EQS-Adhoc: Corestate General Meeting resolves to create the authorized capital required for the restructuring
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EQS-Ad-hoc: Corestate Capital Holding S.A. / Key word(s): AGM/EGM/Capital Increase Corestate General Meeting resolves to create the authorized capital required for the restructuring Luxembourg, December 20, 2022 - The Extraordinary General Meeting of Corestate Capital Holding S.A. ("Corestate") today resolved to increase the authorized capital with an approval of 99.7 percent and thus the required majority to amend the Articles of Association. Accordingly, the Management Board is now authorized to increase Corestate's share capital by up to EUR 15 million by issuing up to 200 million shares. In accordance with the lock-up agreement Corestate has entered into with a group of major bondholders and equity investors, the Management Board intends to use the new authorized capital, inter alia, to execute a debt-to-equity swap against contribution of the receivables from the bonds issued by Corestate.
Notifying Person: Dr. Kai Gregor Klinger Chief Markets Officer T: +49 69 3535630107 M: +49 152 22755400
20-Dec-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Corestate Capital Holding S.A. |
| 4 Rue Jean Monnet | |
| 2180 Luxembourg | |
| Luxemburg | |
| Phone: | +49 69 3535630-107 |
| Fax: | +49 69 3535630-299 |
| E-mail: | [email protected] |
| Internet: | www.corestate-capital.com |
| ISIN: | LU1296758029 |
| WKN: | A141J3 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1517675 |
| End of Announcement | EQS News Service |
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1517675 20-Dec-2022 CET/CEST
Corestate Capital Holding SA Stock
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Based on the current price of 0.4 € the target price of 3 € shows a potential of 648.13% for Corestate Capital Holding SA which would more than double the current price.
