SPORTTOTAL AG: Annual General Meeting paves the way for financing further expansion
DGAP-News: SPORTTOTAL AG
/ Key word(s): AGM/EGM
Corporate News SPORTTOTAL AG: Annual General Meeting paves the way for financing further expansion - Annual General Meeting approves new Authorised Capital and the issuance of convertible bonds - Ralf Reichert affirmed as new Supervisory Board member - Strategic focus on expansion in the DIGITAL segment Cologne, 9 October 2020. SPORTTOTAL AG's Annual General Meeting, which took place this year for the first time in a digital format and was broadcast from company headquarters in Cologne, has paved the way for financing SPORTTOTAL's further expansion. With the approval of the new Authorised Capital of €15.5 million and Contingent Capital for the issuance of convertible bonds in an amount of up to around €50 million, the Annual General Meeting has given the company full flexibility in financing its expansion plans. This underscores the trust of the shareholders in SPORTTOTAL's business model despite the operational and market-related challenges. All the proposals put forward by management were approved by a large majority of the voting capital present. Ralf Reichert was affirmed by the annual General Meeting as a member of the Supervisory Board. As CEO Peter Lauterbach explained in his speech, SPORTTOTAL intends to concentrate on futher expanding in the DIGITAL segment in the months ahead, while using the AI-based camera system developed in-house. Discharge granted to the Management Board and Supervisory Board RSM GmbH selected as external auditor
SPORTTOTAL AG Am Coloneum 2
Investor Relations
09.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | SPORTTOTAL 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@sporttotal.com |
Internet: | www.sporttotal.com |
ISIN: | DE000A1EMG56 |
WKN: | A1EMG5 |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
EQS News ID: | 1140050 |
End of News | DGAP News Service |
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1140050 09.10.2020