01.06.2016
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DGAP-News: Auden AG successfully completes cash capital increase at price of EUR 4.00 per share
Auden AG / Key word(s): Capital Increase
01.06.2016 08:20
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
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- Berlin-based investment company gains additional family offices as
shareholders
- Offering was significantly oversubscribed at price of EUR 4.00 per share
- Company to undertake first investment actions before end of June
Berlin - Auden AG has executed a further capital increase transaction under
which various institutional investors, particularly European family
offices, have subscribed to 557,600 new shares at an issuing price of EUR
4.00 per share. Because of strong demand, the offering was significantly
oversubscribed. The company is receiving the entirety of the total gross
proceeds from the share placement of EUR 2,230,400.00.
With this transaction, the company has now successfully completed the
capital increase against cash contributions as per its resolution of 18 May
2016, which provided for an increase in registered capital from EUR
6,133,663.00 to EUR 6,691,263.00 through the issuance of up to 557,600 new
par-value bearer shares, availing itself thereunder of a portion of the
company's previously approved capital, and under exercise of the exclusion
of subscription rights to existing shareholders.
For Auden AG, the success of this capital raising transaction following its
rapid share price rise in recent months marks a strong vote of confidence
in its new strategic direction as it assembles an investment portfolio of
privately held technology start-ups. The first such investments are
expected to be undertaken within the month of June.
Among the factors behind the high demand for shares in Auden particularly
from family offices is the ongoing zero interest rate environment, which is
compelling family offices to seek new opportunities for portions of their
investment portfolios. Christofer Radic, CEO of Auden AG, sees a distinct
competitive advantage for his investment company from this high level of
interest among family offices: "We are extremely pleased that we have, in
our numerous discussions with potential investors, been so successful
especially among family offices in convincing them of the advantages of
direct investments by Auden AG in privately held companies. For these
investors, Auden AG serves as a sort of conduit to a segment of the
start-up market which they would otherwise be unable to access. Through
their shareholdings in Auden AG, these investors will in the future be able
to participate in the success of our portfolio companies."
About Auden AG:
Auden AG, based in the German federal capital of Berlin, invests in
carefully selected start-up ventures within its local region. Its formula
for success is based, in addition to its own business model and experienced
team of professionals, upon its ability to provide strong ongoing support
to its portfolio companies through its network and expertise. Its close
working relationships and conscientious monitoring of the investments which
it undertakes thus play a critically important role. Through its stringent
pre-selection of targets and active oversight of its portfolio companies,
Auden AG offers family offices, institutional and private investors the
means to participate in investment opportunities in a high-potential market
which can be not only highly complex but also difficult to penetrate
without close local connections.
Disclaimer:
This release may contain forward-looking statements and information which
may be identified by formulations using terms such as "expects", "aims",
"anticipates", "intends", "plans", "believes", "seeks", "estimates" or
"will". Such forward-looking statements are based on our current
expectations and certain assumptions which may be subject to variety of
risks and uncertainties. The results actually achieved by Auden AG may
substantially differ from these forward-looking statements. Auden AG
assumes no obligation to update these forward-looking statements or to
correct them in case of developments which differ from those anticipated.
Contact:
Auden AG
Am Kupfergraben 6
10117 Berlin
Germany
Phone: + 49 30 80494800
Fax: + 49 30 80494809
Email: [email protected]
01.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de
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Language: English
Company: Auden AG
Am Kupfergraben 6
10117 Berlin
Germany
Phone: + 49 30 80494800
Fax: + 49 30 80494809
E-mail: [email protected]
Internet: www.auden.de
ISIN: DE000A161440
WKN: A16144
Listed: Regulated Unofficial Market in Berlin; Open Market (Entry
Standard) in Frankfurt
End of Announcement DGAP News-Service
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