SLEEPZ AG
SLEEPZ AG: Capital increase from authorised capital for issuance to strategic partner Heliad Equity Partners GmbH & Co. KGaA, Cubitabo acquisition
SLEEPZ AG / Key word(s): Capital Increase/Investment SLEEPZ AG: Capital increase from authorised capital for issuance to strategic partner Heliad Equity Partners GmbH & Co. KGaA, Cubitabo acquisition This capital increase is directly connected with the previously announced intention of acquiring Cubitabo GmbH (“Cubitabo”) (see ad-hoc disclosure dated 12 October 2017). For this purpose, a participation agreement is expected to be concluded today that stipulates, among other things, the contribution of all Cubitabo business shares to sleepz Home GmbH (“sleepz Home”), a subsidiary of SLEEPZ AG, based on an enterprise value for Cubitabo in the mid single-digit millions. The participation agreement also includes a fundamental agreement to contribute all business shares in sleepz Home not yet held by SLEEPZ AG to SLEEPZ AG as far as possible in a further step after the measure has been entered in the commercial register of sleepz Home, probably in early 2018, as part of a capital increase for contributions in kind using authorised capital. An expert valuation is to be obtained in order to confirm the appropriate exchange ratio to be determined in this context between the up to 288,809 sleepz Home business shares to be contributed and the new SLEEPZ shares to be issued. At present, the Executive Board is anticipating a basis for the valuation of EUR 1.80 for the SLEEPZ share and the issue of up to 4,011,236 new SLEEPZ shares. Disclosing person Contact: Corinna Riewe, Investor Relations, +49-30-20305567, cr@sleepz.com
18-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | SLEEPZ AG |
Schlüterstraße 38 | |
10629 Berlin | |
Germany | |
Phone: | +49 (0)30 20 305-0 |
Fax: | +49 (0)30 20 305-555 |
E-mail: | ir@sleepz.com |
Internet: | www.sleepz.com |
ISIN: | DE000A2E3772, DE000A2E4L59 |
WKN: | A2E377, A2E4L5 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; Warschau |
End of Announcement | DGAP News Service |