SGL Carbon has announced a capital increase to deleverage the balance sheet. The company will issue 30m new ordinary shares against cash contributions. The new bearer shares with a no par value (notional value of €2.56) will be offered to existing shareholders at a ratio of 40:13 and a subscription price of €6 per share. THe gross proceeds should reach €180m. In September 2016, the equity ratio reached only 6% and will be increased to 14.8% via the capital increase.
29 Nov 2016
A capital increase was imminent!
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A capital increase was imminent!
SGL Carbon SE (SGL:WBO) | 0 0 -0.4% | Mkt Cap: 1,409m
- Published:
29 Nov 2016 -
Author:
Heinz Steffen -
Pages:
2
SGL Carbon has announced a capital increase to deleverage the balance sheet. The company will issue 30m new ordinary shares against cash contributions. The new bearer shares with a no par value (notional value of €2.56) will be offered to existing shareholders at a ratio of 40:13 and a subscription price of €6 per share. THe gross proceeds should reach €180m. In September 2016, the equity ratio reached only 6% and will be increased to 14.8% via the capital increase.