UK Markets open in 3 hrs 3 mins
  • NIKKEI 225

    28,014.71
    -392.13 (-1.38%)
     
  • HANG SENG

    28,593.81
    +399.72 (+1.42%)
     
  • CRUDE OIL

    64.74
    -0.75 (-1.15%)
     
  • GOLD FUTURES

    1,869.80
    +1.80 (+0.10%)
     
  • DOW

    34,060.66
    -267.13 (-0.78%)
     
  • BTC-GBP

    28,617.54
    -3,044.04 (-9.61%)
     
  • CMC Crypto 200

    1,122.40
    -130.75 (-10.43%)
     
  • Nasdaq

    13,303.64
    -75.41 (-0.56%)
     
  • ^FTAS

    4,007.57
    +4.67 (+0.12%)
     

Cryptology Asset Group p.l.c. resolves a cash capital increase and sale of treasury shares

·2-min read

Cryptology Asset Group PLC / Key word(s): Capital Increase
Cryptology Asset Group p.l.c. resolves a cash capital increase and sale of treasury shares

15-Apr-2021 / 14:45 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.

Disclosure of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014

Cryptology Asset Group p.l.c. resolves a cash capital increase and sale of treasury shares

Malta, 15.04.2021. The Board of Directors of Cryptology Asset Group p.l.c. (ISIN: MT0001770107; Ticker: CAP) today resolved to increase the share capital of the Company by 128,375 new shares and to sell 31,625 treasury shares which is the entire position Cryptology holds of own shares after the buyback done over the last months. Shareholders' subscription rights to the new shares and the treasury shares are excluded.

The Company has entered into binding subscription agreements for the entire amount of in total 160,000 shares with several institutional investors. Closing of the transaction is expected for end of April 2021.

The capital increase will be carried out in cash contributions and by partially utilizing the existing authorized capital. The share capital of the Company is to be increased from EUR 2,732,500 to EUR 2,860,875 by issuing 128,375 new bearer shares of the Company ("New Shares"). The New Shares will be issued with a pro rata amount of capital stock of EUR 1.00 per share and with full dividend rights from 1 January 2021. The New Shares and treasury shares will be offered at a fixed price of EUR 200.00 per share. Following their issue, the New Shares will be included in the existing listing on the primary market of the Düsseldorf Stock Exchange.

The net proceeds from the capital increase and the funds received from the sale of treasury shares of in total 32,00,000 will be used to invest in new portfolio companies from the Cryptology pipeline. The company is also exploring the acquisition of crypto assets, such as Bitcoin, as part of its treasury management strategy.

Contact:
Cryptology Asset Group p.l.c.
Jefim Gewiet (COO)
66/67, Beatrice, Amery Street
Sliema SLM 1605, Malta
E-mail: info@cryptology-ag.com

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

Language:

English

Company:

Cryptology Asset Group PLC

Beatrice 66 & 67, Amery Street

SLM 1707 Sliema

Malta

E-mail:

info@cryptology-ag.com

Internet:

cryptology-ag.com

ISIN:

MT0001770107

WKN:

A2JDEW

Listed:

Regulated Unofficial Market in Dusseldorf

EQS News ID:

1185329


 

End of Announcement

DGAP News Service

show this
show this