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AlzChem Group AG: Planned re-placement of shares to increase free float

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AlzChem Group AG / Key word(s): Miscellaneous
AlzChem Group AG: Planned re-placement of shares to increase free float

19-May-2021 / 16:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Planned re-placement of shares to increase free float

The shareholders LIVIA Corporate Development SE and HDI Vier CE GmbH informed AlzChem Group AG that they intend to sell approximately 1.5 million shares (approximately 15% of the share capital) to institutional investors via a private placement. Discussions to this effect are already at an advanced stage. With this placement, the selling shareholders are pursuing the goal of increasing the free float and thus the liquidity of AlzChem Group AG shares. They continue to be convinced of the company's strong development and will remain associated with it in the long term and, if necessary, enter into corresponding lock-up obligations.

AlzChem Group AG expressly welcomes the increase in the free float. This is in line with a long-held wish of the company.




Contact:
Sabine Sieber
Head of Investor Relations & Communications

19-May-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

AlzChem Group AG

Dr.-Albert-Frank-Str. 32

83308 Trostberg

Germany

Phone:

+498621862888

Fax:

+49862186502888

E-mail:

ir@alzchem.com

Internet:

www.alzchem.com

ISIN:

DE000A2YNT30

WKN:

A2YNT3

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Stuttgart

EQS News ID:

1198490


 

End of Announcement

DGAP News Service

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