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WashTec AG — AGM Information 2005
Jun 15, 2005
483_rns_2005-06-15_b9e18755-0b09-41fb-84d3-2a285309108d.html
AGM Information
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Ad-hoc | 15 June 2005 14:11
WashTec AG: Annual General Meeting resolves to increase share capital
WashTec AG / Key word(s): Issue of Equity/AGM/EGM
15.06.2005 / 14:11
Annual General Meeting resolves to increase share capital by EUR20 million to EUR40 million
EBT rose to EUR2.0 million in first five months
At today’s Annual General Meeting, a large majority of shareholders in WashTec AG voted to strengthen the Company’s equity base. In contrast to the original agenda item, the increase will be EUR10 million lower, thereby increasing the share capital by a further EUR20 million from EUR20 million to EUR40 million. As part of the resolved capital measure, a total of 7.6 million new bearer shares will be issued at a subscription ratio of 1:1. In the context of the transaction, the shareholders Edelmar Vermögensverwaltungs GmbH, Achernar Vermögensverwaltung GmbH and Augias Vermögensverwaltung GmbH, which currently hold around 37% of shares, will make a non-cash contribution by partially transferring the mezzanine loan granted to the WashTec Group.
The positive performance of WashTec AG also continued through the first five months. Sales increased by 4.7% from EUR81.6 million to EUR85.4 million. EBT improved significantly from minus EUR2.0 million to earnings of EUR2.0 million.
The Executive Board
Augsburg, 15 June 2005
Contact:
Karoline Kalb, Investor Relations
WashTec AG
Argonstraße 7
86153 Augsburg
Tel.: +49 (0)821 – 55 84 – 0
Fax: +49 (0)821 – 55 84 – 12 06
End of ad hoc announcement
15.06.2005 DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | WashTec AG |
| Argonstraße 7 | |
| 86153 Augsburg | |
| Germany | |
| Phone: | +49 (0)821 55 84-0 |
| Fax: | +49 (0)821 55 84-1135 |
| E-mail: | [email protected] |
| Internet: | www.washtec.de |
| ISIN: | DE0007507501 |
| WKN: | 750750 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 546 15.06.2005 |