TC Unterhaltungselektronik AG announced a private placement of 255,457 new bearer shares at an issue price of €1.00 per share for the gross proceeds of €255,457 on September 15, 2021. The company's share capital is increased from €1,277,288 to up to €1,532,745. The new shares will be offered for subscription to existing shareholders at a ratio of 1: 5. The new shares are entitled to dividends from January 1, 2022. The transaction is approved by the Supervisory Board and is subject to the Management Board approval. The transaction is expected to close on September 30, 2021.