26.02.2016
_wige MEDIA AG DE000A1EMG56
DGAP-Adhoc: _wige MEDIA AG decides Capital Increase
_wige MEDIA AG / Key word(s): Capital Increase
26.02.2016 18:26
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc announcement of 26 February 2016 pursuant to Section 15 of the
German Securities Trading Act (WpHG)
_wige MEDIA AG, ISIN: DE000A1EMG56 / WKN: A1EMG5
_wige MEDIA AG decides Capital Increase
- Gross issuing proceeds of up to around EUR 3.3 million envisaged
- Use of funds earmarked for digitalization and internationalization
Cologne, 26 February 2016: With the approval of the Supervisory Board, the
Management Board of Cologne-based _wige MEDIA AG has today decided on a
capital increase with shareholder subscription rights from Authorized
Capital. The capital stock is to be raised by up to EUR 1,974,206.00
against cash contribution through issuing up to 1,974,206 new no-par value
bearer stocks representing a pro rata amount in the capital stock of EUR
1.00 per stock (the "New Stocks"). The New Stocks qualify for profit from 1
January 2015 onward. The subscription price was fixed at EUR 1.70 for each
New Stock ("Subscription Price") by the Management Board, with the approval
of the Supervisory Board.
The New Stocks will be offered to the shareholders by way of indirect
subscription rights at a subscription price in a subscription ratio of 13:2
(i.e. 13 old stocks confer entitlement to two New Stocks from the capital
increase). In order to achieve this subscription ratio, the subscription
rights to 12,342 New Stocks were excluded. In addition, the shareholders
will be given the option of subscribing to New Shares which are not
purchased as part of the Subscription Offer (additional allotment) by
submitting a relevant declaration to which the same conditions will apply.
ODDO SEYDLER BANK AG that will support the capital increase as Sole Global
Coordinator has been authorized with the obligation to offer the New Stocks
to the shareholders for subscription by way of an indirect subscription
right in accordance with the Subscription Offer.
The Subscription Offer is scheduled for publication in the German Federal
Gazette on 29 February 2016. The subscription period is expected to run
from 1 March 2016 to 15 March 2016 (4:00 p.m. CET). Based on an exemption
from applying the German Securities Prospectus Act, no securities
prospectus will be drawn up for the transaction.
Any New Stocks not purchased as part of the Subscription Offer are to be
offered by ODDO SEYDLER BANK AG to selected qualified institutional
investors in Germany and other European countries ("Private Placement") in
the form of an invitation not open to the public. An allotment from the
additional subscription will be made depending on the offers to buy
received from investors in the context of the Private Placement at the
discretion of the company's Management Board.
Admission of the New Stock to stock exchange trading on the regulated
market (General Standard) of the Frankfurt Stock Exchange is expected to
take place on 18 March 2016, with the inclusion of the New Stock in the
existing listing scheduled by 21 March 2016.
The net proceeds from the capital increase are to be used in particular for
the takeover of up to 68.3% of the stock in the Munich-based sport media
group in which _wige MEDIA AG already holds 16.7%. The sport media group
operates the motorsport-total.com and formel1.de portals. In addition, the
funds are to be deployed for the potential advance financing of major new
projects currently at the acquisition stage. The motorsport-total.com and
formel1.de portals are part of _wige MEDIA AG's digitalization strategy.
The company intends to forge ahead with the major projects planned.
_wige MEDIA AG
The Management Board
Company contact:
_wige MEDIA AG
Am Coloneum 2
50829 Cologne, Germany
www.wige.de
Tel: +49 [0] 221-7 88 77-0
Fax: +49 [0] 221-7 88 77- 199
[email protected]
Investor Relations Kontakt:
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Gießerallee 6
47877 Willich
Tel : +49 [0] 21 54 -8122-0
Fax: +49 [0] 2154-8122-11
[email protected]
26.02.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: _wige MEDIA AG
Am Coloneum 2
50829 Köln
Germany
Phone: +49 (0)221 7 88 77 0
Fax: +49 (0)221 7 88 77 199
E-mail: [email protected]
Internet: www.wige.de
ISIN: DE000A1EMG56
WKN: A1EMG5
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart
End of Announcement DGAP News-Service
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