Munich, December 13, 2019: Following the successful settlement of shareholder actions against the resolutions of the Extraordinary General Meeting on September 27, 2019, windeln.de SE ("windeln.de" or "Company") expects that the resolution to reduce the Company's share capital will be entered in the commercial register in the next few days.
The subsequent technical implementation of the reduction of the company's share capital from EUR 9,963,670 by EUR 6,974,569 to EUR 2,989,101 via a reverse share split at a ratio of 10 : 3 will take place in the coming weeks. The capital reduction will lead to a change in the stock exchange listing of the existing shares. The last trading day of the existing shares before the changeover is expected to be December 20, 2019.
The capital reduction is the basis for the upcoming capital increase with subscription rights against cash contribution, which was also resolved by the Extraordinary General Meeting on September 27, 2019 and is to take place in the first weeks of 2020. The Company's share capital is to be increased from EUR 2,989,101 by up to EUR 10,000,000 to up to EUR 12,989,101 by issuing up to 10,000,000 new no-par value bearer shares against cash contribution with indirect subscription rights for existing shareholders. Details of the terms of the capital increase will be announced before the start of the subscription period.