1&1 AG plans 20% capital increase for EUR 850.24 million loan repayment

1&1 AG's management board plans a 20% capital increase by issuing new shares at EUR 24.05 each, excluding subscription rights. United Internet will subscribe to these new shares, increasing its stake to about 89.32% from 87.19%. The capital increase is to be financed by a non-cash contribution of United Internet's loan repayment claims against 1&1 Versatel, totaling EUR 850.24 million.