25.06.2018
UET United Electronic Technology AG DE000A0LBKW6
DGAP-Adhoc: UET United Electronic Technology AG approves Capital Increase and completely takes over existing operating companies
DGAP-Ad-hoc: UET United Electronic Technology AG / Key word(s): Capital
Increase/Miscellaneous
UET United Electronic Technology AG approves Capital Increase and completely
takes over existing operating companies
25-Jun-2018 / 13:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
* Nominal Capital Increase of EUR 3.0 million
* Takeover of existing operating companies through Contribution in Kind
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, reports
that the board has decided and approved a Share Capital Increase of the
Nominal Capital of EUR 3.0 million by issuing 3.0 million new shares of EUR
1.00 each.
Together with a transaction agreement concluded today Palace Park Ltd. will
underwrite this Capital Increase through a Contribution in Kind of their
existing 49 % Share of UET Electronic Holding GmbH. The UET AG takes over
this 49 % share and is now the sole and only owner.
With this Capital Increase the new Nominal Capital of UET AG amounts to EUR
12.5 million. With this transaction UET AG now holds 100 % of all operating
companies within the UET Group, operating the Business Areas SYSTEMS,
SERVICE and ENGINEERING.
This transaction is the final closing step of the Existing Frame Agreement
announced in September 2016 to improve the capital structure of the UET
Group.
The Capital Increase is drawn from the existing approval share capital of
the company.
With this and the recently performed measures the UET Group now has a
substantially improved equity capital structure. In addition there are no
minority stakes of third party investors within the UET group, which leads
to an increase of results and earnings per share for the existing
shareholders.
Contact:
UET United Electronic Technology AG
Frankfurter Straße 80-82
D-65760 Eschborn
Sebastian Schubert
Investor relations
Tel: + 49 (0) 6196 777755-0
E-Mail: [email protected]
---------------------------------------------------------------------------
25-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: UET United Electronic Technology AG
Frankfurter Straße 80-82
65760 Eschborn
Germany
Phone: +49 (0)6196-7777550
Fax: +49 (0)6196-7777559
E-mail: [email protected]
Internet: www.uet-group.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Basic Board), Stuttgart
End of Announcement DGAP News Service
---------------------------------------------------------------------------
698385 25-Jun-2018 CET/CEST
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
UET United Electronic Technology AG ISIN: DE000A0LBKW6 können Sie bei EQS abrufen
Telekomausrüster , A0LBKW , CFC , XETR:CFC