DGAP-Adhoc: Cashcloud AG to strengthen capital position
19.06.2015 – 21:45
Cashcloud AG / Key word(s): Capital Increase/Capital Reorganisation 19.06.2015 21:44 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Cashcloud AG to strengthen capital position - Binding commitment of an investor to provide fresh equity in the amount of EUR 1.5 million and immediate loan of EUR 400'000 from another investor - Conversion of existing loans of EUR 1.8 million into equity, subject to required approvals - Intention to issue 412'500 new shares from authorized capital by end of August 2015 - Issuance of new shares at EUR 8, corresponding to closing price on June 18, 2015, excluding subscription rights of current shareholders Basel, June 19, 2015. Cashcloud AG announces a binding agreement with an investor to provide the company with fresh equity in the amount of EUR 1.5 million. Additionally, another investor will provide the company with a loan of EUR 400'000, effective immediately. Finally, creditors have offered the company to convert loans in the amount of EUR 1.8 million into equity, subject to statutory procedures and approvals. The Board of Directors of Cashcloud AG therefore intends to issue 412'500 new shares from authorized capital by end of August. The new shares will be issued at EUR 8, the closing price of June 18, 2015, at Deutsche Börse (Xetra), excluding subscription rights of current shareholders. The number of shares will be increased from the current 12'000'000 to 12'412'500 shares. Available authorized capital will decrease from the current 6'000'000 to 5'587'500 shares. --------------------------------------------------------------------------- Language: English Company: Cashcloud AG Steinenberg 19 4051 Basel Switzerland Phone: +41 61 638 2052 Fax: +41 61 638 2025 E-mail: Internet: www.cashcloud.ag ISIN: CH0132106482 WKN: A14NYB Listed: Regulated Market in Frankfurt (General Standard) End of Announcement DGAP News-Service ---------------------------------------------------------------------------