DGAP-News Tele Columbus AG: Tele Columbus AG successfully implements capital increase
DGAP-News: Tele Columbus AG / Key word(s): Capital Increase/Miscellaneous
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Tele Columbus AG successfully implements capital increase
- Rights offering concluded
- Inflow of funds in a gross amount of approximately EUR 475 million expected
- Share capital of the Company increased by EUR 146,109,887.00 to EUR 273,666,138.00
Berlin, 12 May 2021. Tele Columbus AG (the "Company") (ISIN: DE000TCAG172, WKN: TCAG17), one of Germany's leading fibre network operators, has successfully implemented the capital increase by way of a rights offering resolved on 17 April 2021 and thus concluded the rights offering. All offered shares were either subscribed for based on the exercise of subscription rights or based on the acquisition of unsubscribed shares by Kublai GmbH, the majority shareholder of the Company. The gross proceeds generated by the capital increase will amount to approximately EUR 475 million. As previously announced, the gross proceeds will be used in particular to achieve a sustainable capital structure of the Company and to further implement its Fibre Champion strategy.
During the subscription period from 27 April 2021 to 10 May 2021, 139,411,373 new shares were subscribed based on subscription rights. A further 6,698,514 shares, for which subscription rights were not exercised, were acquired by Kublai GmbH, the majority shareholder of the Company, pursuant to a backstop agreement dated 21 December 2020 between the Company and Kublai GmbH, which was concluded in connection with the public takeover offer by Kublai GmbH.