Ebreichsdorf (pta/22.09.2023/07:58 UTC+2)
By resolution dated July 14, 2023, the Board of Management resolved, in accordance with this authorization resolution of the Annual General Meeting, to increase the share capital of the Company from currently EUR 17,000,000.00 by up to EUR 7,890,000 to up to EUR 24,890,000.00 by issuing up to 7,890,000 no-par value bearer shares at a subscription price of EUR 1.345 (euro one point 345 cents) per share, with voting rights and with profit entitlement from fiscal year 2023 (commencing January 1, 2023). The proportional value of the shares in the share capital amounts to EUR 1 (issue price), so that the remaining subscription price of EUR 0.345 had to be paid as a premium. The Executive Board has decided to exclude shareholders' subscription rights.
After the end of the circulation period pursuant to Section 171 (1) AktG for the report of the Management Board on the exclusion of subscription rights, the Management Board requested the approval of the Supervisory Board. On August 02, 2023, the Supervisory Board approved the resolution of the Executive Board of July 14, 2023, by which the partial utilization of the Authorized Capital 2021 and the exclusion of shareholders' subscription rights were resolved (see ad hoc announcement of August 02, 2023).
The Management Board announces the almost complete execution of the capital increase including its successive registration in the commercial register of the Regional Court Wiener Neustadt. A total of 7,806,692 new shares were acquired at a subscription price of EUR 1.34 per new share. The share capital of the Company thus currently amounts to EUR 24,806,692.00. The Articles of Association of the Company were amended accordingly in section 4.1 and section 4.4. The capital increase from authorized capital has thus been partially completed; the private placement of 83,308 shares, which was still possible in accordance with the resolution of the Management Board of July 14, 2023, has not been carried out.
The inclusion of the new shares from this capital increase in trading on the direct market plus of the Vienna Stock Exchange will be applied for without delay. The new shares can be traded there after their inclusion.
Legal Notice / Disclaimer:
This notification is a mandatory notification pursuant to Art 17 of the Market Abuse Regulation. This notification does not constitute an offer to purchase securities or a solicitation of an offer to purchase securities of Kostad AG. Any possible future offer of securities of the company will be made in accordance with and on the basis of the applicable capital market law requirements.
THIS NOTICE IS NOT FOR PUBLICATION, DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN PART OR IN WHOLE, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR OTHER COUNTRIES WHERE PUBLICATION OR TRANSMISSION WOULD BE UNLAWFUL.
Enquiry and contact:
Park avenue 20
+43 2234 72402 0
Köstenberger Günter jun., Board of Directors
|Contact person:||Günter Köstenberger|
|Tel:||+43 2234 72402 0|
|Stock exchanges:||direct market plus in Vienna|
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