CybAero: plans directed share issue to increase US fund influence, including board seats
Research Note
2015-12-15
09:36
CybAero announces today that the firm's board has resolved to conduct a directed share issue to Subversive Capital LLC. CybAero's board also proposes the fund get two board seats. The resolution is subject to approval by the extraordinary general meeting Dec 30, 2015. As we do not have any detailed information about the investor, we don't have a strong opinion on how positive this development is for the firm.
AS
Alexander Sattelmaier
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