Public disclosure of inside information according to article 17 MAR
CAG International AG: Disclosure of inside information pursuant to Article 17 para. 1 of the Regulation (EU) No. 596/2014 on market abuse
Baar
(pta032/25.01.2021/22:27 UTC+1)
Disclosure of inside information pursuant to Article 17 para. 1 of the
Regulation (EU) No. 596/2014 on market abuse (Market Abuse Regulation)
CAG International AG enters into a definitive agreement with GEM Yield
Bahamas Limited and GEM Global Yield LLC SCS for a share subscription
facility with an issue volume of up to EUR 25 million
Baar, Switzerland, 25 January 2021 - CAG International AG ("CAG"), a
company with shares admitted to trading on the Direct Market segment of
the Vienna MTF (Vienna Stock Exchange) under ISIN CH0505534542 (Ticker
Symbol: CAG:AV) today entered into a definitive agreement with GEM Yield
Bahamas Limited and GEM Global Yield LLC SCS (collectively "GEM") for a
share subscription facility with an issue volume of up to EUR 25 million
(the "Facility").
The Facility requires GEM to subscribe for ordinary shares of CAG at a
price determined by certain historic price and volume data up to a
maximum amount of a total EUR 25 million under the Facility. The
Facility has a term of three years.
GEM has agreed, subject to certain customary exceptions, to a leakage
agreement/lock-up arrangement limiting any share sales for the duration
of the agreement.
The net proceeds from any facility drawdown will be used to further
develop the business of CAG and to fund working capital requirements of CAG.
The Facility also provides that CAG shall issue warrants to GEM Global
Yield LLC SCS for a further 1,880,000 ordinary shares.
CAG expects to make the first facility drawdown at the earliest
opportunity. The price per share for such initial drawdown is expected
to be between EUR 10.75 and EUR 12.00.
Details of the final terms of the arrangements are expected to be
announced tomorrow through a separate joint announcement by CAG and GEM.
Contacts:
CAG International AG
Zugerstrasse 72
6340 Baar, Switzerland
info@caginternationalag.com
https://www.caginternationalag.com/
(end)
Emitter: |
CAG International AG Zugerstrasse 72 6340 Baar Switzerland |
|
---|---|---|
Contact Person: | Hans Amell | |
E-Mail: | info@caginternationalag.com | |
Website: | www.caginternationalag.com | |
ISIN(s): | CH0505534542 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Vienna MTF) |