2025 ahead ayondo Franchise coming soon
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
|
EQS-News: UET United Electronic Technology AG
/ Key word(s): Financing/Miscellaneous
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, issues a convertible bond in the amount of 2 million EUR. The convertible bond has a fixed term of 3 years and grants the right for a conversion into into equity by issuing new shares. In the event of full repayment, interest and principal become due at the end of the term in 3 years. This strategic financial measure improves cash flow. The new funds available from the convertible bond will be used for the expansion and development of business areas and thus for investments. UET AG will increase its investments in the areas of energy efficiency and sustainability in the future. The convertible bond will be taken over by two existing investors of UET AG. CEO Werner Neubauer also invests via an investment vehicle to provide new capital. "Investments in sustainable business opportunities make sense and are promising further development options for our group," says Werner Neubauer. "The convertible bond provides us with attractive financing to drive our expansion. We have already had positive experience with this financial instrument in recent years." Currently, there is already a convertible bond of EUR 3 million available for conversion or repayment at the option of the bondholders.
About UET United Electronic Technology AG UET United Electronic Technology AG is an international technology company with hardware, software and service systems for the establishment and operation of telecommunications networks for secure, energy-efficient and sustainable digitization. Sustainability is a central part of the business model. The UET Group has as a value chain with research and development, supply chain and service. Systems and services are used by customers such as Deutsche Telekom, Orange, Telecom Italia, A1 Telekom Austria and América Móvil. The UET Group is the only international systems supplier for critical communications infrastructure with European research, development and production and headquarters in Germany. The UET Group has been listed on the German Stock Exchange since 2006. With an annual growth rate of 20 percent, its 250 employees in eight countries generate revenues of around 60 million euros.
Contact: UET United Electronic Technology AG D-65760 Eschborn, Frankfurter Straße 80-82 Sebastian Schubert, Investor Relations Tel: + 49 (0) 6196 7777550; E-Mail: investor@uet-group.com
24.10.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | UET United Electronic Technology AG |
| Frankfurter Straße 80-82 | |
| 65760 Eschborn | |
| Germany | |
| Phone: | +49 (0)6196-7777550 |
| Fax: | +49 (0)6196-7777559 |
| E-mail: | investor@uet-group.com |
| Internet: | www.uet-group.com |
| ISIN: | DE000A0LBKW6 |
| WKN: | A0LBKW |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart |
| EQS News ID: | 1756103 |
| End of News | EQS News Service |
|
|
1756103 24.10.2023 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
