DGAP-Adhoc

Allgeier approves capital increase for growth financing

DGAP-Ad-hoc: ALLGEIER SE / Key word(s): Capital Increase Allgeier approves capital increase for growth financing 20-Jun-2017 / 17:46 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Munich, June 20, 2017 - In accordance with its intention announced on June 6, 2017, the Management Board of Allgeier SE (ISIN DE0005086300, WKN 508630) has today, with Supervisory Board assent, approved an increase in the company's share capital against cash capital contributions by up to almost 10% on the basis of the authorizations by the shareholders' General Meetings of June 17, 2014 (Approved Capital I) and June 23, 2015 (Approved Capital II).

The company's share capital is to be increased through partial utilization of Approved Capital I and Approved Capital II from currently EUR 9,071,500.00 through issuing up to 907,149 no-par value ordinary bearer shares to a total of up to EUR 9,978,649.00. The new shares are to be dividend-entitled from January 1, 2017. The shareholders' statutory subscription rights are excluded. The new shares will be included in the existing listing of the company's shares prospectively on July 3, 2017, after the company's Ordinary Annual General Meeting, which is to be held on June 28, 2017.

 

The new shares are to be issued by way of a bookbuilding procedure without a listing prospectus to institutional investors and other investors pursuant to the applicable exemptions for private placings in Europe. Furthermore, the company's directors and other Allgeier Group managers have notified the company their intention to participate in the capital increase. The final placing volume and placing price will be communicated in a separate ad hoc announcement. The placing price will not be significantly less than the current stock market price of the share of Allgeier SE. Baader Bank Aktiengesellschaft is to manage the transaction.