windeln.de makes progress with planned capital measures
Munich, December 13, 2019: After the successful settlement of shareholder actions against the resolutions of the Extraordinary General Meeting of September 27, 2019, windeln.de SE ("windeln.de" or “Company”) expects that the resolution to reduce the Company’s share capital will be registered with the Commercial Register in the next couple of days.
The ensuing technical implementation of the decrease 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 course of the next weeks. The capital decrease will lead to a conversion of the stock exchange listing of the existing shares. The last trading day of the existing shares prior to conversion will presumably be December 20, 2019.
The capital decrease is the basis for the anticipated capital increase with subscription rights against contribution in cash, also resolved by the Extraordinary General Meeting on September 27, 2019, which is supposed to take place in the early weeks of 2020. It is intended to increase the Company’s share capital from EUR 2,989,101 by up to EUR 10,000,000 to up to 12,989,101 by issuing up to 10,000,000 new ordinary bearer shares with no-par value against contribution in cash with indirect subscription rights for existing shareholders. Details on the terms of the capital increase will be provided prior to the beginning of the subscription period.