CO.DON AG: Capital increase completed successfully
DGAP-News: CO.DON AG / Key word(s): Capital Increase
CO.DON AG - Capital increase completed successfully
Berlin / Teltow, 22 May 2019 - CO.DON Aktiengesellschaft, Berlin (DE000A1K0227) successfully placed its cash capital increase with subscription rights from authorised capital by issuing 1,056,568 new shares today. The gross issue proceeds amount to some EUR 4.3 million.
After entry in the commercial register the company's share capital is therefore increased by EUR 1,056,568.00 from EUR 20,331,382.00 to EUR 21,387,950.00 by the issue of 1,056,568 new bearer shares, each representing EUR 1.00 of the company's share capital.
The new shares are to be admitted for trading on the regulated market (General Standard) of Frankfurt Stock Exchange without a prospectus and are expected to be listed on 24 June 2019.
"My thanks go to our shareholders for their great interest in the capital increase. It is an expression of their confidence in the business case of CO.DON AG and an important acknowledgement of our progress on the way towards marketing our main product across the EU. This funding enables us to step up our European expansion once again and to take the first steps towards extending our portfolio", said Ralf Jakobs, CEO of CO.DON AG.
Lead manager for the cash capital increase was Baader Bank Aktiengesellschaft, Unterschleißheim.
CO.DON AG develops, produces and markets autologous cell therapies for the minimally invasive repair of cartilage defects. The product being marketed is a cell therapy product that uses only the patient's own cartilage cells ("autologous chondrocytes"). CO.DON's method is currently used in over 200 clinics in Germany and more than 14,000 patients have already been treated. In July 2017 we received marketing authorisation for the advanced therapy medicinal product Spherox from the European Medicines Agency. The shares in CO.DON AG are listed on the Frankfurt Stock Exchange (ISIN: DE000A1K0227). Executive Board: Ralf M. Jakobs.
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22.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange|
|EQS News ID:||814881|
|End of News||DGAP News Service|