The Management Board of UMT United Mobility Technology AG (German Securities ID 528610, ISIN DE0005286108) resolved today, with the approval of the Supervisory Board, to increase the capital stock by up to EUR 1,588,805.00 from authorized capital by issuing up to 1,588,805 new no-par-value common shares, with each share representing EUR 1.00 of the capital stock (the "New Shares"), in exchange for a cash contribution. This will raise the capital stock from EUR 15,888,051.00 today to as high as EUR 17,476,856.00. The New Shares will be offered to a limited group of selected investors by way of private placement at an issue price of EUR 1.25 per share and will be fully entitled to participate in earnings as of 1 January 2016. The Management Board has excluded shareholder subscription rights to these New Shares, with the approval of the Supervisory Board. The exclusion of subscription rights was possible because the capital increase involves less than ten percent of the present capital stock. UMT United Mobility Technology plans to invest the proceeds from the capital increase in the further development of its technology platform and in creating a loyalty product for new customers.

 

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