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Provider: Reuters Investment Profile
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Provider: Wright Reports
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Cancom SE Announces Capital Increase

Friday, 15 Nov 2013 03:07am EST 

Cancom SE announced that its capital increase has been approved by the Company's Supervisory Board and the Company will thus use part of its authorized capital to increase its capital stock against cash by a maximum of EUR 2,435,965, from EUR 12,179,826 to a maximum total of EUR 14,615,791, by issuing up to 2,435,965 new no-par-value bearer shares, with each share representing the accounting par value of EUR 1 of the capital stock. The new shares carry dividend rights from January 1, 2013. They are to be underwritten by Hauck & Aufhauser Privatbankiers KGaA, Frankfurt am Main, Germany, with the commitment to offer them to shareholders of Cancom SE by way of a direct subscription right on the basis of one new share for five old shares. The subscription price is EUR 23 per share. The subscription period for the new shares is expected to commence on November 20, 2013 and end on December 4, 2013 (inclusive). The subscription rights for the new shares will be traded from November 20, 2013 to December 2, 2013 (inclusive) on the Regulated Market of the FWB Frankfurt Stock Exchange. Cancom SE intends to use a part of the funds received from the capital increase to finance the voluntary takeover offer to the shareholders of PIRONET NDH AG, announced on October 10, 2013, as well as to support the Company's further growth. 

Company Quote

-0.29 -0.77%
11:35am EDT