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Cryptology Asset Group p.l.c. resolves a cash capital increase and sale of treasury shares
Friday, April 16, 2021 11:53AM IST (6:23AM GMT)
Disclosure of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014
Sliema, Malta:
The Board of Directors of Cryptology Asset Group p.l.c. (ISIN: MT0001770107; Ticker: CAP) today resolved to increase the share capital of the Company by 128,375 new shares and to sell 31,625 treasury shares which is the entire position Cryptology holds of own shares after the buyback done over the last months. Shareholders subscription rights to the new shares and the treasury shares are excluded.
The Company has entered into binding subscription agreements for the entire amount of in total 160,000 shares with several institutional investors. Closing of the transaction is expected for end of April 2021.