EUCA Euromicron AG Communication & Control Technology

DGAP-News: euromicron AG successfully completes 2019 capital increase

DGAP-News: euromicron AG / Key word(s): Capital Increase
euromicron AG successfully completes 2019 capital increase

23.08.2019 / 10:00
The issuer is solely responsible for the content of this announcement.


  • Cash capital increase with subscription rights successfully placed as a second tranche
  • Subscription ratio of 72% shows strong confidence of current investors
  • Strategic anchor investor Funkwerk AG now holds 15.36% of the share capital
  • Stronger equity base creates scope for future investments

Frankfurt/Main, August 23, 2019 - euromicron AG, a medium-sized technology group and expert on the digital networking of business and production processes, has now fully placed the capital increase it resolved on July 10, 2019.

As part of a cash capital increase with subscription rights, the second tranche increased the company's share capital by EUR 5,504,266.28 by issuing 2,152,919 new registered shares. In the first tranche, 717,639 new shares were issued to Funkwerk AG in July 2019 as part of a private placement. As a result, euromicron's share capital initially increased by 10% to EUR 20,182,308.60. Overall, euromicron AG generated gross issue proceeds of EUR 9,759,897.20 with the two tranches of the capital increase.

"We have reached an important milestone in our strategy by successfully completing the capital increase. With Funkwerk, we have not only added a strong and reliable investor to our shareholder base, but have also considerably strengthened our equity base and gained financial strength. At the same time, we will use the proceeds from the capital increase to invest in future-oriented fields and to expand our digital business models. We see attractive growth opportunities for the euromicron Group there," explained Bettina Meyer, Spokeswoman of the Executive Board.

The shareholders of euromicron AG exercised their subscription rights for a total of 1,539,385 new shares at a subscription price of EUR 3.40 per share. The subscription ratio for the acquisition of a total of 2,152,919 new shares is thus around 72%. The new shares not subscribed to by the shareholders were offered in accordance with Funkwerk AG's investor and backstop agreement and subscribed to by Funkwerk AG on August 12, 2019. As part of the capital increase, Funkwerk acquired a total of 1,543,256 shares in two tranches, corresponding to 15.36% of the share capital.

"The high subscription rate reflects the strong confidence our shareholders have in us and gives us an additional incentive to continue on our strategic course. At the same time, we are pleased to have a strategic partner at our side in Funkwerk AG, who has supported the capital measures that have been implemented. At the operational level, we will intensify our current relationship that already exists in certain areas and jointly develop potential in related business fields," said Meyer.

Once the capital increase has been entered in the commercial register, the new shares from the second tranche will be admitted to trading on the Frankfurt Stock Exchange within the statutory one-year period and be included in the current listing.

About euromicron AG:

euromicron AG () is a medium-sized technology group that unites 16 companies from the fields of Smart Buildings, Smart Industry, Critical Infrastructures and Smart Services. Rooted in Germany, euromicron operates internationally with its around 1,900 employees at 40 locations. Backed by its expertise in sensor systems, terminal devices, infrastructures, platforms, software and services, euromicron is able to offer its customers end-to-end solutions from a single source. As a result, euromicron helps small and medium-sized enterprises, large companies and public-sector organizations enhance their agility and efficiency, prevent security risks and develop new business models. As a German specialist for the Internet of Things (IoT), euromicron enables its customers to network business and production processes and successfully achieve digitalization. euromicron AG generated total sales of EUR 318.0 million in fiscal year 2018.

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Press contact at euromicron AG
euromicron AG
Investor & Public Relations
Zum Laurenburger Hof 76
60594 Frankfurt/Main
Phone:
Fax: 7


ISIN DE000A1K0300
WKN A1K030



23.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: euromicron AG
Zum Laurenburger Hof 76
60594 Frankfurt/Main
Germany
Phone:
Fax: 7
E-mail:
Internet:
ISIN: DE000A1K0300
WKN: A1K030
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 862059

 
End of News DGAP News Service

862059  23.08.2019 

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EN
23/08/2019

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