The Management Board decides on a capital increase with cancellation of the subscription right up to 1,246,333 new shares and a capital increase with subscription right up to 1,121,700 new shares
Delticom AG / Keyword (s): Capital increase / Social action
Delticom AG: the Management Board decides on a capital increase without subscription rights up to 1,246,333 new shares and a capital increase with subscription rights up to 1,121,700 new shares
01-Jun-2021 / 18:59 CET / CEST
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Delticom AG (ISIN: DE0005146807): the Management Board decides to increase the capital without subscription rights up to 1,246,333 new shares and to increase the capital with subscription rights up to 1,121,700 new shares
Hanover, June 1, 2021 – The Management Board of Delticom AG has today decided to increase the share capital of the company from 12,463,331.00 EUR up to 1,246,333.00 EUR by issuing up to 1,246,333 new registered shares without par value from the authorized capital 2017 against contributions in cash excluding subscription rights (“capital increase without subscription rights”). The new shares will be offered without a prospectus to qualified investors within the meaning of art. 2 lit. e) of Regulation (EU) No. 2017/1129.
In addition, the Management Board decided to further increase the Company’s share capital to EUR 1,121,700.00 by issuing up to 1,121,700 new registered shares without par value of the authorized capital in 2017 against contributions in cash while granting subscription rights to the company’s shareholders (“capital increase with subscription right” and, with the capital increase without subscription, “capital increases”). The shares resulting from the capital increase with subscription rights will also be offered without a prospectus.
The exact number of new shares resulting from the capital increase with cancellation of the subscription right, the placement price, the subscription price, the possible exclusion of fractional shares as well as the subscription parity will be determined in an accelerated process. ‘account registration, which will begin immediately after this announcement. and will be determined by the Management Board, with the approval of the Supervisory Board, after completion of the accelerated book construction process and will be published. The exact number of new shares resulting from the capital increase with subscription rights should be determined by the Management Board, with the approval of the Supervisory Board, at the end of the subscription period.
The subscription period is scheduled to start on June 4, 2021 and end on June 18, 2021 (both included). There will be no trading of the subscription rights on the stock exchange. The Company’s existing shares will be listed on the regulated market of the Frankfurt Stock Exchange (Prime Standard) “excluding subscription rights” from June 4, 2021.
The new shares resulting from the capital increase with subscription rights will be offered to the above-mentioned qualified investors before the start of the subscription period, if there is a corresponding demand. As part of the pre-placement, the recovery rights upon allocation are intended to ensure that new shares are available for the subscription rights exercised by the shareholders of the company.
The new shares resulting from the capital increases will have the right to participate in the profits from 1 January 2021 and to be admitted to trading without a prospectus on the regulated market and at the same time on the partial regulated market with additional post-admission obligations. (Prime Standard) of the Frankfurt Stock Exchange.
Delticom intends to use the proceeds of the issuance to strengthen its equity ratio as well as to repay borrowings and create new funding and growth opportunities.
In addition, Delticom is in talks with a long-standing partner company about a potential investment, which would include financing with debt and / or equity components. Depending on the specific volume of the capital increases, the company will end these talks and other processes to earn equity in a timely manner.
Board of directors
Hanover, June 1, 2021
Notifying Person: Melanie Becker, Investor Relations
With the Reifendirekt brand, Delticom AG is the leading company in Europe for the online distribution of tires and complete wheels.
The product portfolio for individuals and businesses includes an unrivaled range of more than 600 brands and approximately 18,000 models of tires for cars and motorcycles. Complete wheels and rims complete the product range. The company operates 410 online stores and online distribution platforms in 74 countries, serving more than 15.9 million customers.
As part of this service, the products ordered can be sent to one of some 38,000 Delticom partner workshops around the world for assembly at the customer’s request.
Based in Hanover, Germany, the company operates primarily in Europe and the United States and has extensive expertise in the development and operation of online stores, internet customer acquisition, internet marketing and networking. partners.
Since its inception in 1999, Delticom has developed comprehensive expertise in designing efficient and fully integrated ordering and logistics processes. The company’s own warehouses are among its most important assets.
In the financial year 2020, Delticom AG achieved a turnover of approximately 541 million euros. At the end of last year, the company employed 177 people.
Delticom AG shares have been listed on the Prime Standard of the German Stock Exchange since October 2006 (ISIN DE0005146807).
On the internet at: www.delti.com
Rue Brühl 11
Telephone: +49 (0) 511-93634-8903
Fax: +49 (0) 511-8798-9138
E-mail: [email protected]
This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities.
In particular, this communication does not constitute an offer to sell securities in the United States. Securities may not be offered or sold in the United States without registration under the Securities Act of 1933, as amended, or without an exemption from registration. The securities mentioned in this disclosure are not and will not be registered under the Securities Act. There will be no public offering of securities in the United States.
In the United Kingdom, this communication is only addressed to persons who (i) are located outside the United Kingdom and / or (ii) are qualified investors as defined in Article 2 (e) of the European Regulation ( EU) 2017/1129 in the way it is part of national law under the European Union (Withdrawal) Act 2018 and who have professional investment experience, which falls under the definition of “professionals of investment “in Article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the” Regulation “), or are persons falling under Article 49, paragraph 2, points a) to d) of the Regulation (“wealthy enterprises, unincorporated associations, etc.”) or which fall under any other exception to the Regulation (all persons referred to in points (i) to (ii) being together referred to as “Data subjects”). Persons who are not Data subjects should not act or rely on this disclosure or any part of its contents. All investments and investing activities mentioned in this disclosure are available only to relevant persons and will only be undertaken with relevant persons.
01-Jun-2021 CET / CEST DGAP’s distribution services include regulatory announcements, financial / corporate news and press releases.
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