OTI Greentech AG

  • WKN: A2TSL2
  • ISIN: DE000A2TSL22
  • Land: Deutschland

Nachricht vom 05.12.2019 | 09:36

OTI Greentech AG: Conversion of convertible bonds into shares completed

DGAP-News: OTI Greentech AG / Key word(s): Bond
05.12.2019 / 09:36
The issuer is solely responsible for the content of this announcement.

OTI Greentech AG: Conversion of convertible bonds into shares completed

 

Berlin, 5 December 2019 - OTI Greentech AG (ISIN DE000A2TSL22), an international provider of innovative and sustainable chemicals and services for industrial applications listed on the over-the-counter market of the Düsseldorf stock exchange, announces that all convertible bonds with a total amount of EUR 2.9 million were converted into new ordinary bearer shares of OTI Greentech AG at a ratio of EUR 1 debt to 1 share. The conversion price is above the current market price of the OTI Greentech share of EUR 0.52 (closing price 03.12.2019). The share capital of OTI Greentech AG will amount to EUR 4,698,602.00 divided into 4,698,602 shares after the registration of this transaction.

With the successful conversion OTI fulfilled both the condition for the lenders' commitments to convert loans into shares of OTI Greenteh AG (see Ad-hoc dated May 31, 2019) as well as an essential requirement for the planned full acquisition of KMI Cleaning Solutions Inc. (see Ad-hoc dated May 16, 2019).

Dr. John C. Kisalus, CEO of OTI Greentech AG, explains: " The complete conversion at 1 Euro is a great sign of confidence in our business development on the part of creditors who now became important shareholders of the company. The conversion is an important step for further debt reductions and the planned acquisition of KMI Cleaning Solutions Inc."


About OTI Greentech AG

OTI Greentech's patented surfactant based technology provides innovative sustainable and cost-efficient solutions for various industrial cleaning challenges, with potential for application in land remediation. Through its subsidiaries OTI Greentech Innovative Solutions and Uniservice Unisafe, OTI Greentech has more than 30 years of experience. OTI Greentech Innovative Solutions offers innovative, environmentally friendly products and solutions for the cleaning and decontamination of oil-based contaminants, and is the owner of the patented ECOSOLUT product line. Through Uniservice Unisafe a full range of products and services are provided to the global shipping industry in all major ports worldwide. Through its joint venture in the USA, the group offers innovative, sustainable and tailor-made solutions to its customers in land-based industrial cleaning. The OTI Greentech group currently has over 20 employees in Europe and the USA. The shares of OTI Greentech AG are listed on the over-the-counter markets of the Düsseldorf Stock Exchange (WKN A2TSL2). Corporate headquarters are located in Berlin, Germany.

 

Contact:

OTI Greentech AG
Dr. John C. Kisalus, CEO
info@oti.ag
Tel. +49 30 887 865 62
Friedrichstraβe 79
10117 Berlin

edicto GmbH
Axel Mühlhaus, Dr. Sönke Knop
sknop@edicto.de
Tel. +49 69 905505-52
Eschersheimer Landstraße 42-44
60322 Frankfurt



05.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

IPO im Fokus

MIT SICHERHEIT AUFS PARKETT. UNSER BÖRSENGANG ZUR WACHSTUMSBESCHLEUNIGUNG

ISIN: DE000A3CM708
Grundkapital (vor IPO): 3.120.000 EUR
Angebotene Aktien: bis zu 690.000 Aktien
Zeichnungsfrist: 11.10.2021 bis voraus. 25.10.2021
Bookbuildingspanne: 3,30 bis 3,60 Euro
Börse: Börse Düsseldorf

Rechtlich maßgeblicher Wertpapierprospekt auf sdm-se.de

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“

IIF – International Investment Forum

Wann: 14. Oktober 2021, 9:45 - 18:00 Uhr
Wo: Online Live-Event via ZOOM
Wer: börsennotierte Unternehmen aus den Small- und Midcap-Segmenten aller Welt
Branchen: Technologie, Rohstoffe, Sicherheit, Medizin, Logistik und Raumfahrt
Für: Alle Investoren & Presse
Weitere Informationen: www.ii-forum.com

Aktuelle Research-Studie

2G Energy AG

Original-Research: 2G Energy AG (von First Berlin Equity Research GmbH): Hinzufügen

15. Oktober 2021