UET United Electronic Technology AG completed capital increase against contributions in kind

• Registered share capital increased to EUR 9,447,590.00
• 1,000,000 new shares issued

Today, UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces the completion of a capital increase against contributions in kind. The capital increase is part of the transaction to acquire all outstanding shares of Albis Technologies AG, headquartered in Zurich, which has been announced in March 2015. 

The capital increase has already been recorded in the Commercial Register. As a result of the capital increase UET’s registered share capital increased from EUR 8,447,590.00 by EUR 1,000,000.00 to EUR 9,447,590.00 by issuing 1,000,000 new non-par value shares to barer with an arithmetical share in the registered share capital of EUR 1.00 per share.

Closing of the transaction and thus the certification of the UET shares is expected by end of August at the latest, the shares are subsequently included in the existing listing on the Frankfurt Stock Exchange.