GWB Immobilien AG has completed a planned capital increase successfully: 700,000 new shares have in total been placed with institutional investors at an issue price of 1.25 per share in the context of a private placement. GWB has strengthened its equity base with the proceeds of 875,000. The share capital of the company is increasing to 7,875,000 as a result of this corporate action.
"The interest shown in the GWB share and the positive feedback from investors have been a great encouragement to us. We succeeded in placing all the new shares within just one day. The financial resources we have obtained as a result guarantee the implementation of further projects", explains Dr Norbert Herrmann, CEO of GWB Immobilien AG.
Following registration of the capital increase, the share capital of the company will increase to 7,875,000, divided up into 7,875,000 bearer shares with no par value. Bankhaus Donner & Reuschel AG, Hamburg, assisted with this transaction.
Source: Kirchhoff Consult AG