KAP BETEILIGUNGS-AG IS PLANNING A NON-CASH CAPITAL INCREASE
KAP Beteiligungs-AG concluded a share sale and transfer agreement today for the purchase of a majority shareholding in a company operating in the field of surface refinement. The purchase price is to be financed in part by the issue of new shares in KAP Beteiligungs-AG within the scope of a non-cash capital increase from authorized capital. The number of new shares of KAP Beteiligungs-AG to be issued upon execution of the sale is not yet definitive and will be determined by a contractually agreed formula that depends on the average price of the KAP share shortly before the sale is completed. At the current KAP share price, the number of KAP shares to be newly issued under this capital increase would correspond to around 2.4% of the total number of shares issued following the capital increase. The non-cash capital increase is expected to be carried out before the close of this year.
Fulda, October 25, 2017, 12:45 p.m.