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Sporttotal AG
Share Issue/Capital Change • Nov 6, 2017
4529_rns_2017-11-06_d8ffdd73-7096-4387-a626-68d015010259.html
Share Issue/Capital Change
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Ad-hoc | 6 November 2017 17:53
SPORTTOTAL AG: SPORTTOTAL AG decides Capital Increase
SPORTTOTAL AG / Key word(s): Capital Increase
SPORTTOTAL AG: SPORTTOTAL AG decides Capital Increase
06-Nov-2017 / 17:53 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 November 6, 2017 pursuant to Section 17 MAR .
SPORTTOTAL AG, ISIN: DE000A1EMG56 / WKN: A1EMG5
SPORTTOTAL AG decides Capital Increase
– Gross issuing proceeds of up to around EUR 7.98 million envisaged
– Funds earmarked for growth financing of sporttotal.tv
Cologne, November 6, 2017. With the approval of the Supervisory Board, the Management Board of Cologne-based _SPORTTOTAL AG has today decided on a capital increase from Authorized Capital, to the exclusion of shareholder subscription rights.
The capital stock is to be raised from currently EUR 19,468,663 by up to EUR 1,946,666.00 against cash contribution through issuing up to 1,946,666 new no-par value bearer stocks representing a pro rata amount in the capital stock of EUR 1.00 per stock. The new stocks qualify for profit participation from January 1, 2017 onward.
The placement price was fixed at EUR 4.10 per stock by the Management Board, with the approval of the Supervisory Board. The gross issuing proceeds would therefore amount to up to EUR 7.98 million. The new stocks will be offered for purchase to institutional investors in the context of a private placement in Germany and in other European countries.
The issuing proceeds from the capital increase are to be used to finance the growth of sporttotal.tv.
Company contact: SPORTTOTAL AG
Am Coloneum 2
50829 Cologne
Germany
www.sporttotal.com
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
06-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | SPORTTOTAL 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.sporttotal.com |
| 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 |