21.03.2017
Gesco AG DE000A1K0201
DGAP-News: GESCO AG strengthens equity for further growth
DGAP-News: Gesco AG / Key word(s): Capital Increase/Capital Increase
GESCO AG strengthens equity for further growth
21.03.2017 / 09:47
The issuer is solely responsible for the content of this announcement.
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Wuppertal, 21 March 2017 - GESCO AG, a company listed in the Prime Standard,
increases its share capital by conducting a "small" capital increase by the
greatest amount legally permissible of approximately 10% of the share
capital at the point of time when the Annual General Meeting resolved the
respective resolution and issue 864,499 new shares. The measure will result
in share capital increasing to EUR 10,839,499, divided into the same number
of registered shares.
The new shares were placed with institutional investors only by equinet Bank
AG at a price of EUR 23.50 per share. The proceeds of the issue amount to
approximately EUR 20 million. The issue was oversubscribed several times.
The new shares will have full dividend rights for the current financial year
(1 April 2016 through 31 March 2017). The measure was conducted in an
accelerated bookbuilding process, shareholders' subscription rights were
excluded. Entry of the capital increase in the commercial register at
Wuppertal district court as well as the admission of the new shares to
trading will be initiated immediately.
Dr Eric Bernhard, Chairman of the Executive Board of GESCO AG: "We
considerably strengthened our portfolio through the acquisition of the
Pickhardt & Gerlach Group, which was finalized in January 2017. In
accordance with our portfolio strategy, which has been developed last year,
we want to create profitable growth in future too, both in the Group as it
exists today and through acquisitions. The capital increase broadens our
equity base and ensures that we are fully able to act, both in terms of
acquisitions and investing in the existing group. The way of a 'small'
capital increase is highly efficient and cost effective. In addition, we
were able to attract new investors from Germany as well as abroad and
thereby broaden our shareholder base."
About GESCO
GESCO AG is an industrial group with market and technology leaders in the
investment goods industry focusing on production process technology,
resource technology, health and infrastructure technology and mobility
technology. As a stock listed company on the Prime Standard, GESCO AG offers
private and institutional investors access to a portfolio of leading small
and medium-sized industrial German companies, so-called hidden champions of
Germany's Mittelstand.
Investor Relations, Oliver Vollbrecht
Tel. +49 202 24820-18, Fax +49 202 24820-49
E-mail: [email protected], Internet: www.gesco.de
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21.03.2017 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Gesco AG
Johannisberg 7
42103 Wuppertal
Germany
Phone: +49 (0)202 248200
Fax: +49 (0)202 2482049
E-mail: [email protected]
Internet: www.gesco.de
ISIN: DE000A1K0201
WKN: A1K020
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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556127 21.03.2017
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