Following the official publication of the company from May 24th 2016, UMT United Mobility Technology AG, announces - as part of a capital increase from authorized capital with exclusion of subscription rights - a successful placement of 1,588,805 new no-par-value common bearer shares at EUR 1.25 per share. The shares were successfully placed to institutional investors in Germany and abroad and will be fully entitled to participate in earnings as of 1 January 2016. The demand from the financial investors significantly exceeded the available shares. The company will earn gross issue proceeds in the amount of almost EUR 2.0 million from the capital increase. Management of UMT intends to use the proceeds from the capital increase to reinforce the current business strategy by strengthening research & development, enhance its own loyalty engine and increase its salesforce.

 

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