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DGAP-News: CytoTools AG / Key word(s): Corporate Action
CytoTools cures resolution of 2020 Annual General Meeting with proposed capital increase
Darmstadt, 29 June 2021 - CytoTools AG (ISIN DE000A0KFRJ1), a biotechnology holding company specializing in pharmaceutical and medical products, essentially complies with a resolution of the Annual General Meeting 2020 with its proposal on the implementation of a capital increase with subscription rights published on 29 June 2021. The capital increase resolved at that time was based on a shareholder's request for a supplement. However, the form of the capital increase requested therein proved to be unfeasible from an execution point of view.
"With the proposal for a capital increase published today via ad hoc announcement, the company is attempting to comply with the resolution of last year's Annual General Meeting in the best possible way," explains Dr. Mark-André Freyberg, CEO of CytoTools. "It is very regrettable when requests for supplements are introduced at an Annual General Meeting that fail due to technical feasibility. With the subscription rights capital increase now proposed, we will essentially comply with the original AGM resolution. We will also organize a subscription rights trade accordingly."
In addition, the company today published its annual report as of 31 December 2020. This is now also available in English for the first time and can be downloaded from the company's website at www.cytotools.de.
This release contains certain forward-looking statements. These reflect the views of CytoTools as of the date of this release. Actual results achieved by CytoTools may differ materially from the findings in the forward-looking statements. CytoTools is under no obligation to update any forward-looking statements.
29.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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