windeln.de SE successfully completes 10% capital increase – full placement with gross proceeds of EUR 1.4 million
Munich, March 12, 2021: windeln.de SE ("windeln.de" or "Company"; ISIN DE000WNDL201 and DE000WNDL128) has successfully completed the placement of the new shares from the capital increase, which was resolved by the Executive Board on March 5, 2021 with the consent of the Supervisory Board. The capital increase was accompanied by Quirin Privatbank AG. The placement of all 1,098,207 new no-par value bearer shares with a pro rata amount of the share capital of EUR 1.00 each and profit entitlement from 1 January 2020 ("New Shares") resulted in gross proceeds of EUR 1,427,669.10 based on the fixed placement price of EUR 1.30 per New Share. With this capital increase, the company's share capital was increased to EUR 12,080,280.00. The high demand for the New Shares offered in the Private Placement reflects the confidence that investors have placed in the long-term development of the Company and in windeln.de business model.
The New Shares with THE ISIN DE000WNDL128 / WKN WNDL12 are expected to be delivered to investors with value from 24 March 2021 as shares not admitted to trading. These are initially to be included in the over-the-counter market of the Stuttgart Stock Exchange and are expected to be admitted to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange in the second quarter of 2021 on the basis of a securities prospectus that has yet to be published, which is currently being prepared as part of the admission of the new shares created from the capital increase of October 2020.
The proceeds from the issue will be used to further strengthen the company's capital base. In addition, measures to reduce costs and the development of further sales channels and net working capital necessary for growth in China will be financed.