ALLGEIER SE
ALLGEIER SE: Allgeier intends capital increase to finance further growth investments
ALLGEIER SE / Key word(s): Capital Increase Munich, June 6, 2017 – In light of the high level of investments Allgeier SE (ISIN DE0005086300, WKN 508630) has already made in expanding its Allgeier Experts and Allgeier Enterprise Services divisions, the company intends to implement a capital increase to finance more growth investments, especially to realize further acquisitions. The capital increase is to occur before the company’s Ordinary Annual General Meeting on June 28, 2017, by way of utilizing the company’s approved capital in the form of a cash capital increase. This transaction is to entail increasing the share capital by up to 10% of the existing share capital, from currently EUR 9,071,500.00 to up to EUR 9,978,649.00, through issuing up to 907,149 ordinary shares under exclusion of statutory subscription rights at an issue price not significantly less than the stock market price. The new shares are to be issued without a listing prospectus by means of a (bookbuilding) placing procedure among institutional investors, the company’s directors and other Allgeier Group managers, in accordance with the applicable exemptions for private placings in Europe, and are to be admitted to trading on the Regulated Market of the Frankfurt Stock Exchange (General Standard). Baader Bank Aktiengesellschaft is to manage the placing process. The management of Allgeier SE intends to subscribe for new shares as part of the planned capital measure to underscore its long-term commitment to the company. Allgeier SE will publish separate ad hoc announcements concerning the resolution concerning the planned capital increase and the subsequent implementation of the capital increase. The information contained in this document is not for publication or distribution in the United States, Australia, Canada or Japan. This document is neither an offer to sell nor a solicitation to buy securities. This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The shares in Allgeier SE have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are not being and will not be offered or sold in the United States of America. Contact: Allgeier SE
06-Jun-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | ALLGEIER SE |
Wehrlestraße 12 | |
81679 München | |
Germany | |
Phone: | +49 (0) 89 – 99 84 21 0 |
Fax: | +49 (0) 89 – 99 84 21 11 |
E-mail: | info@allgeier.com |
Internet: | http://www.allgeier.com |
ISIN: | DE0005086300 |
WKN: | 508630 |
Indices: | CDAX |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |