October 23, 2018 / 4:44 PM / a month ago

BRIEF-Aryzta AG Recommends Shareholders Vote In Favour Of Capital Raise

Oct 23 (Reuters) - Aryzta AG:

* SAYS RECOMMENDS SHAREHOLDERS VOTE IN FAVOUR OF UNDERWRITTEN EUR 800 MILLION CAPITAL RAISE

* SAYS BOARD OF DIRECTORS REJECTS THE MOST RECENT STATEMENT BY COBAS ASSET MANAGEMENT

* COBAS PROPOSAL CARRIES SIGNIFICANT TIMING AND EXECUTION RISK AND THERE IS NO CERTAINTY IT COULD BE IMPLEMENTED

* BOARD UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS DISREGARD COBAS’ PROPOSAL AND VOTE IN FAVOUR OF CAPITAL INCREASE RESOLUTION AT AGM Source text for Eikon: Further company coverage:

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