SPORTTOTAL AG
_wige MEDIA AG: Capital Increase fully placed
_wige MEDIA AG / Key word(s): Capital Increase
– Gross issuing proceeds of around EUR 4,020,720.00 million – Issue heavily oversubscribed – Funds earmarked for investment in sporttotal.tv
During the placement process with shareholder subscription rights from Authorized Capital, 1,608,288 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 2.50 per share (the “New Shares“). Shares purchased outside the scope of shareholder subscription rights were offered to selected institutional investors in Germany and other European companies by way of an invitation not open to the public. The new shares qualify for profit participation from January 1, 2017 onward. The share capital has therefore been raised by EUR 1,608,288.00, from EUR 17,691,175.00 to EUR 19,299,463.00. Entry of the capital increase into the commercial register of the Cologne Local Court is expected to take place on April 7, 2017. Admission of the New Shares to stock exchange trading on the regulated market (General Standard) of the Frankfurt Stock Exchange is anticipated on April 7, 2017, with the inclusion of the New Shares in the existing listing scheduled for April 10, 2017. The net proceeds from the capital increase are to be used to strengthen the working capital basis, in particular, however, for investments in developing the company of subsidiary sporttotal.tv. _wige MEDIA AG The Management Board
Company contact:
06-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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: | info@wige.de |
Internet: | www.wige.de |
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 |