Aconnic AG Executes Capital Increase Following Conversion Right

aconnic AG has announced a capital increase of EUR 1,000,000, raising its total capital to EUR 16,240,000. This action results from the exercise of a conversion right by an investor holding a convertible bond issued in December 2020. The bond had an original volume of EUR 3,000,000, and the current conversion pertains to EUR 1,000,000.

This capital increase will be completed by issuing 1,000,000 new shares, each with a nominal value of EUR 1.00, without subscription rights. The new shares will be submitted for trading on the German Stock Exchange, with the process expected to conclude by the end of Q3 2024.

The remaining EUR 2,000,000 of the bond can either be repaid or converted into equity by December 31, 2024. The decision to exercise this right lies solely with aconnic AG.

CEO Werner Neubauer stated that this transaction demonstrates investor confidence and fortifies the company’s capital structure to support further development and expansion plans.