DGAP-News

The NAGA Group AG: Hamburg-based FinTech company THE NAGA GROUP AG announces IPO. Planned inclusion in the 'Scale' segment of Deutsche Börse AG, Frankfurt. - Seite 2

In total, up to 1,000,000 new registered shares in The NAGA Group AG will be offered for subscription from 8 June (9:00 am) until probably 29 June 2017 (12:00 pm for private investors, 3:00 pm for institutional investors). The public offering is aimed at private and institutional investors in Germany, Austria and Spain. There will also be a placement in Switzerland. The share capital of the issuer of currently EUR20,008,048.00 will be raised to up to EUR21,008,048.00 on successful placement of the new equities.

The price at which the purchase offer can be made is EUR2.60 per new share (WKNA161NR, ISIN DE000A161NR7) on subscription via the subscription tool DirectPlace on the Frankfurt Stock Exchange. Those interested in subscribing who already hold a Real Money Account at the broker Hanseatic Brokerhouse Global Marktes Ltd (HBGM), which the issuer is currently acquiring, or who open such an account to subscribe to this offer are entitled to make an offer to purchase with a discount of 5 per cent on the price, or EUR 2.47 per new share. This subscription will be made via the NAGA trading app SwipeStox or via the company's website.

The likely listing date of the shares in the Scale segment is planned for 10 July 2017. The gross emission revenues of up to EUR2.6 million are intended to finance the further growth of the company and will be invested in marketing to attract more users to the SwipeStox app, and also in both the company's software and business development.

Against the background of the capital measures successfully completed at the end of the first quarter of 2017, NAGA is already very well financed for the planned growth of the company, which is why the IPO is particularly aimed at improving the company's profile and developing its equity - including as a currency for further expansion.

NAGA wants to change the financial landscape through its technology

The innovative FinTech implements fast-moving technological developments that keep pace with the continuously growing requirements of the financial industry. The company's mission is to develop, promote, and grow pioneering applications in financial technology which will transform the currently outdated financial system and make this new reality more accessible to everybody.