Varengold Bank AG  / Key word(s): AGM/EGM/Miscellaneous

25.09.2015 11:37

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Hamburg, 25th September 2015 - The Executive Board and Supervisory Board of
Varengold Bank AG have decided to call an extraordinary general meeting for
2nd November 2015. The agenda will be published today in the Federal
Gazette.

After the shareholders decided for an increase of capital stock by up to
974,184.00 EUR in cash contributions with the grant of subscription rights,
which was requested in an expansion to the agenda of the ordinary general
meeting on 26th August 2015, there is now a desire to capitalise the
company even more. This new, significantly larger capital framework would
put Varengold Bank AG in a position to be able to keep up with the high
rate of growth. Furthermore, the Executive Board and the Supervisory Board
made the strategic decision to close the office in Dubai on perspective.

Moreover, it will be recommended to the shareholders that a new member
shall be elected to the Supervisory Board instead of one of the incumbent
members. This member shall have comprehensive experience in auditing and
banking supervision and thereby ideally supplements the comprehensive
capital markets expertise in the body.


25.09.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      Varengold Bank AG
              Große Elbstraße 27
              22767 Hamburg
              Germany
Phone:        +49 (0)40 / 668649-0
Fax:          +49 (0)40 / 668649-49
E-mail:       info@varengold.de
Internet:     www.varengold.de
ISIN:         DE0005479307
WKN:          547930
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart;
              Open Market (Entry Standard) in Frankfurt
 
End of Announcement                             DGAP News-Service
 
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