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SMT Scharf AG approves capital increase against cash capital contributions from Authorised Capital and plans joint venture in China; completion of China III approval not expected until Q3 2021

Hamm, May 25, 2021 – The Managing Board of SMT Scharf AG (“SMT”) (German Securities Code (WKN) 575198, ISIN DE0005751986) passed a resolution today, with the approval of the Supervisory Board, to implement a capital increase from Authorised Capital against cash capital contributions by issuing up to 901,456 new no-par value bearer shares with indirect subscription rights (“New Shares”). This corresponds to an increase in SMT’s existing share capital of up to 19.5 %. Quirin Privatbank AG, Berlin, has entered into a commitment to SMT to offer the New Shares to existing shareholders at a subscription ratio of 41:8 (indirect subscription right); in other words, forty-one old shares entitle the holder to subscribe to eight New Shares. In order to achieve a smooth subscription ratio, one shareholder waived subscription rights from 38 shares.

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Michael Diegelmann
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