Advantag AG resolves capital increase from authorized capital
Today, the Management Board of Advantag AG resolved, with the approval of the Supervisory Board, to increase capital from authorized capital by up to 60,000 shares, excluding subscription rights, at an issue price of EUR 1.50 per share. The shares will be offered for subscription from December 7, 2017.
Advantag AG (ISIN: DE000A1EWVR2, WKN: A1EWVR), based in Geldern in the Lower Rhine region, is an independent trader of CO2 emission rights. Since 2016, the subsidiary Advantag Finanz AG has also been involved as a microfinance institution accredited by the German government.
Through the issue of up to 60,000 new registered shares, the company’s share capital is increased by a nominal amount of up to EUR 60,000.00 to up to EUR 711,875.00. Advantag AG will receive gross proceeds of up to EUR 90,000.00 upon successful completion of the transaction, which will be used to finance new business projects and to ensure the Company’s liquidity. The subscription period begins on December 7, 2017. Interested parties can either use the subscription tool on the company’s homepage, request subscription documents at irm@advantag.de or contact Advantag AG by telephone.
The new shares are entitled to a share in profits from 01.01.2017 and will be included in trading on the primary market of the Düsseldorf Stock Exchange after completion of the capital measure.