GESCO AG plans cash capital increase
Wuppertal, 20 March 2017 - The Executive Board of GESCO AG, which is listed in the Prime Standard, plans to conduct a cash capital increase out of the authorised capital of up to 10 % of the share capital at the time of the resolution of the Annual General Meeting on the authorised capital subject to the exclusion of the shareholders' subscription rights and to place the up to 864,499 new shares with institutional investors by means of accelerated bookbuilding. The new shares are expected to have full dividend rights for financial year 2016/2017, meaning from 1 April 2016. The Executive Board and Supervisory Board of GESCO AG are expected to adopt a resolution concerning the implementation of the cash capital increase on 21 March 2017 once investors have been contacted.
equinet Bank AG will be acting as sole lead manager and sole bookrunner for the transaction.
The proceeds from the capital increase will be used to further strengthen GESCO AG's equity following the acquisition of the Pickhardt & Gerlach Group, Finnentrop, which took place in January 2017 and broaden the platform for the further internal and external growth of the GESCO Group.
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Investor Relations, Oliver Vollbrecht Tel. +49 202 24820-18, Fax +49 202 24820-49 E-mail: firstname.lastname@example.org, Internet: www.gesco.de
20-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: Gesco AG Johannisberg 7 42103 Wuppertal
Germany Phone: +49 (0)202 248200 Fax: +49 (0)202 2482049 E-mail: email@example.com Internet: www.gesco.de ISIN: DE000A1K0201 WKN: A1K020 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
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