Manz AG - Capital/Financing Update 2024

News Details

Ad-hoc | 24 October 2024 16:38

Manz AG places cash capital increase in the amount of 20% of the share capital with Mr. Eng Kee Tan, the majority shareholder of Greatech Technology Berhad

Manz AG / Key word(s): Corporate Action

Manz AG places cash capital increase in the amount of 20% of the share capital with Mr. Eng Kee Tan, the majority shareholder of Greatech Technology Berhad

24-Oct-2024 / 16:38 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Manz AG places cash capital increase in the amount of 20% of the share capital with Mr. Eng Kee Tan, the majority shareholder of Greatech Technology Berhad

Reutlingen, 24 October 2024 – The Management Board of Manz AG (ISIN: DE000A0JQ5U3), with the approval of the Supervisory Board, resolved to issue 1,708,514 new shares (corresponding to 20% of the share capital) against cash contributions in the course of a capital increase by partially utilizing the authorized capital 2024 and excluding shareholders’ subscription rights. The new shares were subscribed by Mr. Eng Kee Tan, Penang (Malaysia), at a placement price of 5.80 EUR per share. Mr. Tan is the founder and majority shareholder of Malaysia-based Greatech Technology Berhad which provides automation solutions in the design, development and production of systems, machines and plants. The company’s share capital will increase from 8,542,574.00 EUR by 1,708,514.00 EUR to 10,251,088.00 EUR after the implementation of the capital increase. The proceeds from the capital increase of 9.9 million EUR (less transaction costs) serves to cover the capital requirements for Manz AG’s business activities.

Information:

ISIN: DE000A0JQ5U3

WKN: A0JQ5U

Ticker symbol: M5Z

Market segment: Regulated market (Prime Standard) of the Frankfurt Stock Exchange

Manz AG

Steigäckerstraße 5

72768 Reutlingen

Germany

Contact:

Manz AG

Katrin Neuffer

Tel.: +49 (0)7121 – 9000-395

E-Mail: [email protected]

Kirchhoff Consult AG

Michael Werneke

Tel.: +49 (0)40 – 609 186 68

E-Mail: [email protected]

End of Inside Information

24-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Manz AG
	Steigäckerstr. 5
	72768 Reutlingen
	Germany
Phone:	+49 (0) 7121 9000-0
Fax:	+49 (0) 7121 9000-99
E-mail:	[email protected]
Internet:	http://www.manz.com
ISIN:	DE000A0JQ5U3
WKN:	A0JQ5U
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	2015639