OTI Greentech AG
OTI Greentech AG informs about the current developments
DGAP-News: OTI Greentech AG
/ Key word(s): Miscellaneous
OTI Greentech AG informs about the current developments – Sufficient inventories to process orders – Order intake getting stronger in Asia again – EcoSolut order intake currently higher than in the previous year – Continuous analysis of developments to be able to react on short notice – Outstanding loan almost completely converted
By now, OTI could convert the outstanding loan almost completely. The registered share capital of the stock corporation amounts to EUR 7,257,458.00 at this time. The conversion price was EUR 1.00, whereby EUR 1.00 debt capital was converted into 1 share. The conversion price is therefore above the current price of the OTI Greentech stock, which is listed at the stock exchange at EUR 0.41 (closing price 22/03/2020). At this time, the technical implementation according to which the additional shares will become tradeable is being initiated. This means OTI is now largely debt-free with the exception of a few credit lines in Uniservice Unisafe and small loan amounts in the other companies. Preliminary figures for the year 2019 will be published in the coming weeks. The financial report will be published on 15 June 2020. Dr John C. Kisalus, CEO of OTI Greentech AG, explains: “2019 was a year of reorganisation, which we have accomplished to close successfully. 2020 brings many challenges relating to COVID-19 for which there are no real comparisons, but we have started the year positively and hope that we will be able to continue this positive development.”
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25.03.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | OTI Greentech AG |
Friedrichstraße 79 | |
10117 Berlin | |
Germany | |
Phone: | +49 30 887 865 62 |
Fax: | +49 30 690 884 88 |
E-mail: | info@oti.ag |
Internet: | www.oti.ag |
ISIN: | DE000A2TSL22 |
WKN: | A2TSL2 |
Listed: | Regulated Unofficial Market in Dusseldorf |
EQS News ID: | 1006575 |
End of News | DGAP News Service |