from Manz AG (isin : DE000A0JQ5U3)
EQS-Adhoc: Manz AG places cash capital increase in the amount of 20% of the share capital with Mr. Eng Kee Tan, the majority shareholder of Greatech Technology Berhad
EQS-Ad-hoc: Manz AG / Key word(s): Corporate Action
Manz AG places cash capital increase in the amount of 20% of the share capital with Mr. Eng Kee Tan, the majority shareholder of Greatech Technology Berhad
24-Oct-2024 / 16:38 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.
Manz AG places cash capital increase in the amount of 20% of the share capital with Mr. Eng Kee Tan, the majority shareholder of Greatech Technology Berhad
Reutlingen, 24 October 2024 – The Management Board of Manz AG (ISIN: DE000A0JQ5U3), with the approval of the Supervisory Board, resolved to issue 1,708,514 new shares (corresponding to 20% of the share capital) against cash contributions in the course of a capital increase by partially utilizing the authorized capital 2024 and excluding shareholders' subscription rights. The new shares were subscribed by Mr. Eng Kee Tan, Penang (Malaysia), at a placement price of 5.80 EUR per share. Mr. Tan is the founder and majority shareholder of Malaysia-based Greatech Technology Berhad which provides automation solutions in the design, development and production of systems, machines and plants. The company's share capital will increase from 8,542,574.00 EUR by 1,708,514.00 EUR to 10,251,088.00 EUR after the implementation of the capital increase. The proceeds from the capital increase of 9.9 million EUR (less transaction costs) serves to cover the capital requirements for Manz AG's business activities.
Information:
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Ticker symbol: M5Z
Market segment: Regulated market (Prime Standard) of the Frankfurt Stock Exchange
Manz AG
Steigäckerstraße 5
72768 Reutlingen
Germany
<End of ad hoc announcement >
Contact:
Manz AG
Katrin Neuffer
Tel.: +49 (0)7121 – 9000-395
E-Mail: investor-relations@manz.com
Kirchhoff Consult AG
Michael Werneke
Tel.: +49 (0)40 – 609 186 68
E-Mail: manz@kirchhoff.de
End of Inside Information
24-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Manz AG |
| Steigäckerstr. 5 | |
| 72768 Reutlingen | |
| Germany | |
| Phone: | +49 (0) 7121 9000-0 |
| Fax: | +49 (0) 7121 9000-99 |
| E-mail: | info@manz.com |
| Internet: | http://www.manz.com |
| ISIN: | DE000A0JQ5U3 |
| WKN: | A0JQ5U |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2015639 |
| End of Announcement | EQS News Service |
2015639 24-Oct-2024 CET/CEST