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The Social Chain AG resolves amount of newly issued shares and placement price for new shares

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The Social Chain AG / Key word(s): Capital Increase/Corporate Action
The Social Chain AG resolves amount of newly issued shares and placement price for new shares

24-Nov-2021 / 08:30 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.

Publication of an insider information pursuant to Article 17 of Regulation (EU) No 596/2014

NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (COLLECTIVELY, "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED BELOW), CANADA, AUSTRALIA OR JAPAN OR ANY OTHER COUNTRY IN WHICH SUCH PUBLICATION MAY BE UNLAWFUL OR IN WHICH THE OFFERING OF SECURITIES IS SUBJECT TO REGULATORY RESTRICTIONS. THERE ARE OTHER RESTRICTIONS. PLEASE SEE THE IMPORTANT NOTE AT THE END OF THIS PUBLICATION.

The Social Chain AG resolves amount of newly issued shares and placement price for new shares

Berlin, 24 November 2021 - The management board of The Social Chain AG (WKN: A1YC99, ISIN:DE000A1YC996, Ticker: PU11) (the "Company") today resolved with approval of the supervisory board to increase the registered share capital of the Company against cash contribution from EUR 11,453,247.00 to a new registered share capital of EUR 12,598,571.00 by issuing 1,145,324 new registered shares (the "New Shares"), each representing a proportionate amount of the share capital of EUR 1.00 and with eligibility to a share in the profits of the financial year starting 1 January 2021 by making partial use of the authorized capital (the "Capital Increase"). The existing shareholders' subscription rights were excluded.

All New Shares were issued by way of a private placement at a price of EUR 46.40 ("Placement Price") per New Share to selected institutional investors. Key shareholders including Members of the Management and Supervisory Board participated in the transaction. The Company will therefore receive gross offering proceeds from the Capital Increase in an amount of EUR 53.1 million. The Company will use the net offering proceeds for the partial financing of the acquisition of the DS Holding GmbH.

Admission of the New Shares to trading at the Regulated Market segment of the Frankfurt Stock Exchange and the sub-segment of the Regulated Market with further post-admission obligations of the Frankfurt Stock Exchange (Prime Standard) is expected on or around 25 November 2021. First day of trading and delivery of the New Shares to the investors shall be on or around 29 November 2021.

www.socialchain.com

Contact:
Jana Walker I Investor Relations
Gormannstr. 22
10119 Berlin
+49 30 208 48 40 10
ir@socialchain.com


Important note

This publication constitutes neither an offer nor a solicitation of an offer to purchase securities of The Social Chain AG or any of its subsidiaries in the United States of America, Germany or any other country. Neither this publication nor its contents may be relied upon in connection with any offer in any jurisdiction. The securities referred to above have not been and will not be registered under the Securities Act, as amended (the "Securities Act"), and may not be offered or sold in the United States until registered or an exemption from the registration requirements of the Securities Act has been obtained.

In the United Kingdom, this announcement is directed only at (i) persons falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), (ii) persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, partnerships, etc.) or (iii) persons to whom it may otherwise lawfully be communicated in accordance with applicable securities laws (such persons together, the "Relevant Persons"). This publication must not be referred to or relied upon by persons other than Relevant Persons. Any investment or investment opportunity referred to in this publication is available only to Relevant Persons and will be entered into only with Relevant Persons.

In Member States of the European Economic Area and the United Kingdom, the offering of the securities described in this notice (the "Offering") is directed only at qualified investors as defined in Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (Prospectus Regulation).

No action has been taken that would permit an offer of the securities, their acquisition or the distribution of this publication to countries where this is not permitted. Any person receiving this publication must inform themselves about and observe any restrictions that may apply.

This publication does not constitute a recommendation regarding the Placing. Investors should consult a professional adviser as to the suitability of the Placing for the person concerned.

This release may contain certain forward-looking statements, estimates, beliefs and projections regarding the future business, results of operations and performance of The Social Chain AG (" Future-oriented Statements"). Future-oriented statements can be recognized by terms such as "believe", "estimate", "anticipate", "expect", "intend", "will", or "should" as well as their negation and similar variants or comparable terminology. Future-oriented statements include all matters that are not based on historical facts. Future-oriented statements are based on the current opinions, forecasts and assumptions of the Management Board of The Social Chain AG and involve considerable known and unknown risks and uncertainties, which is why the actual results, performance and events may deviate substantially from the results, performance and events expressed or implied in future-oriented statements. Future-oriented statements contained herein should not be construed as guarantees of future performance and results and are not necessarily reliable indicators of whether or not such results will be achieved. The future-oriented statements contained in this announcement are only valid on the date of this publication. The Company will not update any information, future-oriented statements or conclusions contained in this announcement in light of subsequent events and circumstances, nor will it reflect subsequent events or circumstances or correct inaccuracies that arise after the publication of this announcement as a result of new information, future developments or other circumstances, nor does it assume any obligation to do so. Neither the Company nor any other person assumes any responsibility whatsoever for the occurrence of the future-oriented statements or assumptions contained herein.

Information for distributors

Pursuant to the EU Product Surveillance Requirements, a product approval process in respect of the Shares has been carried out by each distributor which has determined that the Shares are (i) suitable for a retail target market consisting of retail investors and investors meeting the criteria for professional clients and eligible counterparties (each as defined in MiFID II (Directive 2014/65/EU)) and (ii) suitable for distribution through all distribution channels permitted under MiFID II, respectively. Each distributor subsequently offering the Shares is responsible for independently evaluating the target market for the Shares and determining appropriate distribution channels.




Contact:
Jana Walker | Investor Relations
ir@socialchain.com

24-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

The Social Chain AG

Gormannstraße 22

10119 Berlin

Germany

Phone:

+49 (0)30 208484010

E-mail:

contact@socialchain.com

Internet:

www.socialchain.com

ISIN:

DE000A1YC996

WKN:

A1YC99

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1251569


 

End of Announcement

DGAP News Service

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