Provaluta Recycling SE
Recyc Commodities SE : Capital Increase to help expand the international business operations
Recyc Commodities SE / Key word(s): Miscellaneous 14.06.2012 / 17:35 --------------------------------------------------------------------- Karlsruhe, June 14, 2012 - The Board of Directors were mandated by the shareholders in conformance with resolutions passed at a general meeting of the Recyc Commodities SE on February 14, 2011, to increase the authorized capital by up to EUR 700,000.00 through the issuing of up to 700,000 new bearer shares. In light of this mandate, the Board of Directors have decided in a meeting on June 13, 2012 to increase the company's share capital from the current EUR 1,400,000.00 by up to EUR 700,000.00, or up to a total of EUR 2,100,00.00 through the issuing of up to 700,000 bearer shares without a nominal value with a calculated share of the capital stock of EUR 1.00 per share for cash. The new shares will be issued at a price of EUR 1.00 per share and will be entitled to full dividend participation for the 2011 business year. The subscription ratio will be 2 for 1, or in other words, current shareholders will be entitled to suscribe for 1 new share at the price of EUR 1.00 for every 2 shares currently held. The subscription period for potential investors shall commence tomorrow, Friday, June 15, 2012, and will end on Thursday, June 28, 2012 at 24:00. The company will use the capital amongst other things, for its investment in ECOAUTO Azahara SL in Spain (see company news from May 16, 2012) and to expand business operations. The complete details of the subscription offer can be found under https://www.bundesanzeiger.de/ebanzwww/wexsservlet?session.sessionid=e6dd7 26cba6b788cc993b1f426b25954&page.navid=detailsearchlisttodetailsearchdetai l&fts_search_list.selected=38edb2ef926b7ffe&fts_search_list.destHistoryId= 66569 About Recyc Commodities SE The Recyc Commodities SE finances potential high growth companies in the recycling industry, in their early and expansion phases. The financial holdings are concentrated on innovative firms situated for the most part in Germany. Recyc Commodities invests in partnerships as well as in exchange listed corporations. In exceptional cases, Recyc Commodities is also prepared to take over the management functions for certain specially picked companies and / or service providers in the recycling- and raw materials business. Further information about Recyc Commodities SE can be found in the internet under http://recyc.info/ Recyc Commodities SE Herrenstraße 9 76133 Karlsruhe Germany T.: +49 (0)721 94 880 0 F.: +49 (0)721 94 88011 E.: recyc@recyc.info End of Corporate News --------------------------------------------------------------------- 14.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 174074 14.06.2012
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