Varta Expects Cancellation Of Existing Shares, Delisting

Reuters
2025.03.05 09:55
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VARTA AG :EXPECTS THE CAPITAL MEASURES TO TAKE EFFECT IN THE SHORT TERM, LEADING TO THE CANCELLATION OF THE EXISTING SHARES AND TO A DELISTINGTO REDUCE SHARE CAPITAL TO EUR 0 AND INCREASE CAPITALBOARD APPROVES CAPITAL REDUCTION AND INCREASENEW SHARES SUBSCRIBED BY COMPANIES CONTROLLED BY MAJORITY SHAREHOLDERPREVIOUS SHAREHOLDERS ELIMINATED WITHOUT COMPENSATIONTO CREATE CONDITIONS FOR DISBURSEMENT OF EUR 60 MILLION LOAN

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