Munich – Formycon AG (ISIN: DE000A1EWVY8/ WKN: A1EWVY) is today reporting on the latest status of the capital increase approved on March 22, 2019 by the Executive Board and Supervisory Board and entered into the commercial register on April 10, 2019, under the terms of which the company’s share capital has been increased by EUR 577,397.00 from EUR 9,422,603.00 to EUR 10,000,000.00 with partial utilization of the approved capital through the issue of 577,397 new, bearer shares with a calculated proportion of the share capital of EUR 1.00 apiece and an issue amount of EUR 29.90 per share in return for cash investment.
As of today, EUR 577,397.00 have been paid in as nominal payments and EUR 4,422,603.00 as a debt contribution, totaling EUR 5,000,000.00, to the company’s capital increase account. The signatory M&H Equity AG’s debt contribution amounting to EUR 12,264,170.30 is therefore still outstanding. The shares have so far not been delivered due to the as yet unsettled payment.
Formycon AG has a very solid liquidity and capital base and long-term development partnerships, which means that there are no anticipated effects on ongoing or planned development activities.