OTI Greentech AG: Capital increase registered

OTI Greentech AG (ISIN DE000A2TSL22), an international provider of innovative and sustainable chemical products and services for industry, listed on the Düsseldorf Stock Exchange, informs that the cash capital increase with subscription right of the existing shareholders, adopted on 4 February 2021 (see ad hoc disclosure), has been entered in the commercial register of the local court Berlin Charlottenburg.


Altogether 260,682 new no-par value bearer shares with a proportionate amount in the share capital of EUR 1.00 each have been issued. 146,682 shares were allotted through the subscription right during the subscription period from 12 April 2021 to 26 April 2021. The allotment of the remaining 114,000 shares was carried out within the framework of a private placement.


As a result, the share capital of the company increases from EUR 7,257,458.00 to EUR 7,518,140.00.


The by-laws of the company have been adapted accordingly.


The inclusion of the new shares into the quotation of the existing shares of the company will probably take place in June 2021.


The inflow of funds from the capital increase represents a building block for the take-over of KMI Cleaning Solutions, Inc. As far as further financing options are concerned, the company is already in advanced discussions with investors. OTI continues with the take-over of KMI as planned.