Coreo AG
Coreo AG carries out a capital increase
Coreo AG / Key word(s): Capital Increase/Real Estate Coreo AG carries out a capital increase
Frankfurt am Main, Germany – 3 June 2020 – With the approval of the Supervisory Board, Coreo AG’s Management Board resolved to increase the Company’s share capital of currently EUR 15,945,880 to EUR 17,540,460 by issuing EUR 1,594,580 new no-par value bearer shares, each with a notional value of EUR 1.00 of the share capital, against cash contributions and excluding the subscription rights of the current shareholders in compliance with section 186 (3) sentence 4 of the German Stock Corporation Act (AktG) and by using the existing Authorised Capital 2019/I. The issue price per new share is EUR 1.20. With effect from January 1, 2019, the new shares are entitled to a share in profits. The alex schütz familienstiftung (family foundation) will subscribe for all Coreo shares. Its founder is the Austrian entrepreneur and investor Alexander Schütz, founder of the asset manager C-Quadrat (assets under management of over EUR 7 billion) and, among others, member of the Supervisory Board of Deutsche Bank. It is Coreo AG’s intention to use the gross issue proceeds of approximately EUR 1.91 million to further expand the real estate portfolio of the company. End of ADHOC About Coreo AG Coreo AG Investor Relations Grüneburgweg 18 D-60322 Frankfurt a. M. ir@coreo.de T: +49 (0) 69-21 93 96-0
03-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Coreo AG |
Grüneburgweg 18 | |
60322 Frankfurt am Main | |
Germany | |
Phone: | +49 69 2193 96-0 |
Fax: | +49 69 2193 96-150 |
E-mail: | ir@coreo.de |
Internet: | www.coreo.de |
ISIN: | DE000A0B9VV6 |
WKN: | A0B9VV |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1060921 |
End of Announcement | DGAP News Service |