02.01.2017
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DGAP-News: Auden AG, looking back upon successful 2016, enters 2017 with significant momentum
DGAP-News: Auden AG / Key word(s): Miscellaneous
Auden AG, looking back upon successful 2016, enters 2017 with significant
momentum
02.01.2017 / 08:25
The issuer is solely responsible for the content of this announcement.
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- Reverse takeover completed, in parallel with strategic transformation
into investment company
- Share price rise of more than 650 per cent over the past year
- Company to adopt IFRS accounting standard starting in 2017, in
preparation for Deutsche Börse listing upgrade to General Standard
- Investment strategy broadened to encompass special situations
- Change in Supervisory Board
Berlin - Auden AG is able to look back upon a strikingly successful year.
The Berlin-based investment company, created through the reverse takeover
of an established and listed German stock corporation which was previously
a fashion company, has impressively and convincingly demonstrated over the
past 12 months the speed and determination with which it is pursuing its
defined strategic goals. Among the company's achievements over the period
have been three capital increase transactions totalling over EUR 20
million, among not only German but also international investors, as well as
new investment transactions in five extraordinarily promising portfolio
companies. These companies, which have been largely driving Auden's soaring
share price over the past months, are expected to see significant
internationalisation and scaling of their business models over the coming
year.
On the capital markets, the rapid rise of Auden's share price over the past
year reflects the dramatic strategic change which its management team has
been successfully executing, and the impact this has been having on its
intrinsic value. Over the course of 2016, shareholders in Auden AG have
been able to celebrate a share price increase of more than 650 per cent.
"For all of us at Auden, the successes which we achieved in 2016 drive us
to achieve even more in 2017," says Christofer Radic, CEO of Auden AG. "In
addition to our operational activities, particularly expanding our
investment portfolio and guiding our individual portfolio companies, we
will also focus our efforts on making Auden even more attractive in the
capital markets. In addition to our planned shift to International
Financial Reporting Standards (IFRS) starting in 2017, we will be upgrading
our listing on the Frankfurt Stock Exchange to the General Standard
segment, putting us in Deutsche Börse's Regulated Market. This will open an
even broader base of institutional investors to us, so that we can reach
out to them."
Over the past year, the management team of Auden has found that, in the
course of its intensive interactions with its European investor network,
unique opportunities have been repeatedly presented for investments into
special situations, outside the company's defined theme of investing in
digital start-ups. Because of the attractiveness of some of these special
situations, Auden has decided to consider such opportunistic investments in
2017, subject to rigorous examination.
Christian E. Frenko, Portfolio Manager of Auden AG, adds: "This broadened
investment strategy allows us to take full advantage of unique
opportunities which may be presented to us, whether these come from our
local market contacts or from our regular interactions with established
investment partners who have their own strong networks of contacts."
Already in January, the management team of Auden AG will launch an
extensive roadshow programme targeted at major new shareholders who would
bring strategic value to the company. Because no additional financing
rounds are currently planned, however, these investments into Auden AG will
necessarily take place on the market. The company's declared goal remains
the attainment of a market capitalisation of EUR 100 million by the end of
2017.
The start of 2017 will also mark a change in the membership of the
Supervisory Board. Stefan Zuleeg, whose long experience and connections in
the textile industry was of great value to the processor fashion company,
will relinquish his seat to Ekkehardt von Knebel Doeberitz, who brings a
long and distinguished career in the financial industry. Among his past
achievements, he served as CEO of Baring Asset Management AG, as managing
director at Paribas Investment, as director at Metzler Investment, and as
international client advisor at JPMorgan. "I would like to express my
sincere gratitude to Stefan Zuleeg for his extraordinarily helpful support
in so many different ways over the past 12 months," says Auden CEO Radic.
"With Ekkehardt von Knebel Doeberitz, we are gaining a Supervisory Board
member who can give us significant advice and assistance moving forward,
particularly as we develop our equity story and reach out to a broader
range of international investors."
About Auden AG:
Auden AG (Frankfurt Stock Exchange; ISIN DE000A161440), headquartered in
Berlin, invests a portfolio of carefully selected high growth businesses.
The company follows an active investment approach focused on portfolio
support and value generation. Through its stringent selection of targets
and active engagement with each portfolio company, Auden AG offers family
offices, institutional and private investors a diversified vehicle to
invest in European high-growth companies, a market that is both highly
complex and difficult to penetrate for investors. Auden AG is a listed
investment company majority owned and funded by its senior management,
ensuring complete alignment of interests between investors and funds
manager. This alignment is also reflected in Auden's policy of not charging
management fees, carried interest or profit share.
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]
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02.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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.com
ISIN: DE000A161440
WKN: A16144
Listed: Regulated Unofficial Market in Berlin, Hamburg, Stuttgart,
Tradegate Exchange; Open Market (Entry Standard) in
Frankfurt
End of News DGAP News Service
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