Ad hoc announcement pursuant to Art. 53 LR
September 23, 2024 - Basel – Youngtimers AG, a Swiss-listed company (“Company”), has placed 10 million new shares at CHF 0.42 per share conducted through private placement as approved by the Company’s annual shareholders meeting on May 29, 2024 (“Placement”). The cash proceeds from the Placement will mainly be used for strategic acquisitions. Upon the completion of the registration of the issuance of the new shares and their listing at the Swiss Stock Exchange, Youngtimers AG will have 72,013,566 shares of common stock outstanding traded under the ticker YTME.
The Placement has been led by Nobias Media, Luxembourg.
The Company expects the CHF 4.2 million capital increase to be registered in the Commercial Register and the listing approved by SIX Swiss Exchange in October 2024.
Youngtimers AG also informs that it is working on the implementation of the transaction with C Capital group announced on July 15, 2024, with further details expected to be released before or on October 15, 2024.
About Youngtimers AG
Youngtimers AG is an investment firm specializing in small and mid-cap listed equities. Youngtimers AG is listed in Switzerland (symbol YTME on the SIX Swiss Exchange) and headquartered in Basel, for more information please refer to youngtimers.com.
Contacts
Youngtimers AG
Renger van den Heuvel, CEO
renger@youngtimers.com
