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Deutsche Bank issues 687.5m new shares at 11.65 euros each

Sunday, March 19, 2017 - 23:04

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Deutsche Bank issued 687.5 million new shares as part of an 8 billion euro (S$12.05 billion) capital increase, the company said on Sunday.

[FRANKFURT] Deutsche Bank issued 687.5 million new shares as part of an 8 billion euro (S$12.05 billion) capital increase, the company said on Sunday.

Deutsche Bank said the subscription price for new shares would be 11.65 euros per share, with the subscription ratio set at 2:1.

The subscription period will run from March 21 through to April 6 and the new shares will have same dividend entitlement as existing shares, the company said.

REUTERS

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