• Annual General Meeting must be postponed

Hamburg, 29 June 2023 – Due to the ongoing special audit of business operations pursuant to Section 44 (1) sentence 2 of the German Banking Act (KWG) by the German Federal Financial Supervisory Authority (BaFin), PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, as auditors for the financial year 2022, has not yet been able to complete the necessary audit procedures at Varengold Bank AG (symbol: VG8), meaning that the annual report 2022 cannot be published within the scheduled deadline until end of June 2023. In addition, the bank has not yet been given the prospect of a concrete end of the audit in the foreseeable future. The Annual General Meeting will therefore not be able to take place on 30 August 2023 as planned.

The Bank will keep the capital market informed about the progress of the audits and the convening of the next Annual General Meeting.
 

Dr. Bernhard Fuhrmann  
Management Board

Frank Otten
Management Board

Disclaimer

This notification is a mandatory notification according to Art. 17 MAR. The assessments contained are subject to the following caveats.

Disclaimer on forward-looking statements / no duty to update

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.

Note

This announcement does not constitute an offer or invitation to subscribe for or purchase any securities of Varengold Bank AG in the United States of America, Germany or any other jurisdiction. This announcement does not constitute a recommendation regarding the placement of the securities described in this announcement.