Social Chain AG decides on the amount of newly issued shares and the placement price of new shares

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DGAP-Ad-hoc: The Social Chain AG / Keyword (s): Capital Increase / Social Action
Social Chain AG decides on the amount of newly issued shares and the placement price of new shares

24-Nov-2021 / 08:30 CET / CEST
Disclosure of inside information acc. in Article 17 MAR of Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (COLLECTIVELY, “UNITED STATES”) OR TO ANY PERSON IN THE UNITED STATES (AS DEFINED HEREIN) BELOW), CANADA, AUSTRALIA OR JAPAN OR ANY OTHER COUNTRY IN WHICH SUCH PUBLICATION MAY BE ILLEGAL OR IN WHICH THE OFFERING OF SECURITIES IS SUBJECT TO REGULATORY RESTRICTIONS. THERE ARE OTHER RESTRICTIONS. PLEASE SEE THE IMPORTANT NOTE AT THE END OF THIS PUBLICATION.

Social Chain AG decides on the amount of newly issued shares and the placement price of new shares

Berlin, November 24, 2021 – The Board of Directors of The Social Chain AG (WKN: A1YC99, ISIN: DE000A1YC996, Ticker: PU11) (the “Society“) decided today with the approval of the Supervisory Board to increase the share capital of the Company against a cash contribution of EUR 11,453,247.00 to a new share capital of EUR 12,598,571.00 by issuing 1,145,324 new registered shares (the “New actions“), each representing an amount proportional to the share capital of 1.00 EUR and entitled to a participation in the profits of the financial year beginning on 1 January 2021 by partially using the authorized capital (the”Increase in capital“). The subscription rights of existing shareholders have been excluded.

All New Shares were issued through a private placement at a price of EUR 46.40 (“Location price“) by New Action to selected institutional investors. Key shareholders, including members of the Management Board and the Supervisory Board, participated in the operation. The Company will therefore receive the gross proceeds of the Capital Increase in an amount of € 53.1 million The Company will use the net proceeds of the offering to partially finance the acquisition of DS Holding GmbH.

Admission of the New Shares to trading on the Regulated Market segment of the Frankfurt Stock Exchange and the Regulated Market sub-segment with other Frankfurt Stock Exchange post-admission obligations (Prime Standard) is expected on or around November 25, 2021. The first day of trading and delivery of the New Shares to investors will take place on or around November 29, 2021.

www.socialchain.com

Contact:
Jana Walker I Investor Relations
Gormannstr. 22
10119 Berlin
+49 30 208 48 40 10
[email protected]

Important note

This publication does not constitute an offer or the solicitation of an offer to purchase securities of The Social Chain AG or any of its subsidiaries in the United States of America, Germany or any other country. Neither this publication nor its content may be relied on as part of an offer in any jurisdiction. The securities referred to above have not been and will not be registered under the Securities Act, as amended (the “Securities Act”), and may not be offered or sold in the United States until such time as they are registered or an exemption from the registration requirements of the Securities Act has been obtained.

In the United Kingdom, this announcement is directed only to (i) persons covered by Section 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), (ii) to persons falling under article 49 (2) (a) to (d) of the Order (wealthy companies, partnerships, etc.) together, the “Data subjects”). This publication should not be referenced or referred to by anyone other than the Relevant Persons. Any investment or investment opportunity mentioned in this publication is only accessible to Relevant Persons and will only be concluded with Relevant Persons.

In the Member States of the European Economic Area and in the United Kingdom, the offer of the securities described in this notice (the “Offer”) is only intended for qualified investors as defined in Regulation (EU) 2017 / 1129 of the European Parliament and of the Council of June 14, 2017 (Prospectus Regulation).

No measures have been taken which would allow an offer of the securities, their acquisition or the distribution of this publication in countries where this is not permitted. Anyone receiving this publication should inform themselves and observe any restrictions that may apply.

This publication does not constitute an investment recommendation. Investors should consult a professional advisor as to the suitability of the Placement for the person concerned.

This press release may contain certain forward-looking statements, estimates, beliefs and projections regarding the future business, results of operations and performance of The Social Chain AG (“Forward-looking statements”). Forward-looking statements may be recognized by terms such as “believe”, “estimate”, “anticipate”, “expect”, “intend”, “want” or “should” as well as their negation and similar variations or comparable terminology. Forward-looking statements include all matters that are not based on historical fact. Forward-looking statements are based on the current opinions, forecasts and assumptions of the board of directors of The Social Chain AG and involve significant known and unknown risks and uncertainties, therefore actual results, performance and events may differ. significantly from the results, performance and events expressed or implied in the forward-looking statements. The forward-looking statements contained in this document should not be interpreted as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be obtained. The forward-looking statements contained in this announcement speak only as of the date of this publication. The Company will not update any information, forward-looking statements or conclusions contained in this announcement in light of subsequent events and circumstances, nor will it reflect subsequent events or circumstances or correct any inaccuracies that arise after the publication of this announcement at as a result of new information, future developments or other circumstances, and assumes no obligation to do so. Neither the Company nor any other person assumes any responsibility whatsoever for the occurrence of any forward-looking statements or assumptions contained in this document.

Information for distributors

In accordance with EU product oversight requirements, a product approval process regarding the Shares has been carried out by each distributor who has determined that the Shares are (i) suitable for a target retail market comprised of investors from retail and investors meeting the criteria of professional clients and eligible counterparties (each as defined in MiFID II (Directive 2014/65 / EU)) and (ii) suitable for distribution via all distribution channels authorized by MiFID II, respectively. Each distributor subsequently offering the Shares is responsible for independently evaluating the target market for the Shares and determining the appropriate distribution channels.

Contact:
Jana Walker | Investor Relations
[email protected]

24-Nov-2021 CET / CEST DGAP’s distribution services include regulatory announcements, financial / corporate news and press releases.
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