DGAP-Adhoc: Advanced Blockchain AG resolves capital increase from authorized capital without subscription rights
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DGAP-Ad-hoc: Advanced Blockchain AG / Key word(s): Capital Increase
The Management Board of Advanced Blockchain AG (Frankfurt, Primärmarkt, Xetra, ISIN: DE000A0M93V6) has today resolved with the approval of the Supervisory Board to increase the share capital by issuing up to 210,000 new non-par-value bearer shares from EUR 2,100,000 to up to EUR 2,310,000 without subscription rights for existing shareholders.
The new shares with dividend entitlement as from January 1, 2019 will be offered for subscription to investors as part of a private placement at a price of EUR 5.40 per share. The net proceeds from the capital increase shall be used for further expansion of the company and strengthening of the company's capital structure. Disclaimer This communication is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of the Company. The securities discussed herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act. There will be no public offering of the securities discussed in this release in the United States of America and the information contained in this release does not constitute an offer of securities for sale. This announcement is not for distribution, publication or transmission, directly or indirectly, to or within the United States of America, Australia, Canada, Japan or any other jurisdiction in which such distribution is unlawful, or to U.S. persons. Information and Explanation of the Issuer to this News: About Advanced Blockchain AG Advanced Blockchain AG is a publicly listed blockchain software development company based in Berlin, Germany and trading on XETRA, Frankfurt and other stock exchanges. The company designs, develops and deploys blockchain software solutions for industry leading corporates. Advanced Blockchain AG are developing their own base layer blockchain technology called peaq (www.peaq.io). Further information on Advanced Blockchain AG is available at www.advancedblockchain.com
22-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Advanced Blockchain AG |
Chausseestraße 86 | |
10115 Berlin | |
Germany | |
Phone: | 030403669510 |
Fax: | 030403669511 |
E-mail: | [email protected] |
Internet: | www.advancedblockchain.com |
ISIN: | DE000A0M93V6 |
WKN: | A0M93V |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich |
EQS News ID: | 894465 |
End of Announcement | DGAP News Service |
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894465 22-Oct-2019 CET/CEST
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