Deutsche Rohstoff AG: Redemption of 127,810 repurchased shares and respective capital decrease
Mannheim 05.10.2022 / 11:02 CET/CEST The Management Board of Deutsche Rohstoff AG (“Company”) has resolved, with the consent of the Supervisory Board, using the authorization of the Company’s Annual General Meeting of 28 June 2022, to redeem 127,810 own shares, which were acquired in the context of a share buyback program until May 2016, in a simplified procedure pursuant to sections 71 (1) no. 8 sentence 6, 237 (3) no. 2 AktG and to decrease the share capital accordingly. This corresponds to approximately 2.49 percent of the company’s share capital.
The number of issued shares of the Company will thus be decreased from 5,125,981 to 4,998,081. The share capital of the Company will be decreased accordingly from EUR 5,125,981.00 to EUR 4,998,081.00 by the capital reduction.
The redemption and the capital decrease will take place in the coming weeks. After the redemption, the Company will no longer hold any own shares.
Mannheim, 5 October 2022
Deutsche Rohstoff identifies, develops and disposes of attractive raw material deposits in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold and tungsten round off the portfolio. Further information at www.rohstoff.de.
Contact
Deutsche Rohstoff AG
Jan-Philipp Weitz
Phone +49 621 490 817 0
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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.
