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OTI Greentech AG / Key word(s): Capital Increase
Public disclosure of inside information in accordance with Article 17 MAR
OTI Greentech AG: Capital increase registered
Altogether 260,682 new no-par value bearer shares with a proportionate amount in the share capital of EUR 1.00 each have been issued. 146,682 shares were allotted through the subscription right during the subscription period from 12 April 2021 to 26 April 2021. The allotment of the remaining 114,000 shares was carried out within the framework of a private placement.
As a result, the share capital of the company increases from EUR 7,257,458.00 to EUR 7,518,140.00.
The by-laws of the company have been adapted accordingly.
The inclusion of the new shares into the quotation of the existing shares of the company will probably take place in June 2021.
The inflow of funds from the capital increase represents a building block for the take-over of KMI Cleaning Solutions, Inc. As far as further financing options are concerned, the company is already in advanced discussions with investors. OTI continues with the take-over of KMI as planned.
Information and Explanation of the Issuer to this News:
About OTI Greentech AG
OTI Greentech's patented surfactant-based technology provides innovative sustainable and cost-efficient solutions for various industrial cleaning challenges, with potential for application in land remediation. Through its subsidiaries OTI Greentech Innovative Solutions and Uniservice Unisafe, OTI Greentech has more than 30 years of experience. OTI Greentech Innovative Solutions offers innovative, environmentally friendly products and solutions for the cleaning and decontamination of oil-based contaminants, and is the owner of the patented ECOSOLUT product line. Through Uniservice Unisafe a full range of products and services are provided to the global shipping industry in all major ports worldwide. Through its joint venture in the USA, the group offers innovative, sustainable and tailor-made solutions to its customers in land-based industrial cleaning. The OTI Greentech group currently has over 20 employees in Europe and the USA. The shares of OTI Greentech AG are listed on the Düsseldorf Stock Exchange (WKN A2TSL2). Corporate headquarters are located in Berlin, Germany.
OTI Greentech AG
27-May-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
OTI Greentech AG
+49 30 887 865 62
+49 30 690 884 88
Regulated Unofficial Market in Dusseldorf
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