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BRIEF-Vita 34 ag wins MK Beleggingsmaatschappij Venlo B.V. as new strategic investor
June 15, 2017 / 5:25 AM / 2 months ago

BRIEF-Vita 34 ag wins MK Beleggingsmaatschappij Venlo B.V. as new strategic investor

June 15 (Reuters) - VITA 34 AG:

* SAID ON WEDNESDAY ACQUIRES MK BELEGGINGSMAATSCHAPPIJ VENLO B.V. AS A NEW STRATEGIC INVESTOR AND SECURES SUPPORT FOR FURTHER CORPORATE ACTION

* THROUGH MK BELEGGINGSMAATSCHAPPIJ VENLO B.V., MR. KÖHLER TAKES OVER NEWLY ISSUED SHARES OF UP TO 10% OF THE SHARE CAPITAL

* ADDITIONAL BACKSTOP AGREED FOR JUST UNDER EUR 3 MILLION IN CONNECTION WITH THE UPCOMING RIGHTS ISSUE

* MK BELEGGINGSMAATSCHAPPIJ VENLO B.V., THE NETHERLANDS (MKBV), WILL HOLD APPROX. 9.1% OF THE SHARE CAPITAL OF VITA 34 AND HAS ALSO AGREED TO SUPPORT VITA 34 IN IMPLEMENTING ITS PLANNED RIGHTS ISSUE

* TO ENSURE THE SUCCESS OF THIS RIGHTS ISSUE, MKBV HAS ASSUMED A BACKSTOP OBLIGATION ACCORDING TO WHICH IT WILL TAKE OVER ANY UNSUBSCRIBED NEW SHARES UNDER THIS PLANNED RIGHTS ISSUE UP TO A MAXIMUM AMOUNT OF JUST UNDER EUR 3 MILLION, PROVIDED THE ISSUE PRICE DOES NOT EXCEED EUR 6.50 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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