EQS-Adhoc: SPORTTOTAL AG completes 10% capital increase from authorized capital
EQS-Ad-hoc: SPORTTOTAL AG / Key word(s): Capital Increase
SPORTTOTAL AG completes 10% capital increase from authorized capital
29-Jan-2024 / 09:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
SPORTTOTAL AG completes 10% capital increase from authorized capital
Cologne, 29 January 2024. SPORTTOTAL AG (ISIN DE000A1EMG56 / WKN A1EMG5) (the “Company”) has completed its cash capital increase from Authorized capital. This capital increase had been approved on 23 January 2024 and was realised excluding shareholders’ subscription rights. As part of the private placement, all 3,094,579 new ordinary bearer shares in the Company, each with a notional value of EUR 1.00 of the share capital and with full dividend entitlement from 1 January 2023 (“New Shares”), were acquired by an investor at a price of EUR 1.00 per New Share. Accordingly, the Company’s share capital is increased by EUR 3,094,579.00, from currently EUR 30,945,797.00 to EUR 34,040,376.00, by issuing 3,094,579 new shares (“Capital Increase”).
The gross issue proceeds thereby amount to EUR 3,094,579.00. The Company intends to utilise the net proceeds from the Capital Increase especially to expand its streaming business for live sports events based on artificial intelligence (AI).
The Capital Increase has still to be entered in the commercial register.
Contact
SPORTTOTAL AG
Am Coloneum 2
50829 Cologne
Tel: +49 (0) 221 7 88 77 0
Email: investorrelations@sporttotal.com
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