on Tmc Content Group AG (ETR:ERO)
Tmc Content Group AG Announces Capital Measures and Name Change
tmc Content Group AG has invited shareholders to its Annual General Meeting on 16 June 2025, with plans to propose significant changes. The Board of Directors has decided to rebrand the company, suggesting a name change to VIDINEXT AG. Additionally, a reduction in capital is scheduled, involving a par value reduction and currency exchange from CHF to EUR, effective retroactively from 1 January 2025.
The par value per share will adjust from CHF 1.00 to EUR 0.20, decreasing the nominal share capital from CHF 41 million to EUR 8.2 million. The company plans to conduct its operations and accounting predominantly in euros, reflecting its eurozone-centric business activities.
Further proposals include establishing a new capital band, introducing conditional share capital for employee stock options, and allowing capital increases for financing and acquisitions. These changes aim to support the company's adaptation and rebranding efforts.
R. E.
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