ATC 1.61% 6.1¢ altech batteries ltd

Things have changed since the prospectus was issued. They'll...

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    Things have changed since the prospectus was issued. They'll have an extraordinary Annual General Meeting on 15.01.2020.
    The document is available on AAM website, unfortunately is in PDF format but there are ways to translate it if you want.
    I'll post here the part that interests Altech :

    Heidelberg (pta017/05.12.2019/15:20) - Altech Advanced Materials AG ("AAM / the Company")(FRA: AMA1) invites you to its offices on January 15, 2020 at 13:00 hrs for the extraordinaryAnnual General Meeting. The most important item is the extension of the deadline for the implementation of thecapital increase resolution of 17 July 2019, which expires on 16 January 2020. The deadline shall bethree months until 16 April 2020. This is against the background of the fact that theapproval of the prospectus required for the capital increase took longer than originally plannedand thus the time until expiry of the deadline for the implementation of the capital increase resolution is expected to beis no longer sufficient for a well-organized private placement, especially in view of the forthcomingChristmas holidays.The securities prospectus for the capital increase was published on 29 November 2019 by the Bundesanstalt fürFinancial Services ("BaFin"). It is now available on the Company's website athttps://www.altechadvancedmaterials.com/de/bezugsangebot available. The subscription period for theCapital increase for all existing shareholders will run from 3 December 2019 to 16 December 2019.company expects a capital increase of between 5 and 10 % in this capital increase aimed at private investors.to be able to place millions of euros.In accordance with the Company's financing strategy, larger volumes are planned within the framework of theto place a private placement. Family offices, institutional investors, etc. are to be won for this purpose.will be. For this purpose, the company also cooperates with reputable banks, which are involved in thesupport the capital procurement process. As a result of the delay in obtaining the approvedthe securities prospectus and the Christmas holidays which are very close after the end of the subscription period.The Company is of the opinion that it is more effective to carry out the private placement at the beginning of 2020.This also gives the possibility to include possible investors in the private placement, which willcompany within the framework of the Advanced Automotive Battery Conference, which took place from 13 to 16 November.January 2020 in Wiesbaden and where AAM will also present itself.Existing shareholders should use the subscription period from December 3, 2019, to December 16, 2019, to participate in theproject, since the following private placement is open to institutional investorsand therefore a purchase of New Shares is no longer expected for the existing shareholders.https://www.pressetext.com/news/201912050171 of 3 05.12.2019, 15:32is possible.The approval of the securities prospectus by the Bundesanstalt für Finanzaufsicht (Federal Financial Supervisory Authority) is not to be construed as ato understand the endorsement of the securities offered. Potential investors should read the prospectus,before making an investment decision in order to assess the potential risks and rewards of the decision to invest into invest the securities.Translated with www.DeepL.com/Translator (free version)
    Last edited by adrian1964: 07/12/19
 
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