KAP BETEILIGUNGS-AG IS PLANNING A NON-CASH CAPITAL INCREASE
Fulda, November 1, 2017 – KAP Beteiligungs-AG concluded today two purchase and transfer agreements for the acquisition of all shares in each of two companies in the surface refinement sector. Part of the purchase price is to be financed by the issue of new shares of KAP Beteiligungs- AG by way of a capital increase against contributions in kind. The number of new shares of KAP Beteiligungs-AG to be issued when the acquisition of the two companies is completed has not yet been determined. The calculation will be based on a stipulated formula, which is derived from an average price of the KAP shares shortly before the completion of the relevant acquisition. Taking the current price of the KAP shares as a basis, the number of new KAP shares to be issued to finance the acquisition of the two companies would correspond to approximately 3.0% of all KAP shares eventually issued. The issue of the new shares is expected to be carried out in the current year.
Fulda, November 1st, 2017, 2:09 pm CET