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Increase of sale of ordinary shares in PVA TePla AG in a private placement to institutional investors
Frankfurt/Main - PA Beteiligungsgesellschaft mbH ("PA Beteiligungsgesellschaft"), core shareholder of PVA TePla AG (ISIN: DE0007461006), Ticker: TPE.GR) ("PVA Tepla"), decided, on back of positive reactions to the private placement, to increase the number of shares to be placed from c. 8% to c. 11.5%, (i.e. up to 2,500,000 shares). These shares will be included into the accelerated book-building with institutional investors immediately.
Assuming full placement of all offered shares, PA Beteiligungsgesellschaft will reduce its holding from approximately 25.5% to approximately 14%. Accordingly, the free float in PVA TePla will increase from currently approximately 74.5% to approximately 86.0%.
The selling shareholder has agreed to a 2 year lock-up period on all remaining shares.
The information was submitted for publication at 19:00 CET on 24 June 2021 by Jefferies GmbH on behalf of PA Beteiligungsgesellschaft mbH.
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The securities of PVA TePla AG have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under any applicable securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, in or into the United States absent registration or in transactions exempt from or not subject to the registration requirements of Securities Act. There will be no public offer of the securities in the United States.
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24.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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