTHLY RECURRING REVENUES
    * HAUCK & AUFHÄUSER WILL ACT AS SOLE BOOKRUNNER FOR
PLACEMENT

Source text for Eikon:  ID:nEQ50Yglda 
Further company coverage:  V3SG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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