Allgeier utilities capital increase to create preconditions for further growth


DGAP-Media / 21.06.2017 / 10:19

Munich, June 21, 2017 - Allgeier SE has today successfully completed the
capital increase which was approved on June 20, 2017, of up to around 10% of
its share capital. As part of the transaction, 907,149 ordinary no par value
bearer shares were issued to shareholders at a placing price of EUR 18.10
under exclusion of shareholders' subscription rights. As a consequence, the
gross issue proceeds amount to around EUR 16.4m. The new shares were placed
with a discount of approximately 2.2% to the last closing price after
adjusting for the portion of the dividends attributable to the new shares.

The company plans to deploy the transaction proceeds to finance further
growth investments and, in particular, to implement further acquisitions.

The transaction was significantly oversubscribed. Alongside institutional
investors from Germany, Switzerland and the United Kingdom, Allgeier Group
directors and other managers also participated in the capital increase,
thereby underscoring their long-term commitment to the company. Carl Georg
Dürschmidt, Chairman of the Executive Board, would like to express his
thanks to investors for the great interest they have shown: The success of
the placing emphasizes the strong trust of investors in our strategy and in
Allgeier's future growth.

After entering the implementation of the capital increase in the commercial
register, the company's share capital increases by EUR 907,149.00, from EUR
9,071,500.00 to EUR 9,978,649.00. The new shares that have been issued are
dividend-entitled from January 1, 2017. They will be admitted to trading
prospectively on Thursday, June 22, 2017 in the Regulated Market of the
Frankfurt Stock Exchange (General Standard). The initial listing for the new
shares is planned for Friday, June 23, 2017. The new shares will be included
in the existing listing of the company's shares prospectively on July 3,
2017, after the company's Ordinary Annual General Meeting to be held on June
28, 2017.

Baader Bank Aktiengesellschaft managed the transaction.

Important information:

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. 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 the 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, on
the basis of 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
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11

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:

End of Media Release


Key word(s): Finance

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   Language:    English
   Company:     ALLGEIER SE
                Wehrlestraße 12
                81679 München
   Phone:       +49 (0) 89 - 99 84 21 0
   Fax:         +49 (0) 89 - 99 84 21 11
   ISIN:        DE0005086300
   WKN:         508630
   Indices:     CDAX
   Listed:      Regulated Market in Frankfurt (General Standard);
                Regulated Unofficial Market in Berlin, Dusseldorf,
                Hamburg, Stuttgart, Tradegate Exchange

   End of News    DGAP Media

584883 21.06.2017