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The NAGA Group AG / Key word(s): Corporate Action
NAGA RESOLVES ON CAPITAL INCREASE WITH GROSS PROCEEDS OF EUR 22.7 MILLION
The Management Board of The Naga Group AG (ISIN DE000A161NR7, Frankfurt Stock Exchange Scale segment), with approval of the Supervisory Board, resolved today to increase the Company's share capital by way of an exercise of the authorized capital under exclusion of shareholders' subscription rights by EUR 4,204,990.00 by issuing 4,204,990 new ordinary registered shares with no-par value (Stückaktien), each with a notional value of EUR 1.00, against cash contributions (the "New Shares").
The shares will be placed in a private placement at a placement price of EUR 5.40. The Company has already received non binding commitments for all New Shares.
The Company intends to use the net proceeds from the Capital Increase to accelerate its marketing and growth activities and expand international growth through key hires.
16-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
The NAGA Group AG
Hohe Bleichen 12
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
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