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03-05-2020News

Vectron Systems AG places capital increase with Heuking

A team led by Dr. Thorsten Kuthe advised Vectron Systems AG on a capital increase of about 10 percent of its share capital. By making partial use of the authorized capital and excluding shareholders’ subscription rights, the company was able to generate gross proceeds of some EUR 11 million. The new shares were allocated at a placement price of EUR 15.10 per new share in accelerated bookbuilding. The high interest in subscribing the new shares led to the bookbuild to close after only a few hours. Hauck & Aufhäuser acted as sole bookrunner in the placement.
 
Vectron Systems AG is a provider of intelligent POS systems consisting of hardware, software, and cloud services, focusing on the hospitality and bakery industries.

Counsel to Vectron Systems AG
Heuking Kühn Lüer Wojtek:

Dr. Thorsten Kuthe (Lead, Capital Markets),
Stefan Westerheide, LL.M. oec,
Dr. Gero Lingen,
Sascha Beck (all Capital Markets), all Cologne

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