03.07.2018
Varengold Bank AG DE0005479307
DGAP-Adhoc: Varengold Bank AG: Planned capital increase with indirect subscription right in the ratio 2:1
DGAP-Ad-hoc: Varengold Bank AG / Key word(s): Corporate Action/AGM/EGM
Varengold Bank AG: Planned capital increase with indirect subscription right
in the ratio 2:1
03-Jul-2018 / 14:49 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.
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THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT INTENDED FOR
PUBLICATION OR ONWARD TRANSMISSION IN OR WITHIN THE UNITED STATES OF
AMERICA, AUSTRALIA, CANADA OR JAPAN OR IN OTHER COUNTRIES IN WHICH SUCH A
DISTRIBUTION OR PUBLICATION COULD BE UNLAWFUL.
Hamburg, 3rd July 2018 - The Management Board and the Supervisory Board of
Varengold Bank AG (Symbol: VG8) plan to propose to the Annual General
Meeting on 21st August 2018 an increase of equity against cash contributions
under the granting of an indirect subscription right for existing
shareholders. The company's equity capital shall be increased from currently
EUR 6,210,423.00 against cash contributions by up to EUR 3,105,211.00 to up
to EUR 9,315,634.00. The up to 3,105,211 new shares shall carry dividend
rights for the financial year 2018. The subscription price shall not be more
than twenty percent lower than the stock market price and shall be fixed at
a later date. The convening of the Annual General Meeting with the
management's resolution proposals will be published in mid July 2018 in the
German Federal Gazette and will be made available on the company's website.
The planned strengthening of the equity capital basis is planned to enable
an expansion of business activities on a solid foundation.
Dr Bernhard Fuhrmann Frank Otten
Board member Board member
Important points
This announcement must not be distributed or published in the United States
of America (including its territories), Canada, Japan or Australia or other
countries in which such a publication could be unlawful. The distribution of
this publication can in some countries be subject to legal restrictions, and
anybody in possession of this document or the information referred to herein
should inform themselves about these restrictions and comply with these.
Non-compliance with such restrictions can represent a violation of capital
market laws in such countries.
This announcement is neither an offer nor an invitation to subscribe or
purchase securities of Varengold Bank AG. For persons in the United States
of America ("United States"), Australia, Canada or Japan and all countries
where such offers or invitations are legally prohibited, this communication
contains no offer, nor represents an offer for securities or an invitation
to purchase or subscribe for securities. The securities referred to in this
communication are not and will not be registered according to the United
States Securities Act of 1933, as amended ("Securities Act"), and may
neither be offered nor sold in the United States without registration or
corresponding exemption from the registration requirement under the United
States Securities Act. Subject to certain exceptions, the securities
referred to in this communication may be neither offered nor sold in
Australia, Canada or Japan, nor to citizens or residents, nor for the
account or benefit of citizens or residents of Australia, Canada or Japan.
The offer and sale of the securities referred to in this communication is
not and will not be registered according to the United States
Securities Act or according to the applicable securities laws in Australia,
Canada or Japan. There shall be no public offering of the securities in the
United States.
This communication does not constitute any recommendation regarding the
placement of the securities described in this announcement. Investors should
consult a professional advisor with regard to the appropriateness of the
offering for the persons concerned.
In the United Kingdom this publication is directed only at (i) professional
investors who fall under Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005, as amended or (ii) persons who
fall under article 49(2) (a) to (d) of the Order (high net worth companies,
partnerships, etc.) (such persons collectively referred to as "Relevant
Persons"). Persons other than Relevant Persons may not refer to or rely on
this publication. Every investment or investment opportunity which is
mentioned in this publication is available only to Relevant Persons and
shall be entered into only with Relevant Persons.
In Member States of the European Economic Area who have implemented the
Prospectus Directive ("Relevant Member States"), this publication and any
subsequent offering is directed exclusively at "qualified investors" within
the meaning of the Prospectus Directive. For these purposes "Prospectus
Directive" means Directive 2003/71/EC (including all amendments, in
particular Directive 2010/73/EU) and includes all relevant implementation
measures in the relevant member states.
No measures have been taken that would allow an offering of securities in
countries in which the purchase of these or the distribution of this
publication is not permitted. Anyone who is in possession of this
publication must inform himself about any possible restrictions and comply
with these.
This communication does not constitute a prospectus as defined by EU
Directive 2003/71/EC of the European Parliament and of the Council of 4
November 2003, as amended (the "Prospectus Directive").
Forward-looking statements
This communication contains forward-looking statements that are subject to
certain risks and uncertainties. Future results may differ materially from
those currently expected, namely due to various risk factors and
uncertainties such as changes in the business, economic and competitive
situation, fluctuations in exchange rates, uncertainties regarding legal
disputes or investigations, and the availability of financial resources. The
reader should therefore not over-rely on these statements, particularly in
connection with contracts or investment decisions. Varengold Bank AG assumes
no responsibility for updating the forward-looking statements contained in
this communication.
Contact:
Ms. Sanja Szabo (Head of Corporate Development)
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03-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Varengold Bank AG
Große Elbstraße 14
22767 Hamburg
Germany
Phone: +49 (0)40 / 668649-0
Fax: +49 (0)40 / 668649-49
E-mail: [email protected]
Internet: www.varengold.de
ISIN: DE0005479307
WKN: 547930
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Basic Board), Stuttgart
End of Announcement DGAP News Service
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701173 03-Jul-2018 CET/CEST
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Finanzdienstleistungen , 547930 , VG8 , XETR:VG8