Varengold Bank AG: Capital increase - new shares completely issued

DGAP-News: Varengold Bank AG / Key word(s): Capital Increase/Miscellaneous Varengold Bank AG: Capital increase - new shares completely issued 25.01.2018 / 13:30 The issuer is solely responsible for the content of this announcement. Hamburg, 25th January 2018 - Varengold Bank AG (Symbol: VG8) has carried out a capital increase with indirect subscription right within a public subscription offering and a subsequent private placement. The company's share capital will be increased against cash contributions by EUR 2,070,141.00 from EUR 4,140,282.00 to EUR 6,210,423.00 by issuing 2,070,141 new shares. All shares were placed at an issue price of EUR 2.80 per share.   513,441 shares were taken up by existing shareholders in the public rights offering.   In the subsequent private placement, the Management Board succeeded in acquiring further institutional investors with a strong background in the asset management industry from Austria and Slovakia in addition to the existing investors.   Furthermore, 100,000 shares were taken up by two companies fully owned by the Management Board Members themselves within the private placement.   The capital increase shall be registered in the commercial register soon. Contact: Ms. Sanja Szabo (Head of Corporate Development) 25.01.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Varengold Bank AG
	Große Elbstraße 14
	22767 Hamburg
	Germany
Phone:	+49 (0)40 / 668649-0
Fax:	+49 (0)40 / 668649-49
E-mail:	[e-mail]
Internet:	www.varengold.de
ISIN:	DE0005479307
WKN:	547930
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart

End of News	DGAP News Service

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