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UET UNITED ELECTRONIC TECHNOLOGY AG (FRA:CFC) EQS-Adhoc: aconnic AG performs capital increase after exercising of conversion right

Transparency directive : regulatory news

12/07/2024 12:11

EQS-Ad-hoc: aconnic AG / Key word(s): Financing/Agreement
aconnic AG performs capital increase after exercising of conversion right

12-Jul-2024 / 12:11 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.


  • 1.0 mn EUR debt to equity swap
  • aconnic AG receives conversion right for 2.0 mn EUR convertible bond
  • Strengthen capital for development and expansion

aconnic AG (ISIN: DE000A0LBKW6, WKN A0LBKW)), Munich, resolves to increase the capital by 1,000,000 EUR to 16,240,000 EUR. The capital increase follows the exercise of a conversion right by an investor of a convertible bond. The convertible bond was issued in December 2020 and has a total volume of 3.0 mn EUR. The conversion right for 1.0 mn EUR has now been exercised.

The capital increase is carried out by contribution in kind without subscription rights and the issue of 1,000,000 new shares with a calculated nominal value of 1.00 EUR per share from the existing authorized capital. The application for the admission of the new shares to trading on the German Stock Exchange will be submitted. The capital increase will be completed by the end of the third quarter of 2024.

For the remaining 2.0 mn EUR of the existing convertible bond, aconnic AG has the right until December 31, 2024 to either repay or convert it into equity by a capital increase through contribution in kind. The right to exercise this right lies exclusively with aconnic AG.

"The step shows the confidence of our investors. The transaction strengthens the company's capital base and supports us in the implementation of further development and expansion steps," says Werner Neubauer, CEO of aconnic AG.

 

About aconnic AG

aconnic AG is an international technology supplier and network equipment provider based in Munich. aconnic AG enables the construction and operation of high-performance gigabit networks with key focus on network security, energy efficiency and sustainability as well as technologies and products for customers to achieve climate neutrality through carbon capturing and bioenergy. Systems with hard-, software and services are used by customers such as Deutsche Telekom, Orange, Telecom Italia, Swisscom, A1 Telekom Austria, and América Móvil. aconnic AG is the only international system supplier for critical communication infrastructure with European research, development, production and supply chain, as well as its headquarters in Germany, contributing to the strategic and technological autonomy of Europe. aconnic AG has been listed on the German stock exchange since 2006 and generated a revenue of ca. 73 mn EUR in 2023, with a growth of around 45%.

 

Contact

aconnic AG
D-80992 Munich, Riesstrasse 16
Sebastian Schubert, Investor Relations
Phone: +49 89 3 8998 7770
Email: investor@aconnic.com



 


End of Inside Information

12-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: aconnic AG
Riesstrasse 16
80992 Munich
Germany
Phone: +49 89 3 8998 7770
E-mail: investor@aconnic.com
Internet: www.aconnic.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart
EQS News ID: 1945379

 
End of Announcement EQS News Service

1945379  12-Jul-2024 CET/CEST

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source : webdisclosure.com



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