The Management Board of FLUXX AG (ISIN DE0005763502), Altenholz, today resolved a capital increase for cash from the company’s approved capital, subject to the approval of the Supervisory Board. The capital stock will accordingly rise by up to EUR 3,210,010 to up to EUR 14,445,049. The shareholders are to be granted a direct subscription right, according to which the new shares are to be offered to shareholders at a ratio of 7 to 2, for purchase at a subscription price yet to be determined. Rights trading on the stock market is envisaged.
The details of the capital measure will be published in a rights offer. The company intends to use the proceeds from the stock flotation to finance the expansion of over-the-counter sales of lottery products and the Europe-wide development of further product segments such as sports betting, sports betting derivatives and complementary gaming products.