SE successfully completes rights issue – gross issue proceeds of EUR 10.1 million

Munich, March 1, 2019: SE ("" or "Group") has successfully completed the subscription rights capital increase resolved by the Extraordinary General Meeting on January 9, 2019. The share capital will be increased by EUR 6,850,023 from EUR 3,113,647.00 to EUR 9,963,670.00 by the issue of a total of 6,850,023 no-par value bearer shares, each with a nominal value of EUR 1.00 and a profit entitlement from 1 January 2018 ("New Shares"), against cash contribution. Based on the fixed subscription price of EUR 1.48 per New Share, this results in gross proceeds of around EUR 10.1 million.
Existing shareholders have received 1,179,978 new shares, which were offered to them by way of indirect subscription rights with a subscription ratio of 1:2.2. Unsubscribed New Shares and the New Shares for which the subscription rights were assigned in advance, i.e. a total of 5,670,045 New Shares, were placed by FinTech Group Bank AG after the end of the subscription period as part of a private placement to qualified investors. Two new investors from the Asian region, who had previously issued binding commitments, subscribed for new shares worth around EUR 6.7 million.
The New Shares with ISIN DE000WNDL011 / WKN WNDL01 are expected to be admitted to trading on the regulated market (Prime Standard) in the second quarter of 2019.
The Group has thus created a good starting position for implementing the goal of sustainable, profitable growth in a financially strengthened manner. The funds from the capital increase are to be used primarily to complete the restructuring measures in Europe and to increase growth in the Chinese market. The focus here is on optimizing the product range and expanding the logistics and sales network in the Chinese market.
CFO Dr. Nikolaus Weinberger comments on the successful capital increase: "With this measure, we are strengthening our capital base and can make targeted investments in sustainable growth. We are pleased to have expanded the investor base in our largest sales region, Asia, and are convinced that we will once again be able to significantly strengthen our expertise in China."