Brief: WCM Beteiligungs-Und Grundbesitz Says TLG Immobilien AG Subscribes To Increase Its Stake And Capital In Co

WCM Beteiligungs und Grundbesitz AG

31/05/2021 20:14

May 31 (Reuters) - WCM Beteiligungs und Grundbesitz AG
 WCMKk.DE :
    * DGAP-ADHOC: TLG IMMOBILIEN AG SUBSCRIBES TO CAPITAL
INCREASE AND
INCREASES ITS STAKE IN WCM BETEILIGUNGS- UND
GRUNDBESITZ-AKTIENGESELLSCHAFT
    * CO SHALL ISSUE 13,680,255 NO-PAR VALUE BEARER SHARES TO
TLG
IMMOBILIEN AG AT A PRICE OF EUR 4.95 PER NEW SHARE
    * COMPANY WILL RECEIVE GROSS ISSUE PROCEEDS OF APPROXIMATELY
EUR
68 MILLION
    * AFTER COMPLETION OF CAPITAL INCREASE, TLG WILL HOLD
APPROXIMATELY 94.94% OF CAPITAL STOCK OF COMPANY
    * WCM INTENDS TO USE EXPECTED NET PROCEEDS FROM CAPITAL
INCREASE
FOR GENERAL CORPORATE FINANCE PURPOSES

Source text for Eikon:  ID:nEQ8nhnsQa 
Further company coverage:  WCMKk.DE 

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