TC Unterhaltungselektronik AG: capital increase

Koblenz (pta041/31.08.2022/20:20) - In today's joint meeting (August 31, 2022), the Management Board and Supervisory Board of the company decided to put the following measures to strengthen the capital base up for vote at the next Annual General Meeting, which is expected to be convened next week and is scheduled to take place in November 2022 :

The company's share capital of €1,277,288.00, divided into 1,277,288 shares, will be increased by up to €8,000,000.00 against cash contributions by issuing up to 8,000,000 new no-par value bearer shares with a calculated share in the share capital increased from €1.00 each to up to €9,277,288.00.

The shareholders Petra Bauersachs, Guido Ciburski and Andree Freelandt have waived their subscription rights.

The company's share capital is to be further increased by increasing the share capital against a contribution in kind, excluding shareholders' subscription rights, in the amount of EUR 10,722,712.00 by introducing corresponding units of the digital currency YEM into a wallet of the company.

Ms. Nicole Herdin (Heilbronn) and Mr. Daniel Settgast (Bahrain), who is a member of the company's Management Board, will be admitted to subscribe to the capital increase by contribution in kind. Statutory subscription rights are excluded.

The shares are also no-par value bearer shares with a calculated nominal value of €1.00 per share. The new shares are entitled to participate in profits from January 1, 2023. The new shares will be issued at an issue price of €1.00 per share.

(Ende)