Eckert & Ziegler BEBIG: Capital Increase by Contribution in Cash with Cancellation of the preferential Rights of the current Shareholders

Ecker & Ziegler BEBIG's board of directors announced its proposal to submit to the approval of the general meeting of shareholders a capital increase by way of a contribution in cash with cancellation of the preferential right of the current shareholders for an amount of EUR 5,056,168.48, of which EUR 3,560,771.10. EUR will be allocated to the share capital and EUR 1,495,397.38 as share premium.

The beneficiary of the cancellation of the preferential rights is the company under German law, Eckert & Ziegler EZAG AG, with registered office located at Robert-Rössle-Str. 10, 13125 Berlin, Germany, i.e. the controlling shareholder of the company.

In accordance with Article 598 of the Company Code, the board of directors has determined that the issue price shall amount to EUR 0.88 per new share (i.e. the average trading price of the 30 last days).

Therefore, as a result of the proposed capital increase, 5,745,646 new shares, without nominal value, will be created, as compensation for the above-mentioned contribution and the share capital of the company will be increased to bring it from EUR 10,879,026.72 to EUR 14,439,797,82. EUR

The capital increase will be on the agenda of the next extraordinary general meeting scheduled to take place on 9 June 2016 at 11.30 am at the registered office of the company (Industrial Zone C, 7180 Seneffe), right after the annual general meeting.

The board of directors will also propose to this extraordinary general meeting to resolve on (i) a  reverse stock split with a ratio of ten (10) existing shares to one (1) share and (ii) the renewal the authorisation granted to the board of directors to increase the share capital of the company (authorised capital).

Contact :
Eckert & Ziegler BEBIG s.a.
Investor Relations
Tel.: +32 (0) 64 520 808

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Eckert & Ziegler BEBIG via GlobeNewswire