Allgeier : approves capital increase for financing of further growth investments

Allgeier approves capital increase for financing of further growth investments

06/13/2019

Munich, June 13, 2019 - In accordance with its intention announced on May 7, 2019, the Management Board of Allgeier SE (ISIN DE000A2GS633, WKN A2GS63), with the consent of the Supervisory Board, today resolved to increase in the company's share capital against cash contributions by up to almost 10% on the basis of the authorization by the general shareholders' meeting of June 29, 2018 (Authorized Capital 2018).

The company's share capital shall be increased through partial utilization of the Authorized Capital 2018 from currently EUR 10,088,649.00 by issuing up to 997,864 no-par value registered shares to a total of up to EUR 11,086,513.00. The new shares shall carry full dividend rights from January 1, 2019. The shareholders' statutory subscription rights are excluded. The initial listing of the new shares from the capital increase under ISIN DE000A2YNUT5 is scheduled for June 20, 2019. The new shares are expected to be included in the existing quotation of the company's shares (ISIN DE000A2GS633) on July 3, 2019, after the company's Ordinary Annual General Meeting, which is to be held on June 28, 2019.

The new shares shall be placed with institutional investors and other investors pursuant to the applicable exemptions for private placements in Europe by way of a bookbuilding procedure without a securities prospectus. Members of the company's corporate bodies and other managers of Allgeier Group informed the company about their intention to participate in the capital increase and to acquire new shares resulting from the capital increase for a total consideration of up to approximately EUR 3.5m. The final placement volume and placement price will be communicated in a separate ad hoc announcement. The placement price will not be significantly lower than the stock trading price of the share of Allgeier SE. In determining the placement price, the fact that the new shares are only entitled to dividends for the current 2019 financial year and that the Annual General Meeting of the company has not yet resolved on the appropriation of profits for the past 2018 financial year has to be taken into account.

Allgeier SE intends to utilize the funds from the capital increase to finance further growth investments and to implement further acquisitions.

Important information:

The information included in this document is not intended for transmission to the USA, Australia, Canada or Japan, and is not intended for publication in the USA, Australia, Canada or Japan.

This document is neither an offer to sell nor a solicitation to buy securities.

In particular, this document is not an offer of securities for purchase in the United States of America. Securities can be sold or offered for purchase in the United States of America only with prior registration pursuant to the regulations of the U.S. Securities Act of 1933 in its currently valid version, or without prior registration only on the basis of an exemption. The shares of Allgeier SE are not registered, and will not be registered, pursuant to the regulations of the U.S. Securities Act of 1933 in its currently valid version, and will neither be sold nor offered for purchase in the United States of America.