GOVECS : postpones planned IPO

DGAP-Ad-hoc: GOVECS AG / Key word(s): IPO GOVECS AG postpones planned IPO 07-Nov-2018 / 18:40 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Publication of insider information in accordance with Article 17 of Regulation (EU) No. 596/2014 GOVECS AG postpones planned IPO Munich, November 7, 2018 - GOVECS AG ("GOVECS", "the Company") the leading manufacturer of electric scooters in Europe, has decided today, jointly with its existing shareholders, to postpone the planned Initial Public Offering ("IPO") due to the currently difficult capital market environment. All the underlying drivers of GOVECS' business are positive. Especially the strong growth of the European e-scooter market offers the Company attractive growth prospects. The financing of the growth will be secured by the existing shareholders. GOVECS will continue to closely monitor the capital market environment with regard to a suitable timing to possibly resume the IPO. Information and Explanation of the Issuer to this News: About GOVECS: The GOVECS Group is the leading manufacturer of electric scooters in Europe and is developing future-oriented solutions for urban mobility. The Company's success is based on high-quality 'Made in Europe' products for international vehicle sharing platforms and on custom-made designs for the rapidly growing merchandise delivery segment. GOVECS is selling electric scooters and accessories to the high-growth private customer segment via its own HappyScooter e-commerce platform. The GOVECS product range currently includes the e-scooters of the Schwalbe, GO! S, ELMOTO and GO! T brands. www.govecsgroup.com Contacts for media enquiries: GOVECS AG, Daniele Cesca, [e-mail], [phone] Kirchhoff Consult AG, Nicole Schüttforth, [e-mail], [phone] Disclaimer: The information contained herein is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any State of the United States of America or the District of Columbia) and must not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, as amended ('Securities Act')) or publications with a general circulation in the United States of America. This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities in the United States of America. Securities of GOVECS AG (the 'Company') have not been and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. This release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company. In member states of the European Economic Area ('EEA') other than Federal Republic of Germany ('Germany') and the Grand Duchy of Luxembourg ('Luxembourg'), this information is only addressed to and directed at persons who are 'qualified investors' within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC and any amendments thereto including Directive 2010/73/EU to the extent implemented in the relevant EEA member state) and any relevant implementing measure in the relevant member state of the EEA ('Qualified Investors'). In the United Kingdom, this information is directed at and/or for distribution only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the 'Order'), or (ii) high net worth companies falling within article 49(2)(a) to (d) of the Order (each such person hereinafter a 'relevant person'). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this information or any of its contents. Statements contained herein may constitute 'forward-looking statements.' Forward-looking statements are generally identifiable by the use of the words 'may', 'will', 'should', 'plan', 'expect', 'anticipate', 'estimate', 'believe', 'intend', 'project', 'goal' or 'target' or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Group's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward looking statements. You should not place undue reliance on forward-looking statements and the Group does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise. 07-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	GOVECS AG
	Grillparzerstraße 18
	81675 Munich
	Germany
Phone:	[phone] - 0
E-mail:	[e-mail]
Internet:	www.govecs.de
ISIN:	DE000A2NB122
WKN:	A2NB12
Listed:	Regulated Market in Frankfurt (Prime Standard)

Notierung vorgesehen / Designated to be listed

End of Announcement	DGAP News Service

742819  07-Nov-2018 CET/CEST