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Sporttotal AG
Share Issue/Capital Change • Apr 6, 2017
4529_rns_2017-04-06_47075563-ac21-4779-89e8-37297813efb3.html
Share Issue/Capital Change
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Ad-hoc | 6 April 2017 17:03
_wige MEDIA AG: Capital Increase fully placed
_wige MEDIA AG / Key word(s): Capital Increase
06-Apr-2017 / 17:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc announcement of April 6, 2017, pursuant to Section 17 MAR
_wige MEDIA AG, ISIN: DE000A1EMG56 / WKN: A1EMG5
_wige MEDIA AG: capital increase fully placed
– Gross issuing proceeds of around EUR 4,020,720.00 million
– Issue heavily oversubscribed
– Funds earmarked for investment in sporttotal.tv
Cologne, April 6, 2017: _wige MEDIA AG has placed all the new shares from the capital increase from Authorized Capital announced on March 21, 2017. The capital increase was heavily oversubscribed. Gross issuing proceeds amount to approximately EUR 4,020,720.00 million.
During the placement process with shareholder subscription rights from Authorized Capital, 1,608,288 new no-par value bearer shares representing a pro rata amount in the share capital of EUR 1.00 per share were issued at a subscription price of EUR 2.50 per share (the “ New Shares “). Shares purchased outside the scope of shareholder subscription rights were offered to selected institutional investors in Germany and other European companies by way of an invitation not open to the public. The new shares qualify for profit participation from January 1, 2017 onward. The share capital has therefore been raised by EUR 1,608,288.00, from EUR 17,691,175.00 to EUR 19,299,463.00.
Entry of the capital increase into the commercial register of the Cologne Local Court is expected to take place on April 7, 2017. Admission of the New Shares to stock exchange trading on the regulated market (General Standard) of the Frankfurt Stock Exchange is anticipated on April 7, 2017, with the inclusion of the New Shares in the existing listing scheduled for April 10, 2017.
The net proceeds from the capital increase are to be used to strengthen the working capital basis, in particular, however, for investments in developing the company of subsidiary sporttotal.tv.
The capital increase was arranged by DZ BANK AG, Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, that acted as Sole Lead Manager and Sole Bookrunner.
_wige MEDIA AG
The Management Board
Company contact:
_wige MEDIA AG
Am Coloneum 2
50829 Cologne
Germany
www.wige.de
Tel.: +49 (0) 221-7 88 77-0
Fax: +49 (0) 221-7 88 77- 199
Investor Relations office:
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Gießerallee 6
47877 Willich
Germany
Tel.: +49 (0) 21 54 -8122-0
Fax: +49 (0) 2154-8122-11
06-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | _wige MEDIA AG |
| Am Coloneum 2 | |
| 50829 Köln | |
| Germany | |
| Phone: | +49 (0)221 7 88 77 0 |
| Fax: | +49 (0)221 7 88 77 199 |
| E-mail: | [email protected] |
| Internet: | www.wige.de |
| ISIN: | DE000A1EMG56 |
| WKN: | A1EMG5 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |