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windeln.de SE: Further prolongation of the subscription period for the running subscription offer to July 4, 2022

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DGAP-News: windeln.de SE / Key word(s): Capital Increase
windeln.de SE: Further prolongation of the subscription period for the running subscription offer to July 4, 2022
07.06.2022 / 12:39
The issuer is solely responsible for the content of this announcement.

NOT FOR RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL

Further prolongation of the subscription period for the running subscription offer to July 4, 2022

Munich, June 7, 2022: Today, the Management Board of windeln.de SE ("windeln.de" or "Company") on the basis of the resolution of the extraordinary general meeting of January 28, 2022, resolved, with the approval of the Supervisory Board, to prolong the running period to exercise the subscription rights from the subscription offer published in the Federal Gazette on March 30, 2022, determined so far to run until June 8, 2022 (including), to July 4, 2022 (including).

The reason for the further prolongation of the subscription period is the ongoing mitigation measures in connection with the COVID-19 pandemic in the People's Republic of China. Two investors had committed to the Company under binding commitment agreements in advance of the current capital increase to acquire new shares with an equivalent value of up to a total of EUR 5.5 million in the capital increase ("Commitment Agreements"). The management of these investors is based in the People's Republic of China. Despite the easing of certain mitigation measures in effect since 1 June 2022, the investors currently do not see themselves in a position to fulfil their commitments within the most recently planned prolonged timeline due to ongoing limitations.

The Management Board and the Supervisory Board of the Company do not expect sufficient demand to cover the additional financial needs of the Company in the fiscal years 2022 and 2023 without the fulfilment of the two Commitment Agreements from the capital increase. The postponement shall enable these investors to fulfil their obligations to acquire the new shares with an equivalent value of up to EUR 5.5 million.

Accordingly, the subscription period shall also be prolonged to treat all potential investors equally and to give existing shareholders the opportunity to exercise their subscription rights during the prolonged period. The period for exercising the additional subscription right within the capital increase with subscription rights shall also be prolonged accordingly.

Further information on the prolonged subscription period, on the capital increase and particularly on risk warnings in connection with an investment in the new shares offered in the subscription offer can be found in the subscription offer published on March 30, 2022 in the Federal Gazette, in the two previous announcements on the prolongations of the subscription period, published in the Federal Gazette on April 13, 2022 and on May 11, 2022, as well as in the further announcement on the prolongation of the subscription period, which is expected to be published in the Federal Gazette on June 8, 2022. The aforementioned publications also are or will be, as the case may be, available on the website of windeln.de (www.corporate.windeln.de).

Important notice

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America (the "United States"). This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration requirements under the Securities Act. No public offering of securities is being made in the United States.

This announcement contains certain "forward-looking statements" that pertain to windeln.de SE. This release contains certain forward-looking statements concerning the future business of windeln.de SE. These forward-looking statements contained herein are based on the current expectations, estimates and projections of windeln.de SE's management as of the date of this release. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors. Should actual conditions differ from the Company's assumptions, actual results and actions may differ materially from any future results and developments expressed or implied by such forward-looking statements. Considering the risks, uncertainties and other factors involved, recipients should not rely unreasonably upon these forward-looking statements. windeln.de SE undertakes no obligation to update any such forward-looking statements to reflect future events or developments.


07.06.2022 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.
Archive at www.dgap.de

Language:

English

Company:

windeln.de SE

Stefan-George-Ring 23

81929 Munich

Germany

Phone:

49 89 4161 7152 65

Fax:

089 / 416 17 15-11

E-mail:

investor.relations@windeln.de

Internet:

www.windeln.de

ISIN:

DE000WNDL300

WKN:

WNDL30

Listed:

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

EQS News ID:

1370113


 

End of News

DGAP News Service

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