2G Energy AG plans to split its shares following a capital increase on company funds


2G Energy AG / Keyword(s): Corporate Action/AG/AGE
2G Energy AG plans to split its shares following a capital increase on company funds

21-Apr-2022 / 13:50 CET/CEST
Disclosure of privileged information according to. in Article 17 MAR of Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Internal information acc. in article 17 MAR

2G Energy AG plans to split its shares following a capital increase on company funds

Heek, April 21, 2022 – The management board of 2G Energy AG (ISIN DE000A0HL8N9) decided today, with the agreement of the supervisory board, to propose to the annual general meeting scheduled for June 3, 2022 to adopt a resolution to apply the company funds of EUR 4,485,000.00 in the amount of EUR 13,455,000.00 to increase the capital of the Company to EUR 17,940,000.00 (in accordance with §§ 207 et seq. of German law on joint-stock companies). It is planned to carry out the capital increase by issuing 13,455,000 new bearer shares, each representing a par value of 1.00 EUR, so that three new shares will therefore be issued for each old share. Subject to the approval of the resolution by the annual general meeting, the new shares will give right to profit sharing from January 1, 2022.

Existing interests in the Company currently held by shareholders will in no way be modified either by the capital increase on the Company’s own funds or by the division of shares. In the event of approval of the resolutions proposed by the annual general meeting and registration of the amendments to the articles of association in the commercial register, three new shares will be automatically issued for each existing share.
An expected consequence of increasing the number of company shares by a factor of 4 (share split) is a corresponding adjustment in the stock price and, therefore, an even higher attractiveness, especially for investors. private, and a further increase in liquidity in stock exchanges.
It is expected that the agenda for the 2022 Annual General Meeting, including the proposed resolutions, will be published in the Federal Official Gazette (Bundesanzeiger) at the end of April 2022.

Contact:
2G Energy AG
Friedrich Pehle, CFO
Benzstr. 3, 48619 Hek
Tel: +49 (0) 2568 93 47 – 2636
Fax: +49 (0) 2568 93 47 – 15
Email: [email protected]
Web: www.2-g.com

End of privileged information

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