BizLink Holding Inc.

08/26/2024 | Press release | Distributed by Public on 08/25/2024 23:54

On behalf of the major subsidiary BizLink elocab GmbH, BizLink announces a capital increase via debt to equity conversion.

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Provided by: BizLink Holding Inc.
SEQ_NO 9 Date of announcement 2024/08/26 Time of announcement 13:51:20
Subject
 On behalf of the major subsidiary BizLink elocab GmbH,
BizLink announces a capital increase via debt-to-equity
conversion.
Date of events 2024/08/26 To which item it meets paragraph 11
Statement
1.Date of the board of directors resolution:2024/08/26
2.Source of capital increase funds:Parent company EA Cable Assemblies GmbH
has contributed to the capital increase of BizLink elocab GmbH through a
debt-to-equity conversion.
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
No
4.Total monetary value of the issuance and number of shares issued (shares
 issued not including those distributed to employees if consisting in
 capital increase from earnings or capital surplus):
Monetary value: EUR 17 million.
Number of shares: Not applicable
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:Not applicable
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:Not applicable
7.Par value per share:Not applicable
8.Issue price:Not applicable
9.Number of shares subscribed for by or allocated to employees:None
10.Number of shares publicly sold:None
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:100%
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:None
13.Rights and obligations of these newly issued shares:The same as those
of the original shares.
14.Utilization of the funds from the capital increase:Strengthen financial
structure
15.Any other matters that need to be specified:None