Vectron Systems AG: Vectron Systems AG Capital Increase fully placed at EUR 15.10 per new share.
Vectron Systems AG / Key word(s): Capital Increase
03-Feb-2020 / 20:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Vectron Systems AG announces that the capital increase of approximately 10 percent of the share capital announced today has been fully placed. The Management Board has decided to increase Vectron System AG's share capital by up to EUR 727,319.00 by issuing up to 727,319 new bearer shares ("new shares"), making partial use of the existing Authorized Capital 2019 and excluding shareholders' subscription rights. The capital increase was well oversubscribed, which enabled the bookbuild to close after only a few hours.
All new shares were allocated at a placement price of EUR 15.10 per share as part of the private placement (accelerated bookbuilding).
The transaction will generate gross issue proceeds of around EUR 11 million for Vectron Systems AG. The net issue proceeds are to be used to pre-finance the growth of the high-margin digital services business, substantially increasing monthly recurring revenues.
The admission and delivery of the new shares is expected to take place on 07 February 2020. The introduction to trading on the open market of the Frankfurt Stock Exchange (Scale Segment) is scheduled for 07 February 2020.
Hauck & Aufhäuser acted as Sole Bookrunner in this capital increase.
Vectron Systems AG
48155 Münster, Germany
phone +49 (0) 2983 908121
mobile +49 (0) 170 2939080
fax +49 (0)251 2856-560
This publication constitutes neither an offer to sell nor a solicitation to buy shares of Vectron Systems AG. No public offer of securities of Vectron Systems AG is being made or intended. The distribution of this publication may be subject to legal restrictions in certain jurisdictions. Persons who come into possession of this publication are requested to inform themselves about any of such restrictions and comply with them. Non-compliance with such restrictions may constitute an infringement of the securities laws of the respective jurisdiction. This document is not an offer of securities for sale in the United States. The shares of Vectron Systems AG (the "Shares") have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. A public offering and/or a registration under the Securities Act are not intended. This document is only being distributed to and is only directed at persons who (i) are outside the United Kingdom or (ii) are investment professionals falling within Article 19(5) or persons falling within Article 49(2)(a) to (d) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as "Relevant Persons"). The Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons.
03-Feb-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Vectron Systems AG|
|Phone:||0251/ 28 56 - 0|
|Fax:||0251/ 28 56 - 564|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange|
|EQS News ID:||966963|
|End of Announcement||DGAP News Service|