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BRIEF-DEAG intends to increase capital with subscription rights by utilizing authorized capital
May 2, 2017 / 7:21 PM / 3 months ago

BRIEF-DEAG intends to increase capital with subscription rights by utilizing authorized capital

1 Min Read

May 2 (Reuters) - Deag Deutsche Entertainment Ag

* DEAG intends to increase capital with subscription rights by utilizing authorized capital

* Executive board approved cash capital increase with subscription rights from authorized capital

* Company's capital of 16.3 million euros is to be increased by up to euro 2 million to 18.4 million euros

* Issuing up to 2 million new bearer shares with a notional share in share capital of 1.00 euro per share

* Intends to use expected gross proceeds of up to 5 million euros to finance planned expansion of uk business Source text for Eikon: Further company coverage:

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