DGAP-Adhoc: 11880 Solutions AG fully implements capital increase from authorised capital in return for cash and non-cash contributions - subscription offer significantly oversubscribed
DGAP-Ad-hoc: 11880 Solutions AG / Key word(s): Capital Increase
11880 Solutions AG fully implements capital increase from authorised capital in return for cash and non-cash contributions - subscription offer significantly oversubscribed
10-Sep-2020 / 16:33 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.
Issuing the New Shares increases the share capital of 11880 Solutions AG by EUR 3,893,000.00 from EUR 21,022,200.00 to EUR 24,915,200.00. The Company assumes that the implementation of the capital increase will be entered in the Commercial Register by 21 September 2020. The New Shares are expected to be admitted to trading in the Prime Standard segment of the Frankfurt Stock Exchange on or shortly after 28 September 2020 and will subsequently be delivered to the shareholders under the master ISIN DE0005118806.
The acquisition of online marketing company Fairrank enables 11880 Solutions AG to complement its strategic business model and accelerate its growth. The cash capital increase will provide the Company with net issue proceeds of approximately EUR 1,4 mio., which will be used to integrate Fairrank and expand its market position.
Contact:
Anja Meyer
11880 Solutions AG
Tel.: 0201 / 8099-188
E-Mail: anja.meyer@11880.com
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1130099 10-Sep-2020 CET/CEST