on Telegate AG (ETR:TGT)
11880 Solutions AG Approves 5:1 Share Capital Reduction Proposal
The Management and Supervisory Boards of 11880 Solutions AG have sanctioned a proposal for a 5:1 share capital reduction. This decision aims to be presented for approval at the Annual General Meeting scheduled for June 24, 2026. The primary goal of this capital reduction is to enhance the stock's market visibility and tradability, enabling 11880 Solutions AG to engage in capital activities under standard market conditions while adhering to the minimum issue price for any new shares.
The process involves consolidating every five existing shares into a single new one, reducing the number of existing shares without altering the total value of a shareholder's stake. Currently, 11880 Solutions AG has 26,232,200 no-par value shares. The consolidation follows the procedures outlined in Sections 222 of the German Stock Corporation Act (AktG).
The decision regarding the implementation of the capital reduction rests with the upcoming Annual General Meeting.
R. E.
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