EQS-Ad-hoc: SPORTTOTAL AG / Key word(s): Capital Increase
SPORTTOTAL AG successfully completes capital increase
28.06.2024 / 12:11 CET/CEST
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SPORTTOTAL AG, IS: DE000A1EMG56 / WKN: A1EMG5
SPORTTOTAL AG successfully completes capital increase
Cologne, June 28, 2024. SPORTTOTAL AG has today placed the increase in share capital from the company’s Authorized Capital 2022/I, which was resolved on June 7, 2024, in the amount of EUR 1,384,132.00. The existing shareholders subscribed to 384,132 New Shares, which corresponds to around 28 percent of the New Shares, with a total of 205,000 New Shares being attributable to Ralf Reichert (Deputy Chairman of the Supervisory Board of SPORTTOTAL AG) and Peter Lauterbach (CEO of SPORTTOTAL AG). 1,000,000 New Shares, which corresponds to around 72 percent of the New Shares, were subscribed by strategic investors as part of the private placement. The gross issue proceeds amount to EUR 1,384,132.00. SPORTTOTAL AG intends to use the proceeds from this capital increase to finance the expansion of the streaming platform for live sports events “STAIDIUM” in the USA, as well as to finance the working capital of the group.
The Company’s share capital of currently EUR 34,040,376.00 will therefore be increased by EUR 1,384,132.00 through the issue of 1,384,132 new no-par value bearer shares with a notional share in the share capital of EUR 1.00 per share (“New Shares”) to EUR 35,424,508.00. The New Shares will be entitled to a share in profits from January 1, 2024. The New Shares were offered to shareholders by way of indirect subscription rights at a subscription price of EUR 1.00 per share in a subscription ratio of 22:1.
The capital increase still needs to be entered in the commercial register. The Management Board and Supervisory Board will apply for entry in the near future. The inclusion of the 1,384,132 new shares in trading on the Frankfurt Stock Exchange is expected to take place in the 28th calendar week of 2024.
Contact
SPORTTOTAL AG
Am Coloneum 2
50829 Köln
Tel: +49 (0) 221 7 88 77 0
E-Mail: [email protected]
28.06.2024 CET/CEST The EQS Distribution Services include statutory reporting obligations, corporate news/financial news and press releases.
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