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Allgeier intends capital increase to finance further growth investments


Munich, June 6, 2017 – Allgeier SE has been working for several years on the growth and value development story for all of its three operating divisions: Allgeier Experts, Allgeier Enterprise Services and Allgeier Technology. In the 2016 and 2017 financial years, the company invested significant amounts in establishing and restructuring Allgeier Experts and Allgeier Enterprise Services. At Allgeier Experts, a management team that has been strengthened by many new first and second tier managers is working on forming a modern and intelligently integrated provider for comprehensive personnel and service offerings in the IT and engineering environments. Allgeier Enterprise Services has developed from Allgeier’s former IT Solutions business, to which has been added a successful SAP area comprising more than 400 staff. These steps, which take these two divisions to form leading companies in the German market, entail the employment of around EUR 20 million of short- and medium-term financing funds. At the same time, the company aims to further expand its technology area – an area where Allgeier sees enormous growth and development opportunities given continuing digitalization. All three divisions can benefit from the ongoing consolidation process in the sector by way of targeted acquisitions. The company is currently working on various specific acquisition projects in all three divisions.

The finance further growth investments, and especially also to realize further acquisitions, Allgeier SE intends to utilize the company’s approved share capital before the Ordinary AGM on June 28, 2017 to implement a cash capital increase of the share capital from currently EUR 9,071,500.00 by up to almost 10% of the current share capital, corresponding to 907,149 ordinary shares, to a level of up to EUR 9,978,649.00, under exclusion of statutory subscription rights, and at an issue price that is 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 on 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.