Corestate Capital Holding S.A. resolves on capital increase against cash contributions
DGAP-Ad-hoc: Corestate Capital Holding S.A. / Key word(s): Capital Increase
Corestate Capital Holding S.A. resolves on capital increase against cash contributions - Issue of 4,186,382 new shares increases share capital by 19.5% - Placement at market price of € 17.82 per share - Issue by way of private placement - Proceeds from issue of € 74,601,327 to be used primarily to reduce net financial debt in the short term Luxembourg, 11 September 2020 - Today, the management board of Corestate Capital Holding S.A., with the approval of the supervisory board, resolved on a capital increase against cash contributions through partial utilization of authorised capital. The share capital will be increased by 4,186,382 new shares and thus by 19.5% to a total of € 1,924,952.15 under exclusion of shareholders' subscription rights by issuing new shares without nominal value. As part of a private placement, the new shares were placed at today's closing price of Corestate shares in Xetra trading on the Frankfurt Stock Exchange, i.e. at an amount of € 17.82 per share, by selected qualified investors. The proceeds from the issue amounting to € 74,601,327 are to be used primarily to reduce net financial debt in the short term. The capital measure also increases the entrepreneurial flexibility needed for further significant organic growth and a consistent return to pre-crisis levels of corporate profitability. The new shares will carry full dividend rights as from 1 January 2020. It is expected that the new shares will be admitted to trading without a prospectus on 17 September 2020 and will be included in the existing listing in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange on 18 September 2020. Following the private placement, Corestate Capital Holding S.A. will be subject to a 90-day lock-up period in line with market practice. The placement of the new shares was accompanied by Berenberg as Sole Global Coordinator. Notifying person: ******* Disclaimer: Information to Distributors Pursuant to EU product governance requirements, the Shares have been subject to a product approval process, under which each distributor has determined that such shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II (Directive 2014/65/EU); and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II. Any dis-tributor subsequently offering the Shares is responsible for undertaking its own target market as-sessment in respect of the shares and determining appropriate distribution channels.
11-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Corestate Capital Holding S.A. |
4, Rue Jean Monnet | |
L-2180 Luxembourg | |
Luxemburg | |
Phone: | +49 69 3535630-107 |
Fax: | +49 69 3535630-29 |
E-mail: | IR@corestate-capital.com |
Internet: | www.corestate-capital.com |
ISIN: | LU1296758029 |
WKN: | A141J3 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1130731 |
End of Announcement | DGAP News Service |
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1130731 11-Sep-2020 CET/CEST