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ALLGEIER SE / Key word(s): Capital Increase
13-Jun-2019 / 17:38 CET/CEST
Munich, June 13, 2019 – In accordance with its intention announced on May 7, 2019, the Management Board of Allgeier SE (ISIN DE000A2GS633, WKN A2GS63), with the consent of the Supervisory Board, today resolved to increase in the company’s share capital against cash contributions by up to almost 10% on the basis of the authorization by the general shareholders’ meeting of June 29, 2018 (Authorized Capital 2018).
The company’s share capital shall be increased through partial utilization of the Authorized Capital 2018 from currently EUR 10,088,649.00 by issuing up to 997,864 no-par value registered shares to a total of up to EUR 11,086,513.00. The new shares shall carry full dividend rights from January 1, 2019. The shareholders’ statutory subscription rights are excluded. The initial listing of the new shares from the capital increase under ISIN DE000A2YNUT5 is scheduled for June 20, 2019. The new shares are expected to be included in the existing quotation of the company’s shares (ISIN DE000A2GS633) on July 3, 2019, after the company’s Ordinary Annual General Meeting, which is to be held on June 28, 2019.
The new shares shall be placed with institutional investors and other investors pursuant to the applicable exemptions for private placements in Europe by way of a bookbuilding procedure without a securities prospectus. Members of the company’s corporate bodies and other managers of Allgeier Group informed the company about their intention to participate in the capital increase and to acquire new shares resulting from the capital increase for a total consideration of up to approximately EUR 3.5m. The final placement volume and placement price will be communicated in a separate ad hoc announcement. The placement price will not be significantly lower than the stock trading price of the share of Allgeier SE. In determining the placement price, the fact that the new shares are only entitled to dividends for the current 2019 financial year and that the Annual General Meeting of the company has not yet resolved on the appropriation of profits for the past 2018 financial year has to be taken into account.
Allgeier SE intends to utilize the funds from the capital increase to finance further growth investments and to implement further acquisitions.
The information included in this document is not intended for transmission to the USA, Australia, Canada or Japan, and is not intended for publication in the USA, Australia, Canada or Japan.
This document is neither an offer to sell nor a solicitation to buy securities.
In particular, this document is not an offer of securities for purchase in the United States of America. Securities can be sold or offered for purchase in the United States of America only with prior registration pursuant to the regulations of the U.S. Securities Act of 1933 in its currently valid version, or without prior registration only on the basis of an exemption. The shares of Allgeier SE are not registered, and will not be registered, pursuant to the regulations of the U.S. Securities Act of 1933 in its currently valid version, and will neither be sold nor offered for purchase in the United States of America.
Allgeier SE is one of the leading IT companies for digital transformation. With a growth strategy focused on innovations and future trends and an integrative entrepreneurial model, Allgeier is seizing the opportunities of digitalization. Four segments with individual technical and industry-related focal points work together for around 3,000 customers from almost all industries. With over 9,600 employees and more than 1,300 freelance experts, Allgeier offers its customers a comprehensive portfolio of solutions and services as a one-stop shop. Allgeier uses a highly flexible delivery model to map the complete IT service spectrum from onsite to nearshore to offshore: With strong footholds in India, China, Vietnam and Eastern Europe, flexibility and maximum scalability of services as well as highly qualified expert knowledge in high-end software development are ensured. Allgeier’s customers include global corporations as well as innovative medium-sized companies that want to secure strategic advantages through high-performance IT solutions, intelligent software and flexible personnel services. The fast-growing group, headquartered in Munich, Germany, has more than 140 offices worldwide in fourteen European countries as well as in India, China, Singapore, Vietnam, Thailand, Malaysia, Japan, the United Arab Emirates, South Africa, Mauritius, Australia, Mexico, Canada and the USA. In fiscal 2018, Allgeier generated sales of EUR 687 million from continuing operations. According to the Lünendonk(R) List 2018, Allgeier SE is one of the ten leading IT consulting and system integration companies in Germany. According to Lünendonk(R) Market Segment Study 2018 “The Market for Recruiting, Placement and Management of IT Freelancers in Germany”, Allgeier Experts is among the TOP 3 IT personnel service providers in Germany. Allgeier SE is listed in the General Standard of the Regulated Market of the Frankfurt Stock Exchange (WKN A2GS63, ISIN DE000A2GS633). Further information is available at: www.allgeier.com.