EQS-Adhoc

123fahrschule SE announces result of the rights issue against cash contributions resolved on 5 September 2022

EQS-Ad-hoc: 123fahrschule SE / Key word(s): Capital Increase 123fahrschule SE announces result of the rights issue against cash contributions resolved on 5 September 2022 23-Sep-2022 / 17:22 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS RELEASE.

 

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014

 

• 123fahrschule SE announces result of the rights issue against cash contributions resolved on 5 September 2022
• 538,048 new shares subscribed or placed at a price of EUR 7.00

Cologne/Frankfurt am Main, 23 September 2022. The Management Board and Supervisory Board of 123fahrschule SE (ISIN: DE000A2P4HL9) today resolved to implement the capital increase with subscription rights from the company's authorised capital, which was resolved upon by the Management Board and Supervisory Board on 5 September 2022. In the course of the capital increase, 538,048 new shares with a notional pro-rata amount of the share capital of EUR 1.00 each and a dividend entitlement as of 1 January 2022 ("New Shares") will be issued.

 

Thus, 76.8% of the offered shares could be placed with existing shareholders and new investors. In view of the very difficult market environment, the Executive Board and Supervisory Board consider the result a great success and a confirmation of 123fahrschule's strategy.

 

The capital increase against cash contributions will increase the share capital of 123fahrschule SE from EUR 2,569,306 by EUR 538,048.00 to EUR 3,107,354.00. The New Shares were issued at a price of EUR 7.00. As a result of the placement, the Company will receive gross proceeds in the amount of approximately EUR 3.77 million.