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Sporttotal AG
Share Issue/Capital Change • Mar 17, 2016
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Share Issue/Capital Change
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Corporate | 17 March 2016 15:35
_wige MEDIA AG: capital increase fully placed
DGAP-News: _wige MEDIA AG / Key word(s): Capital Increase
2016-03-17 / 15:35
The issuer is solely responsible for the content of this announcement.
NOT FOR DISTRIBUTION, PUBLICATION OR DISSEMINATION, EITHER IN PART OR IN FULL, INTO, IN OR FROM COUNTRIES WHERE SUCH DISTRIBUTION, PUBLICATION OR DISSEMINATION WOULD CONSTITUTE A VIOLATION OF THE RESPECTIVE LEGAL PROVISIONS OF THESE COUNTRIES
The following release has been published as an ad-hoc announcement in
German on March 16, 2016.
_wige MEDIA AG: capital increase fully placed
– Gross issuing proceeds of around EUR 3.3 million
– Issue heavily oversubscribed
– Use of funds earmarked for digitalization and internationalization
_wige MEDIA AG has placed all new shares from the capital increase from Authorized Capital announced on 26 February 2016. The capital increase was heavily oversubscribed. Gross issuing proceeds amount to approximately EUR 3.3 million.
During the placement process with shareholder subscription rights from Authorized Capital, 1,974,206 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 1.70 per share. Shares purchased outside the scope of shareholder subscription rights were offered to selected qualified institutional investors in Germany and other European countries by way of an invitation not open to the public. The new shares qualify for profit from 1 January 2015 onwards. The share capital has therefore been raised by EUR 1,974,206.00 to EUR 14,726,329.
Entry of the capital increase into the commercial register of the Cologne Local Court is expected to take place on 17 March 2016. Admission of the new shares to stock exchange trading on the regulated market (General Standard) of the Frankfurt Stock Exchange is anticipated on 18 March 2016, with the inclusion of the new shares in the existing listing scheduled by 21 March 2016.
The net proceeds from the capital increase are to be used in particular for the takeover of up to 68.3% of the stock in the Munich-based sport media group in which _wige MEDIA AG already holds 16.7%. The sport media group operates the motorsport-total.com and formel1.de portals. In addition, the funds are to be deployed for the potential advance financing of major new projects currently at the acquisition stage. The motorsport-total.com and formel1.de portals are part of _wige MEDIA AG’s digitalization strategy. The company intends to forge ahead with the major projects planned.
The capital increase was supported by ODDO SEYDLER BANK AG as sole global coordinator and book runner.
_wige MEDIA AG
The Management Board
Company contact:
_wige MEDIA AG
Am Coloneum 2
50829 Cologne, Germany
www.wige.de /// http://www.wige.de/company/?lang=en
Tel: +49 [0] 221-7 88 77-0
Fax: +49 [0] 221-7 88 77- 199
Investor Relations
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel.: +49 [0] 2154-8122-16
Contact:
Company:
_wige MEDIA AG
Am Coloneum 2
50829 Köln
Germany
www.wige.de
Tel: +49 [0] 221_7 88 77_ 0
Fax: +49 [0] 221_7 88 77_ 199 Email: [email protected]
Investor Relations:
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel.: +49 [0] 2154_ 81 22 16
Email: [email protected]
2016-03-17 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and 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 |
| End of News | DGAP News Service |