Capital increases at Varengold Bank

Capital increase 2018

Disclaimer:
The English translated content on this Homepage and especially the English translation of the Subscription Offer and the Prospectus is for information purposes only. Legally binding is solely and expressly the German version of the content and the documents regarding the capital increase.

Varengold Bank is a German bank founded in 1995 in Hamburg that maintains further locations in London and Sofia. In Marketplace Banking, Varengold supports online marketplaces that deal with the financing of companies and consumers (peer-to-peer platforms) an in the field of Transaction Banking / Commercial Banking, the bank provides foreign trade-oriented customers with basic products, such as account relationships and international payments.

In order to be able to meet the requirements for regulatory capital in the future, in particular regarding the planned expansion of the business volume, the company's share capital shall be increased. Therefore, the Company intends to use the net proceeds of the issue to strengthen its equity base and to enable further business growth.

Summary of the Subscription Offer

The Subscription Offer is addressed exclusively to existing shareholders of Varengold Bank AG and is not intended for distribution in the United States, Canada, Japan and Australia.

Subscription ratio

2:1

Registered numer of shares

6,210,423 shares

Entitled ISIN / WKN

DE0005479307 / WKN 547 930

Number of new shares

3,105,211 shares

ISIN / WKN for subscription right

DE000A2NBUA3 / WKN A2NBUA

Subscription price

EUR 2.50

Subscription period

23.11.2018 – 07.12.2018 (12 p.m. German time)

Subscription rights trade

No subscription rights trade

Additional subscriptions

Not provided

Subscription center

Small & Mid Cap Investmentbank AG

To avoid exclusion from the exercise of rights, the shareholders are requested to exercise their subscription right for the new shares through their custodian banks at Bankhaus Gebr. Martin AG, Göppingen, during normal business hours, who is acting as settlement agent for the Small & Mid Cap Investment Bank AG:
The custodian banks are requested to collect the subscription applications of the shareholders and to send them to the settlement agent at the latest by the end of the subscription period and to pay the subscription price of EUR 2.50 per new share to the following account of Small & Mid Cap Investmentbank AG no later than at the end of the subscription period:

Account holder: Small & Mid Cap Investmentbank AG
at: Bankhaus Gebr. Martin AG
Purpose: Capital increase Varengold Bank AG 2018
Account No.: 51657
Bank code: 610 300 00
IBAN: DE62 6103 0000 0000 051657
BIC: MARBDE6G

Essential for compliance with the deadline is in each case the receipt of the subscription application and the subscription price at the aforementioned point. Subscription rights that are not exercised in due time expire without compensation and are derecognised after the expiry of the subscription period.

The full text of the subscription offer has been published in the German Federal Gazette:

Bezugsangebot der Varengold Bank AG

Prospectus

The prospectus is available for download below.

The translation of the prospectus is currently in preparation and will be available as soon as possible.

Important Note

The information furnished on this website is only intended to be available to residents of the Federal Republic of Germany. In certain jurisdictions, including but not limited to the United States of America, the furnishing of such information may be restricted or prohibited by applicable laws. Users of this website are requested to inform themselves about and observe any such restrictions.

The information furnished on this website does not constitute an offer of securities for sale or a solicitation of an offer to purchase any securities in the United States of America or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation.

The information contained on this website may not be disseminated outside the Federal Republic of Germany in particular not in the United States, to US Persons (as defined in regulation S of the US Securities Act of 1933) or to publications with a general circulation in the United States. Any person who fails to comply with these restrictions may violate the security laws of certain jurisdictions, in particular of the United States. The information set forth is provided without warranty of any kind.

03.07.2018

Varengold Bank AG: Planned capital increase with indirect subscription right in the ratio 2:1

03.07.2018

Varengold Bank AG: The Management Board and Supervisory Board will propose to the Annual General Meeting 2017 a cash capital increase with indirect subscription rights by up to 100%

25.01.2018

Varengold Bank AG: Capital increase – new shares completely issued

23.08.2017

Varengold Bank AG: Annual General Meeting resolves cash capital with preemptive rights increase at a subscription ratio of 2: 1

14.06.2017

Varengold Bank AG: Capital increase – new shares completely issued

31.05.2017

Varengold Bank AG: Result of the subscription offer of the capital increase from authorised capital with indirect subscription rights & Private placement

15.05.2017

Correction of the publication of 9 May 2017, 17:10 CET / CEST – Varengold Bank AG:

27.04.2017

Varengold Bank AG: Planned cash capital increase with indirect subscription right

24.02.2016

Varengold Bank AG: Capital increase carried out successfully

22.04.2015

Varengold Bank AG: Capital increase by strengthening the base; preliminary, unaudited corporate figures for 2014

14.05.2014

Varengold Bank AG: Renewed capital increase through strategic investor and preliminary, unaudited figures 2013

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