123FAHRSCHULE SE
DGAP-News: 123fahrschule SE
/ Key word(s): Capital Increase
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS RELEASE. 123fahrschule launches private placement of up to 150,000 new shares from a capital increase excluding shareholders' subscription rights Cologne, 11 May 2022 - 123fahrschule SE (ISIN: DE000A2P4HL9; ticker symbol: 123F; Regulated Unofficial Market Düsseldorf), a digitally driven driving school chain in Germany with a focus on e-learning, launches a private placement of up to 150,000 new shares from a capital increase against cash contributions excluding shareholders' subscription rights. The up to 150,000 new shares with a pro-rata amount of the share capital of EUR 1.00 each will be offered to selected investors in the private placement at a placement price of EUR 11.00 per new share. Two anchor shareholders of the company have already committed in advance to subscribe to just under 50% of the new shares offered. Quirin Privatbank AG is acting as bookrunner for this private placement. With the capital increase, 123fahrschule SE secures the necessary liquidity for further expansion in Q2 2022 and preparation of further acquisitions in the second half of the current financial year as part of its growth strategy. In particular, 123fahrschule SE seeks to take advantage of opportunities that currently arise in the market for the acquisition of larger, highly profitable driving schools that, in the company's view, will consolidate its market leadership in Germany. To this end, the company is already in advanced negotiations with both the target companies and debt capital partners.
The company currently expects to increase its revenues in the first half of the year compared to the same period last year from 2.8 million euros to 7.8 million euros. Coupled with this significant increase in revenues, the company continues to anticipate a significant improvement in earnings in the 1st half of 2022 compared to the 1st half of 2021. Important Noctice The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. As far as this document contains forward-looking statements, these statements do not constitute facts and may be identified by words such as "will", "expect", "believe", "estimate", "intend", "aim", "assume" or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of the Company and persons acting in conjunction with the Company. Any forward-looking statements contained in this document are based on current plans, estimates and projections which the Company and persons acting in conjunction with the Company have made to the best of their knowledge, but which do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by the Company or persons acting in conjunction with the Company. It should be kept in mind that the actual events or consequences may differ materially from those contained in or expressed by such forward-looking statements.
11.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | 123fahrschule SE |
| Klopstockstr. 1 | |
| 50968 Köln | |
| Germany | |
| Phone: | 0221-177357-0 |
| E-mail: | ir@123fahrschule.de |
| Internet: | www.123fahrschule.de |
| ISIN: | DE000A2P4HL9 |
| WKN: | A2P4HL |
| Listed: | Regulated Unofficial Market in Dusseldorf |
| EQS News ID: | 1350023 |
| End of News | DGAP News Service |
1350023 11.05.2022
