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DEAG intends to increase capital with subscription rights by utilizing authorized capital

2017-05-02 21:04:42
DGAP-Ad-hoc: DEAG intends to increase capital with subscription rights by utilizing authorized capital

DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Capital Increase

02-May-2017 / 21:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Ad hoc announcement – Insider information pursuant to article 17 MAR

DEAG intends to increase capital with subscription rights by utilizing authorized capital

“NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE IN THE UNITED STATES OF AMERICA, CANADA, JAPAN AND AUSTRALIA”

Berlin, May 2, 2017 – The Executive Board of DEAG Deutsche Entertainment Aktiengesellschaft (“DEAG” or “the Company”), Berlin (ISIN DE000A0Z23G6, WKN A0Z23G) has today, with the approval of the Supervisory Board, approved a cash capital increase with subscription rights from authorized capital. The Company’s capital of EUR 16,353,334.00 is to be increased by up to EUR 2,044,089.00 to EUR 18,397,423.00 by issuing up to 2,044,089 new bearer shares with a notional share in the share capital of EUR 1.00 per share (“new shares”). The new shares are entitled to share in the profits from January 1, 2016, on.

The new shares are to be taken over by Hauck & Aufhäuser Privatbankiers KGaA, Frankfurt/Main, with the obligation to offer them to DEAG shareholders by means of an indirect subscription right at the price of EUR 2.40 per new share in a ratio of 8:1. This means that every 8 of the Company’s existing shares entitle the holder to 1 new share.

DEAG intends to use the expected gross proceeds of up to EUR 5 million to finance the planned expansion of the UK business and the continuing growth of the DEAG Group.

The subscription period for the new shares is expected to start on May 5, 2017, and to end at noon on May 22, 2017. The subscription rights (ISIN DE000A2E4TE2 / WKN A2E 4TE) for the new shares will be traded on the Regulated Market of the Frankfurt Stock Exchange from May 5, 2017, to May 18, 2017 (including these dates).

New shares that were not subscribed to by the end of the subscription offer will be offered to private investors in the Federal Republic of Germany and other select jurisdictions outside the United States of America in accordance with Regulation S of the US Securities Act of 1933, as amended, as well as outside Canada, Japan and Australia. The placement price is to be at least the subscription price.

The new shares are to be admitted to trading in the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange without prospectus and are expected to be included in trading as of May 26, 2017.

Further details on the capital increase will be available in the subscription offer published in the German Federal Gazette (www.bundesanzeiger.de) and on DEAG’s website (www.deag.de) from May 4, 2017.

Notifying person: Prof. Peter L.H. Schwenkow (CEO), Christian Diekmann (COO), Detlef Kornett (CMO), Ralph Quellmalz (CFO)

Important instructions

This publication does not constitute an offer to sell or a solicitation to buy or subscribe for any securities. The offer is made exclusively by means of and on the basis of a subscription offer to be published. The complete subscription offer is expected to be published on Thursday, May 4, 2017, in the German Federal Gazette.

This publication does not constitute a particular offer to purchase securities or the solicitation of an offer to purchase securities in the United States of America. Securities may be registered in the United States of America only with prior registration under the provisions of the currently valid version of the US Securities Act of 1933 or without prior registration only on the basis of an exemption or be offered for sale. Shares of DEAG are not and will not be registered under the provisions of the United States Securities Act of 1933, as amended, and will neither be sold nor offered for sale in the United States of America.

DEAG Deutsche Entertainment Aktiengesellschaft

The Management Board

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