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

 In 2019

Munich, March 1, 2019: windeln.de SE ("windeln.de" or "Company") has successfully completed the capital increase with subscription rights resolved by the Extraordinary General Meeting on January 9, 2019. The share capital will be increased by EUR 6,850,023.00 from EUR 3,113,647.00 to EUR 9,963,670.00 through the issue of a total of 6,850,023 no-par value bearer shares with a nominal value of EUR 1.00 each and entitlement to dividends as of January 1, 2018, ("New Shares") against cash contributions. Based on the fixed subscription price of EUR 1.48 per New Share, the gross issue proceeds amount to approx. EUR 10.1 million.
Existing shareholders have subscribed 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 had been waived in advance, thus a total of 5,670,045 New Shares, were placed by FinTech Group Bank AG after expiry of the subscription period in a private placement with qualified investors. Two new Asian investors, who had previously submitted commitment letters, subscribed New Shares in a total value of approx. 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 Company has thus created a good starting position for realizing its goal of sustainable, profitable growth with a strengthened financial basis. The funds from the capital increase will mainly be used to complete the restructuring measures in Europe and to increase growth in the Chinese market. The focus will be on optimizing the product assortment and expanding the logistics and sales network in the Chinese market.
Chief Financial Officer Dr. Nikolaus Weinberger comments on the successful capital increase: "With this capital measure, we are strengthening our capital base and can selectively invest in sustainable growth. We are delighted to have expanded our investor base in our largest sales region Asia and are convinced that we will further expand our expertise in China."

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