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Increase of sale of ordinary shares in PVA TePla AG in a private placement to institutional investors
Frankfurt/Main - PA Beteiligungsgesellschaft mbH ("PA Beteiligungsgesellschaft"), core shareholder of PVA TePla AG (ISIN: DE0007461006), Ticker: TPE.GR) ("PVA Tepla"), decided, on back of positive reactions to the private placement, to increase the number of shares to be placed from c. 8% to c. 11.5%, (i.e. up to 2,500,000 shares). These shares will be included into the accelerated book-building with institutional investors immediately.
Assuming full placement of all offered shares, PA Beteiligungsgesellschaft will reduce its holding from approximately 25.5% to approximately 14%. Accordingly, the free float in PVA TePla will increase from currently approximately 74.5% to approximately 86.0%.
The selling shareholder has agreed to a 2 year lock-up period on all remaining shares.
The information was submitted for publication at 19:00 CET on 24 June 2021 by Jefferies GmbH on behalf of PA Beteiligungsgesellschaft mbH.
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24.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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