DGAP-News: Weng Fine Art AG / Key word(s): Capital Increase E-Commerce Subsidiary of Weng Fine Art AG proceeds with Capital Increase - Successful Website Launch 03.06.2015 / 09:00 --------------------------------------------------------------------- PRESS RELEASE | 03 JUNE 2015 E-Commerce Subsidiary of Weng Fine Art AG proceeds with Capital Increase - Successful Website Launch WFA Online AG, which focuses on the art e-commerce business operations of the stock exchange listed Weng Fine Art AG, is further strengthening its financial base. As part of a cash capital increase, the company based in Zug/Switzer-land issued an additional 500,000 new shares, half of which were taken up by Weng Fine Art AG and the other half by its founder Rüdiger K. Weng. Through this cash inflow of CHF 625,000, the equity of WFA Online AG comes to a total of approx. EUR 3.2 Mio., with which the company is comfortably placed to cover not only its start-up costs, but also to secure a capital adequacy ratio allowing it to hold up to EUR 5 Mio. in additional credit lines. Moreover, in parallel to the capital increase, the share capital was restructured: The share capital of CHF 3.125 Mio. is now divided into 5 Mio. "Ordinary Shares, Class A" with a par value of CHF 0.25 each, and in 1.5 Mio. "Ordinary Shares, Class B" in nominal value of CHF 1.25 per share. Finally, new statutes were adopted. Meanwhile, WFA Online AG presented its e-commerce platform "Weng Contemporary" to the general public on 28 May, 2015. The public launch is accompanied by an exhibition in London, which was opened last Thursday. Over 150 editions are available on www.wengcontemporary.com by artists such as Gerhard Richter, Jeff Koons, Robert Longo, Peter Doig and Alex Katz. Initial reports in the international media highlight the maximum transparency of the website, since WFA Online not only guarantees availability and prices of artworks offered, but also quotes prices for many important editions that it is buying. ABOUT WENG FINE ART AG Weng Fine Art AG (www.wengfineart.com), with subsidiaries in Germany and Switzerland, is a leading internationally operating art dealing and art service company. The founder-led company combines a long-term expertise in the art market with economic know-how. Other factors of success are the large inventory of artworks of the 20 and 21st century as well as the access to attractive funding. In addition to the traditional art dealing activities the company targets a leading role in the art e-commerce. Market know-how, the lack of competition and the comprehensive company-owned stock of high quality artworks will be the key to success of WFA Online AG in this segment. The shares of Weng Fine Art AG are listed in the Entry Standard of the Frankfurt stock exchange. CONTACT Weng Fine Art AG Kimplerstrasse 294 | 47807 Krefeld | Germany Phone +49 (0)2151 93713-0 | Fax +49 (0)2151 93713-29 E-mail [email protected] --------------------------------------------------------------------- 03.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Weng Fine Art AG Kimplerstraße 294 47807 Krefeld Germany Phone: 02151 937130 Fax: 02151 93713-29 E-mail: [email protected] Internet: www.wengfineart.com ISIN: DE0005181606 WKN: 518160 Listed: Regulated Unofficial Market in Berlin; Open Market (Entry Standard) in Frankfurt End of News DGAP News-Service --------------------------------------------------------------------- 364741 03.06.2015