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DGAP-Adhoc: Northern Data AG concludes capital increase with strategic investor Block.One with proceeds of EUR 21.5m

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0 0 17.06.20
DGAP-Adhoc: Northern Data AG concludes capital increase with strategic investor Block.One with proceeds of EUR 21.5m
 

DGAP-Ad-hoc: Northern Data AG / Key word(s): Capital Increase
Northern Data AG concludes capital increase with strategic investor Block.One with proceeds of EUR 21.5m

17-Jun-2020 / 17:42 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.

AD HOC INFORMATION

Northern Data AG concludes capital increase with strategic investor Block.One with proceeds of EUR 21.5m

Frankfurt am Main - June, 17 2020 - The Management Board of the Northern Data AG (ISIN DE000A0SMU87, WKN A0SMU8, ticker NB2) today resolved with the approval of the Supervisory Board to increase the Company's issued share capital by issuing 431,225 new no-par value ordinary bearer shares. This corresponds to 3.64% of the current share capital. The shares are issued against cash contributions partially utilizing the existing authorized capital and excluding the existing shareholders' subscription rights. The shares are issued at EUR 50 per share; thus the total gross issue proceeds are EUR 21,561,250. All shares will be subscribed by strategic investor Block.One.

Block.One is the global leader in high performance blockchain software and author of the EOSIO open source software. Block.one and Northern Data intend to work together closely to build software infrastructure on EOSIO for Northern Data's HPC facility.

The net proceeds from the capital increase shall be used to strengthen the balance sheet, accelerate the growth of existing business activities and general corporate purposes.

The new shares will be included without a prospectus in the existing listing on the Open Market of the Munich Stock Exchange (m:access).

Press contact:
Northern Data AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
Thurn-und-Taxis-Platz 6
60313 Frankfurt
Germany
E-Mail: [email protected]
Telefon: +49 69 348 752 89

Investor Relations:
Sven Pauly
E-Mail: [email protected]
Telefon: +49 89 125 09 03 31

 
 
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17-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Northern Data AG
Thurn-und-Taxis-Platz 6
60313 Frankfurt/Main
Germany
Phone: +49 69 34 87 52 25
E-mail: [email protected]
Internet: www.northerndata.de
ISIN: DE000A0SMU87
WKN: A0SMU8
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange
EQS News ID: 1072715

 
End of Announcement DGAP News Service

1072715  17-Jun-2020 CET/CEST

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