technotrans Group successfully completes private placement of treasury shares

Sassenberg, November 3, 2016, 7.00 pm – technotrans AG has successfully completed the placement of its holding of 374,915 treasury shares, with the involvement of Bankhaus Lampe, Düsseldorf. All treasury shares held (equivalent to around 5.43 % of the share capital) have been disposed of to long-term investors in Germany and other European countries. The total gross proceeds of the disposal amount to EUR 8,154,401.25.

The proceeds from the placement of the treasury shares will increase the company’s financial flexibility, partly for general business purposes but also to offset the financing of the majority interest acquired in gwk Gesellschaft Wärme Kältetechnik mbH.

Bankhaus Lampe acted as financial advisor for the placement.