DGAP-Adhoc: The Social Chain AG: The Social Chain AG Successfully Concludes Capital Increase with Gross Proceeds of approximately EUR 15.8 Million

Publication Pursuant to Article 17 MAR

NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, INDIRECTLY OR DIRECTLY, IN THE USA, CANADA, JAPAN OR AUSTRALIA OR OTHER COUNTRIES IN WHICH SUCH A PUBLICATION MAY BE ILLEGAL.

The Social Chain AG Successfully Concludes Capital Increase with Gross Proceeds of approximately EUR 15.8 Million

Berlin, November 21, 2019 - The Social Chain AG (WKN: A1YC99, ISIN: DE000A1YC996, ticker: PU11) (the "Company") has successfully concluded its capital increase that was announced yesterday.

A total of 904,010 new shares were placed at a price of EUR 17.50 per share. The emission was substantially oversubscribed. Gross proceeds from the capital increase for the Company amount to approximately EUR 15.8 million. The new shares will carry the same rights as the existing shares. The Company intends to use the net proceeds from the capital increase to fund the growth of its existing business activities, selective identified acquisitions in the social media & commerce space, and general corporate purposes.

The new shares shall be admitted to trading on the open market of the Düsseldorf Stock Exchange, without a securities prospectus. The Company has agreed to a lock-up of six months (subject to customary exceptions) following the transaction. The first trading day for the new shares and settlement of the new shares against payment of the placement price are expected to take place on or around November 26, 2019.

Hauck & Aufhäuser and Jefferies acted as Joint Global Coordinators and Joint Bookrunners in the placement of the new shares.

 

About THE SOCIAL CHAIN AG

As the first integrated social media company, THE SOCIAL CHAIN AG combines social media and social commerce, integrated through its own tech platform LINKS. The company is a pioneer in the creation, development and scaling of social media brands. The company's headquarters are in Berlin with additional offices in Manchester, London, New York and Munich.

 

Important Notice

This publication constitutes neither an offer to sell nor a solicitation to buy shares of The Social Chain AG. No public offer of securities of The Social Chain AG is being made or intended.

The distribution of this publication may be subject to legal restrictions in certain jurisdictions. Persons who come into possession of this publication are requested to inform themselves about any of such restrictions and comply with them. Non-compliance with such restrictions may constitute an infringement of the securities laws of the respective jurisdiction.

This document is not an offer of securities for sale in the United States. The shares of The Social Chain AG (the "Shares") have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. A public offering and/or a registration under the Securities Act are not intended.

This document is only being distributed to and is only directed at persons who (i) are outside the United Kingdom or (ii) are investment professionals falling within Article 19(5) or persons falling within Article 49(2)(a) to (d) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as "Relevant Persons"). The Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons.

contact:
Jana Walker | Investor Relations
jana.walker@socialchaingroup.com

918585  21-Nov-2019 CET/CEST