DGAP-Ad-hoc: SMT Scharf AG / Key word(s): Capital Increase
SMT Scharf AG reports successful capital increase
Hamm, November 7, 2017 - SMT Scharf AG (ISIN: DE0005751986 / WKN: 575198) has today successfully completed the capital increase it approved on November 6, 2017. A total of 420,000 new shares were placed with institutional investors as part of a private placement. The placing price was fixed at EUR 12.90. The transaction was significantly oversubscribed.
As part of the transaction, the share capital of SMT Scharf AG was increased by EUR 420,000.00, from EUR 4,200,000.00 to EUR 4,620,000.00, against cash capital contributions and under exclusion of existing shareholders' subscription rights. Dero Bank AG, Munich, managed the transaction.
The capital increase generated total gross issue proceeds of EUR 5.4 million for SMT Scharf AG. The proceeds from the transaction are to finance the SMT Scharf Group's further internal and external growth and lay the basis for further corporate acquisitions.
The new shares are dividend-entitled from January 1, 2017, and will be immediately included in the existing listing in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) following the entry of the capital increase in the company's commercial register.
SMT Scharf AG
The Managing Board
07-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||SMT Scharf AG|
|Phone:||+49 2381 960-01|
|Fax:||+49 2381 960-230|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|
625847 07-Nov-2017 CET/CEST