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ALLGEIER SE / Key word(s): Capital Increase
06-Jun-2017 / 19:05 CET/CEST
Munich, June 6, 2017 – In light of the high level of investments Allgeier SE (ISIN DE0005086300, WKN 508630) has already made in expanding its Allgeier Experts and Allgeier Enterprise Services divisions, the company intends to implement a capital increase to finance more growth investments, especially to realize further acquisitions. The capital increase is to occur before the company’s Ordinary Annual General Meeting on June 28, 2017, by way of utilizing the company’s approved capital in the form of a cash capital increase. This transaction is to entail increasing the share capital by up to 10% of the existing share capital, from currently EUR 9,071,500.00 to up to EUR 9,978,649.00, through issuing up to 907,149 ordinary shares under exclusion of statutory subscription rights at an issue price not significantly less than the stock market price. The new shares are to be issued without a listing prospectus by means of a (bookbuilding) placing procedure among institutional investors, the company’s directors and other Allgeier Group managers, in accordance with the applicable exemptions for private placings in Europe, and are to be admitted to trading on the Regulated Market of the Frankfurt Stock Exchange (General Standard). Baader Bank Aktiengesellschaft is to manage the placing process. The management of Allgeier SE intends to subscribe for new shares as part of the planned capital measure to underscore its long-term commitment to the company. Allgeier SE will publish separate ad hoc announcements concerning the resolution concerning the planned capital increase and the subsequent implementation of the capital increase.
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This document is neither an offer to sell nor a solicitation to buy securities. This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The shares in Allgeier SE have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are not being and will not be offered or sold in the United States of America.
Allgeier SE is one of the leading IT companies for digital transformation: with a growth strategy oriented to innovations and future trends, as well as an integrative business model, Allgeier exploits the opportunities that digitalization offers. Three operating segments with individual specialist and sector-related focuses work together for around than 3,000 customers from almost all business sectors. With more than 6,500 salaried employees and around 1,300 freelance experts, Allgeier offers its customers an extensive one-stop-shop range of solutions and services. With a highly flexible delivery model, Allgeier covers the entire IT service spectrum from on-site through to nearshore and offshore: with a strong business pillar in India, the company secures flexibility and maximum scalability of services, as well as highly qualified high-end software development expertise. Allgeier customers include globally operating groups as well as innovative medium-size business operations that aim to secure strategic advantages through high-performance IT solutions, intelligent software and flexible personnel services. This Munich-based, fast-growing Group maintains more than 100 branches in the region of Germany, Austria and Switzerland, in nine further European countries, as well as in India, Singapore, Vietnam, Mexico and the USA. Allgeier generated EUR 498 million of revenue in its continuing operations in 2016. Allgeier SE ranks first in the 2016 Lünendonk(R) list of “Leading German Medium-Sized IT Consultants and System Integrators”. According to the Lünendonk(R) 2016 market segment study “The Market for Recruiting, Mediating and Managing IT Freelancers in Germany”, Allgeier Experts ranks among Germany’s top three IT personnel service providers. Allgeier SE is listed on the Regulated Market of the Frankfurt Stock Exchange (WKN 508630, ISIN DE0005086300). For more information, visit: www.allgeier.com.