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


Varengold Bank AG / Key word(s): Corporate Action/AGM/EGM
Varengold Bank AG: Planned capital increase with indirect subscription right in the ratio 2:1

03-Jul-2018 / 14:49 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Hamburg, 3rd July 2018 - The Management Board and the Supervisory Board of Varengold Bank AG (Symbol: VG8) plan to propose to the Annual General Meeting on 21st August 2018 an increase of equity against cash contributions under the granting of an indirect subscription right for existing shareholders. The company's equity capital shall be increased from currently EUR 6,210,423.00 against cash contributions by up to EUR 3,105,211.00 to up to EUR 9,315,634.00. The up to 3,105,211 new shares shall carry dividend rights for the financial year 2018. The subscription price shall not be more than twenty percent lower than the stock market price and shall be fixed at a later date. The convening of the Annual General Meeting with the management's resolution proposals will be published in mid July 2018 in the German Federal Gazette and will be made available on the company's website.
The planned strengthening of the equity capital basis is planned to enable an expansion of business activities on a solid foundation.
Dr Bernhard Fuhrmann                          Frank Otten
Board member                                     Board member
Important points
This announcement must not be distributed or published in the United States of America (including its territories), Canada, Japan or Australia or other countries in which such a publication could be unlawful. The distribution of this publication can in some countries be subject to legal restrictions, and anybody in possession of this document or the information referred to herein should inform themselves about these restrictions and comply with these. Non-compliance with such restrictions can represent a violation of capital market laws in such countries.
This announcement 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 prohibited, this communication contains no offer, nor represents an offer for securities or 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 any recommendation regarding the placement of the securities described in this announcement. Investors should consult a professional advisor with regard to the appropriateness of the offering for the persons concerned.
In the United Kingdom this publication is directed only at (i) professional investors who fall under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended or (ii) persons who fall under article 49(2) (a) to (d) of the Order (high net worth companies, partnerships, etc.) (such persons collectively referred to as "Relevant Persons"). Persons other than Relevant Persons may not refer to or rely on this publication. Every investment or investment opportunity which is mentioned in this publication is available only to Relevant Persons and shall be entered into only with Relevant Persons.
In Member States of the European Economic Area who have implemented the Prospectus Directive ("Relevant Member States"), this publication and any subsequent offering is directed exclusively at "qualified investors" within the meaning of the Prospectus Directive. For these purposes "Prospectus Directive" means Directive 2003/71/EC (including all amendments, in particular Directive 2010/73/EU) and includes all relevant implementation measures in the relevant member states.
No measures have been taken that would allow an offering of securities in countries in which the purchase of these or the distribution of this publication is not permitted. Anyone who is in possession of this publication must inform himself about any possible restrictions and comply with these.
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").

Forward-looking statements
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.

Ms. Sanja Szabo (Head of Corporate Development)

03-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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