Varengold Bank AG: 727,381 new shares issued
19.02.2020
DGAP-News: Varengold Bank AG
/ Key word(s): Capital Increase/Miscellaneous
Hamburg, 19th February 2020 - Varengold Bank AG has carried out a capital increase under exclusion of subscription rights for existing shareholders by using the existing authorized capital. The company's share capital was increased from EUR 9,315,634.00 against cash contributions by EUR 727,381.00 to EUR 10,043,015.00 by issuing 727,381 new shares. All shares were placed at an issue price of EUR 3.85 per share. The Management Board has succeeded in acquiring other institutional investors in addition to existing investors. With the strengthening of the capital base, Varengold Bank is still on a growth path and the new funds will be partly used to refinance credit platforms in the area of marketplace banking. The capital increase was entered in the commercial register on 17 February 2020. Disclaimer This release contains forward-looking statements that involve certain risks and uncertainties. Future results may differ materially from those currently anticipated due to various risk factors and uncertainties, such as changes in business, economic and competitive conditions, currency exchange rate fluctuations, litigation uncertainties or investigations, and availability of financial resources. Varengold Bank AG assumes no responsibility for updating the forward-looking statements contained in this release. Contact: Ms. Sanja Schultz-Szabo (Head of Corporate Development)
19.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Varengold Bank AG |
| Große Elbstraße 14 | |
| 22767 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 / 668649-0 |
| Fax: | +49 (0)40 / 668649-49 |
| E-mail: | investorrelations@varengold.de |
| Internet: | www.varengold.de |
| ISIN: | DE0005479307 |
| WKN: | 547930 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart |
| EQS News ID: | 979291 |
| End of News | DGAP News Service |