MAX 21 AG (XTRA:MA1) announced a private placement of 601,670 common shares at a price of €1.2 per share for gross proceeds of €722,004 on November 15, 2018. The common shares issued will be no-par value bearer shares are entitled to dividends starting from 01 January 2018. The Chairman of the supervisory board of the company, Götz Mäuser, will make a binding commitment to the company to subscribe to and acquire new bearer shares without a nominal value up to €518,330. Post the transaction, the capital of the company will increase from €17,406,334 to €18,128,338. The transaction has been approved by the management board.