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Airtificial launches a capital increase of 15 million guaranteed by its main shareholders

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10/Jan/2020 | Noticia

  • The Board of Directors has approved yesterday, January 9th, Thursday, a capital increase of 15 million euros in order not to slow down the pace of growth of the Company, mainly in the business unit of Intelligent Robots, included in the CEPYME 500 index by companies of greater expansion in recent years.

  • The capital increase is fully guaranteed by the Company’s current major shareholders, thus reinforcing their commitment to the Company.

  • On the other hand, and in line with the initial strategy designed at the time of the merger that gave rise to the Company, it has agreed to recompose the current board, accepting the resignation of three directors and appointing another two, Eduardo Montes (independent) and Enrique Sanz (nominee for Black Toro Capital.

Madrid, 10 January 2020. This morning, Airtificial’s board of directors approved a capital increase of no less than 15 million euros, fully guaranteed by Black Toro Capital and the main shareholders in order not to slow down the pace of the Company’s growth, mainly in the Intelligent Robots business unit, recently included in the CEPYME 500 index. Airtificial with its Intelligent Robots unit has been considered by the Spanish Confederation of Small and Medium Enterprises as one of the Spanish companies leading the business growth, both for its results and its capacity to generate added value, employment, innovation and international projection.

The capital increase will be carried out through the issue of new shares, with a nominal value of 0.09 euros per share, for which the share capital will be reduced and the balance with the company’s assets will be restored. The main shareholders thus reinforce their commitment to the company by fully guaranteeing this recapitalisation operation so that it does not slow down the company’s current growth.

On the other hand, and in line with the initial strategy that was designed at the time of the merger that gave rise to Airtificial, the board of directors has also agreed today to deepen the recomposition of the governing body, reducing the number of directors. The board has admitted the resignation of three of its members and appointed two more; Eduardo Montes (independent) and Enrique Sanz Herrero (nominee for Black Toro Capital).

With this capital increase, the Company thus meets one of the three main objectives set at the beginning of the new phase: to lay the foundations for the recapitalization process to continue driving growth. The second is the divestment of non-strategic assets that will enable the Company to be restructured from both an operational and financial point of view. And the last one is the closing of relevant contracts that are still in progress.

Contact: Almudena Estéban

915 76 52 50

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