Correction of a release from 09.05.2017, 17:10 CET/CEST - Varengold Bank AG decides on details for an increase in capital from authorised capital with indirect subscription rights of up to 1,217,730 new shares


Varengold Bank AG / Key word(s): Capital Increase/Miscellaneous

10-May-2017 / 10:57 CET/CEST
Correction 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.

Correction of the publication of 9 May 2017, 17:10 CET / CEST - Varengold Bank AG:
Hamburg, 10 May 20107 - The ad hoc announcement of 9 May 2017, 17:10 CET / CEST, concerning the planned capital increase of Varengold Bank AG, will be corrected in the first two paragraphs because of an accidentally wrong calculated subscription ratio. The correct subscription ratio is 12:5 corresponding to an increasing amount of up to 1,217,730 new shares to a share capital of up to EUR 4,140,282.00. All remaining information and data, particularly the subscription price (EUR 3.99) were transmitted correctly.
In following the communication in the correct version:

Varengold Bank AG decides on details for an increase in capital from authorised capital with indirect subscription rights of up to 1,217,730 new shares

Hamburg, 9 May 2017 - Varengold Bank AG ("Varengold", "Company", Symbol: VG8) has passed a resolution today for subscription rights to increase in capital from the existing authorised capital. In the course of the subscription rights to increase in capital, up to 1,217,730 new shares are meant to be offered and thus, the share capital of the company will be increased to EUR 4,140,282.00. The new shares shall carry full dividend rights as of 1 January 2017.
The new shares will be offered to the shareholders of the company in the course of an indirect subscription right against cash contribution in a subscription ratio of 12:5 (i.e. for twelve existing shares you can subscribe to five new share of the company). The subscription period is two weeks from 15 May 2017 until 29 May 2017. The subscription price has been fixed at EUR 3.99 per share. Shares that are not subscribed will be offered to select investors in the course of private placement. The capital will be increased only if at least 300,000 shares have been subscribed.
Details on the subscription rights to capital increase may be referred to the subscription offer that will tentatively be published on 12 May 2017 in the Federal Gazette. In connection with the transaction, no securities prospectus has been or will be published.

Dr. Bernhard Fuhrmann

Frank Otten

Ms. Sanja Szabo (Head of Corporate Development)

Information and Explanation of the Issuer to this News:

This communication contains forward-looking statements that are subject to certain risks and uncertainties. Future results may differ materially from those currently expected, namely due to various risk factors and uncertainties such as changes in the business, economic and competitive situation, fluctuations in exchange rates, uncertainties regarding legal disputes or investigations, and the availability of financial resources. The reader should therefore not over-rely on these statements, particularly in connection with contracts or investment decisions. Varengold Bank AG assumes no responsibility for updating the forward-looking statements contained in this communication.
This communication is neither an offer nor an invitation to subscribe or purchase securities of Varengold Bank AG. For persons in the United States of America ('United States'), Australia, Canada or Japan and all countries where such offers or invitations are legally inadmissible, this communication contains no offer, constitutes neither an offer for securities, nor an invitation to purchase or subscribe for securities. The securities referred to in this communication are not and will not be registered according to the United States Securities Act of 1933, as amended ('Securities Act'), and may neither be offered nor sold in the United States without registration or corresponding exemption from the registration requirement under the United States Securities Act. Subject to certain exceptions, the securities referred to in this communication may be neither offered nor sold in Australia, Canada or Japan, nor to citizens or residents, nor for the account or benefit of citizens or residents of Australia, Canada or Japan. The offer and sale of the securities referred to in this communication is not and will not be registered according to the United States
Securities Act or according to the applicable securities laws in Australia, Canada or Japan. There shall be no public offering of the securities in the United States.
This communication does not constitute a prospectus as defined by EU Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003, as amended (the 'Prospectus Directive').

10-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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