EQS-Adhoc

123fahrschule SE: Capital increase by 92,000 shares against contribution of a claim

EQS-Ad-hoc: 123fahrschule SE / Key word(s): Corporate Action/Agreement 123fahrschule SE: Capital increase by 92,000 shares against contribution of a claim 24-May-2024 / 09:25 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. NOT FOR DISTRIBUTION, PUBLICATION OR RETRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, KANA-DA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION OR RETRANSMISSION IS UNLAWFUL. FURTHER RESTRICTIONS APPLY. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS PUBLICATION.

 

Publication of inside information in accordance with Art. 17 of Regulation (EU) No. 596/2014

• Capital increase by 92,000 shares against contribution of a claim of KlickVentures GmbH against 123fahrschule Holding GmbH in the amount of EUR 460,000.00 in connection with the acquisition of FahrerWerk GmbH into 123fahrschule SE.
• The calculated issue price is EUR 5.00 per new share to be issued
• Lock-up agreement until 31 December 2025

 

Cologne/Frankfurt am Main, 24 May 2024 - The Management Board of 123fahrschule SE (ISIN: DE000A2P4HL9; ticker symbol: 123F) today resolved, with the approval of the company's Supervisory Board, to increase the company's share capital by EUR 92,000.00 from EUR 4,875,560.00 to EUR 4,967,560.00 by issuing 92,000 shares at a notional issue price of EUR 5.00 per share to be issued in return for a contribution in kind. The object of the contribution in kind is a claim of KlickVentures GmbH against 123fahrschule Holding GmbH in the amount of EUR 460,000.00. This claim of KlickVentures GmbH corresponds to 50% of the second variable purchase price (earn-out) to be paid in accordance with the purchase agreement as part of the acquisition of FahrerWerk GmbH by 123fahrschule Holding GmbH. The remaining claim from the variable purchase price in the amount of EUR 460,000.00 is subject to a long-term deferral and amortisation agreement with KlickVentures GmbH that protects the company's liquidity. KlickVentures GmbH will conclude a lock-up agreement with the company for the shares to be issued with a term until 31 December 2025.