UMT United Mobility Technology AG (German Securities ID: 528610, ISIN: DE0005286108), as part of a capital increase from authorized capital with subscription rights excluded, allotted a total of 1,098,501 new no-par-value common bearer shares, with a share in capital stock of EUR 1.00 per share. The shares were successfully placed with a limited circle of selected investors by way of an expedited placement procedure at an issue price of EUR 1.25 per share. The company will earn gross issue proceeds in the amount of EUR 1,373,126.20 from the capital increase. The proceeds from the capital increase will allow UMT United Mobility Technology AG to be prepared for investment opportunities which may present themselves and which will successfully reinforce the current business strategy.

 

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