EQS-Adhoc: Wolford AG: Capital increase will not be implemented
Source: EQS|
EQS-Ad-hoc: On
The Management Board was authorized to carry out the capital increase by Exploratory discussions with the majority shareholder have revealed that carrying out the capital increase within the timeframe set by the Annual General Meeting does not appear economically viable in light of the expected subscription volume of new shares. The non-implementation of the capital increase is not expected to impact the company’s ability to meet its liquidity needs. The majority shareholder has emphasized the long-term strategic importance of Against this background, the Management Board has decided to let the implementation period lapse and not to carry out the capital increase. The Management Board will propose to the next Annual General Meeting that the resolution on the capital increase be revoked. End of Inside Information
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| Language: | English |
| Company: | |
| Wolfordstrasse 1 | |
| 6900 Bregenz | |
| Phone: | +43/5574/6900 |
| E-mail: | investor@wolford.com |
| Internet: | www.wolford.com |
| ISIN: | AT0000834007 |
| WKN: | 83400 |
| Listed: | Regulated Unofficial Market in |
| EQS News ID: | 2269178 |
| End of Announcement | |
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2269178 31-Jan-