29.06.2018
CECONOMY AG DE0007257503
DGAP-Adhoc: CECONOMY AG: CECONOMY AG increases share capital by approx. 10% - freenet AG acquires all newly issued shares
DGAP-Ad-hoc: CECONOMY AG / Key word(s): Corporate Action
CECONOMY AG: CECONOMY AG increases share capital by approx. 10% - freenet AG
acquires all newly issued shares
29-Jun-2018 / 18:07 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.
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The management board of CECONOMY AG (CECONOMY) has resolved, with the
approval of its supervisory board, to execute a capital increase from
authorized capital against cash contribution with exclusion of the existing
CECONOMY shareholders' subscription rights. freenet AG has contractually
agreed with CECONOMY on 29 June 2018 to invest an aggregate amount of EUR
277,385,217.50 and to subscribe for 32,633,555 new ordinary bearer shares
with no par value in CECONOMY (the "New Shares") for an issue price per
share of EUR 8.50. This corresponds to a premium of approx. 18 per cent on
the XETRA closing price of CECONOMY's ordinary shares (ISIN DE0007257503) on
28 June 2018.
The implementation of the capital increase is subject to customary
conditions. Upon registration of the capital increase with the commercial
register, the share capital of CECONOMY will be increased from EUR
835,419,052.27 to EUR 918,845,410.90. Following completion of the capital
increase, freenet AG's stake in CECONOMY will amount to approx. 9 per cent
of the share capital.
CECONOMY will use the proceeds from the capital increase in the amount of
approx. EUR 277 million to strengthen its balance sheet as well as to
increase its financial strength for the further implementation of its
strategic agenda.
Person making the notification: Sebastian Kauffmann, Vice President Investor
Relations, CECONOMY AG
Forward-Looking Information
This announcement may contain forward-looking statements that are based upon
current views and assumptions of the CECONOMY AG management, which were made
to its best knowledge. Forward-looking statements are subject to known and
unknown risks, uncertainties and other factors which could cause the
earnings position, profitability, performance or the results of CECONOMY AG
to differ materially from the earnings position, profitability, performance
or the results expressly or implicitly assumed or described in these
forward-looking statements. In consideration of these risks, uncertainties
and other factors, persons receiving these documents are advised not to rely
on these forward-looking statements. CECONOMY AG does not assume any
liability or guarantee for such forward-looking statements and will not
adjust them to any future results and developments.
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29-Jun-2018 CET/CEST 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: CECONOMY AG
Benrather Straße 18-20
40213 Düsseldorf
Germany
Phone: +49 (0)211 5408-7223
Fax: +49 (0)211 5408-7005
E-mail: [email protected]
Internet: www.ceconomy.de
ISIN: DE0007257503, DE0007257537, Weitere:
www.ceconomy.de/de/investor-relations/
WKN: 725750, 725753, Weitere:
www.ceconomy.de/de/investor-relations/
Indices: MDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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700343 29-Jun-2018 CET/CEST
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