Red Rock Capital AG / Key word(s): Financing
Red Rock Capital AG is preparing initial financing measures for the development of the operative business
30.01.2019 / 18:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc Disclosure pursuant to Art. 17 Market Abuse Regulation
Red Rock Capital AG is preparing initial financing measures for the development of the operative business
Langenhagen – Hanover, 30th of January 2019 – As part of the development of the operative business under the roof of Red Rock Capital AG (ISIN DE000A1RFML1), the management board is currently reviewing various options for financing and prepares initial measures. With these means, the Red Rock Group is planning the acquisition of German residential real estate and participations in project development or rather service provider companies in the construction industry.
The management board received signals today from potential investors, according to whom they are willing to invest in the issue of so-called Secured Convertible Loan Notes for the total nominal amount of up to GBP 14 million, which is currently planned for the UK market through a subsidiary. Moreover, the Red Rock Group is considering to secure its financing with funds provided by a financing partner, which is refinanced through the issue of a publicly listed certificate, in an amount of up to EUR 100 million (the actual volume is dependent on the successful placement through the partner). The capital increase originally planned for the first quarter is not being realised for the time being. For a successful placement of the capital increase with domestic and foreign investors, it is firstly necessary to change into a higher value German OTC market segment, while the Company is planning to file corresponding applications for inclusion in the current year.
Contact:
Red Rock Capital AG
Thomas Prax, Board
In den Kolkwiesen 68
D-30851 Langenhagen – Hanover
Phone: +49 (0)511 676859 110
Fax: +49 (0)511 676859 101
Email: info@redrock-capital.ag
Web: https://www.redrock-capital.ag
UBJ. GmbH
Ingo Janssen, CEO
Haus der Wirtschaft, Kapstadtring 10
D-22297 Hamburg
Phone: +49 (0)40 6378 5410
Fax: +49 (0)40 6378 5423
Email: ir@ubj.de
Web: www.ubj.de
