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  • The Management Board of the Northern Data AG (ISIN DE000A0SMU87, WKN A0SMU8, ticker NB2) today resolved with the approval of the Supervisory Board to increase the Company's issued share capital by issuing 431,225 new no-par value ordinary bearer shares. This corresponds to 3.64% of the current share capital. The shares are issued against cash contributions partially utilizing the existing authorized capital and excluding the existing shareholders' subscription rights. The shares are issued at EUR 50 per share; thus the total gross issue proceeds are EUR 21,561,250. All shares will be subscribed by strategic investor Block.One. Block.One is the global leader in high performance blockchain software and author of the EOSIO open source software. Block.one and Northern Data intend to work together closely to build software infrastructure on EOSIO for Northern Data's HPC facility. The net proceeds from the capital increase shall be used to strengthen the balance sheet, accelerate the growth of existing business activities and general corporate purposes. The new shares will be included without a prospectus in the existing listing on the Open Market of the Munich Stock Exchange (m:access). -0- *T Language: English Company: Northern Data AG Thurn-und-Taxis-Platz 6 60313 Frankfurt/Main Germany Phone: +49 69 34 87 52 25 E-mail: info@northerndata.de Internet: www.northerndata.de ISIN: DE000A0SMU87 WKN: A0SMU8 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange *T View source version on businesswire.com: Contact Press contact: Northern Data AG Dr. Hans Joachim Dürr Head of Corporate Communications E-Mail: h.duerr@northerndata.de Telefon: +49 69 348 752 89 Investor Relations: Sven Pauly E-Mail: ir@northerndata.de Telefon: +49 89 125 09 03 3 © 2020 Business Wire, Inc. Disclaimer: This material is not an AFP editorial material, and AFP shall not bear responsibility for the accuracy of its content. In case you have any questions about the content, kindly refer to the contact person/entity mentioned in the text of the release.
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  • Press Release from Business Wire: Northern Data AG
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