11880 Solutions AG resolves cash capital increase from authorised capital
October 10, 2023 at 01:02 pm EDT
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EQS-Ad-hoc: 11880 Solutions AG / Key word(s): Capital Increase/Corporate Action
11880 Solutions AG resolves cash capital increase from authorised capital
10-Oct-2023 / 19:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Essen, 10 October 2023 - The Management Board of 11880 Solutions AG (WKN 511880) today resolved, with the approval of the Supervisory Board, to carry out a cash capital increase from authorised capital against cash contributions by issuing 317,000 new shares at an issue price of 1.05 euros. The capital increase will be carried out under exclusion of subscription rights to keep the administrative costs as low as possible in relation to the total proceeds.
The new shares will be subscribed by two private investors and Christian Maar, the CEO of 11880 Solutions AG.
11880 Solutions AG will use the inflow of funds to establish itself more quickly in the pay-per-lead business and to implement a profitability-driven corporate structure.
The capital increase will raise the company's share capital from the previous 25,915,200.00 euros to 26,232,200.00 euros. The new shares will carry dividend rights from 1 January 2023 and will be admitted to trading on the Prime Standard of the Frankfurt Stock Exchange.
10-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
11880 Solutions AG
Hohenzollernstraße 24
45128 Essen
Germany
Phone:
0201-80990
E-mail:
info@11880.com
Internet:
www.11880.com
ISIN:
DE0005118806, DE0005118806, ,
WKN:
511880, 511880
Indices:
Prime All Share
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
11 88 0 Solutions AG is a Germany-based communication company. The Company provides directory assistance and call center services. Its activities are divides into two segments: Directory Assistance and Digital. The Directory Assistance segment provides services related to inquires made at by phone for information regarding to phone numbers, pre-dial numbers and addresses. The Digital segment includes advertisements on the Company's platforms and Websites. The Company also offers online marketing services related to Google AdWords, Google My Business, social media Websites and company profiles on platforms, as well as tools and market analyses, and software for data, address and network management. The Company operates in Germany, Italy and Spain.