VST Building Technologies AG (WBAG:VST) announced a private placement of 100,000 new no-par value bearer shares at a price of €8.50 per share for gross proceeds of €850,000 on May 14, 2021. Post closing, the share capital of the company will be increased by up to €100,000 from the current €2,550,000 to up to €2,650,000. The subscription rights of the existing shareholders are to be completely excluded. The transaction has been approved by the management board of the company, and is subject to the approval of the supervisory board of the company. The required report by the management board on the exclusion of subscription rights for a cash capital increase from authorized capital is expected to be available on or around May 18, 2021.