ALNO AG To Present Financial And Capitalisation Concept At AGM

Alno has decided on a comprehensive financial and capitalization concept among the ALNO Group’s Board of Management and its main shareholders and banks. Among other things it includes a capital reduction with subsequent, guaranteed cash capital increase, as well as significant restructuring contributions by the banks and existing shareholders. The financial and capitalization concept was decided on after the company incurred additional loss equal to half the share capital (Section 92 Stock Companies Act (AktG). The capital reduction with subsequent cash capital increase will be presented to the shareholders for resolution at the Annual General Meeting on 21 August.

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