Berlin (pta052/04.03.2020/17:00) - The Management Board of TELES AG Information Technologies (ISIN DE0007454902 / WKN 745490) (hereinafter the "Company") intends to propose a financial restructuring to the General Meeting of the Company.
In a first step, the share capital is to be reduced. The Company is currently planning to propose an 8 to 1 reduction.
Subsequently, the share capital is to be increased again by way of an increase in subscription rights against cash contributions.
The bidding consortium around SIMBLION GmbH, which notified the company on February 11, 2020 that it had obtained control and intended to make a mandatory offer in accordance with Section 35 WpÜG, has promised to support the company. The consortium has declared its willingness to participate in such a capital increase with an investment amount of EUR 700,000. The exact scope of the cash capital increase to be proposed to the Annual General Meeting, the subscription ratio and the subscription price will be determined shortly after the invitation to the Annual General Meeting.
The Management Board
TELES AG Informationstechnologien
|emitter:||TELES AG Informationstechnologien|
|contact person:||Oliver Olbrich|
|phone:||+49 30 399 28 00|
|stock exchanges:||regulated market in Frankfurt; free market in Dusseldorf, free market in Hamburg, free market in Munich, free market in Stuttgart; open market in Berlin|