The Social Chain AG
- WKN: A1YC99
- ISIN: DE000A1YC996
- Land: Deutschland
Nachricht vom 06.12.2019 | 17:14
The Social Chain AG: The Social Chain AG successfully concludes non-cash capital increase from authorised capital and acquires all shares in URBANARA GmbH, Berlin, Germany
The Social Chain AG / Key word(s): Capital Increase/Takeover Publication Pursuant to Article 17 MAR The Social Chain AG successfully concludes non-cash capital increase from authorised capital and acquires all shares in URBANARA GmbH, Berlin, Germany Berlin, December 6, 2019 - With the approval of the Supervisory Board, the Management Board of The Social Chain AG (WKN: A1YC99, ISIN: DE000A1YC996, ticker: PU11) (the "Company") has resolved today to increase the Company's share capital with exclusion of shareholders' subscription rights. The capital increase shall be effected against contribution in kind with partial utilization of the existing authorized capital pursuant to Section 3 (6) of the Articles of Association of the Company. The Company's share capital will be increased from currently EUR 9,944,118.00 to EUR 10,114,118.00 through the issue of 170,000 new no-par- value registered shares with a notional value in the share capital of EUR 1.00 per share. Only the sole shareholder of URBANARA GmbH, Odyssee Holding GmbH with registered seat in Berlin, is authorised to subscribe for the 170,000 new shares to be issued. In return, Odyssee Holding GmbH will contribute the entire share capital in URBANARA GmbH to the Company on the basis of a contribution agreement already concluded within the scope of the aforementioned capital increase through contribution in kind. The total of 170,000 new shares will be issued at an issue price of EUR 23.00 per share.
About THE SOCIAL CHAIN AG As the first integrated social media company, THE SOCIAL CHAIN AG combines social media and social commerce, integrated through its own tech platform LINKS. The company is a pioneer in the creation, development and scaling of social media brands. The company's headquarters are in Berlin with additional offices in Manchester, London, New York and Munich.
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06-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | The Social Chain AG |
Gormannstraße 22 | |
10119 Berlin | |
Germany | |
Phone: | +49 (0)30 120840112 |
E-mail: | office@lumaland.com |
Internet: | www.lumaland.com |
ISIN: | DE000A1YC996 |
WKN: | A1YC99 |
Listed: | Regulated Unofficial Market in Dusseldorf |
EQS News ID: | 930767 |
End of Announcement | DGAP News Service |
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