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publity announces details of capital increase – subscription period from 2 – 16 October 2018

publity AG (Scale, ISIN DE0006972508) has announced details of its cash capital increase.

THE INFORMATION INCLUDED IN THIS DOCUMENT IS NOT INTENDED FOR FULL OR PARTIAL PUBLICATION OR DISSEMINATION IN, FROM, OR OUT OF THE UNITED STATES OF AMERICA OR OTHER COUNTRIES WHERE SUCH PUBLICATION OR DISSEMINATION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LEGAL PROVISIONS IN THE RESPECTIVE COUNTRY.

Shareholders have the opportunity to subscribe for registered no-par value shares in the ration of 8:5 during the subscription period from 2 to 16 October 2018 (both dates inclusive). The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin – German Financial Services Supervisory Authority) has already approved the relevant stock offering prospectus. As resolved by the Ordinary General Meeting on 1 August 2018 a total of up to 3,781,250 new registered shares, each with a nominal interest of EUR 1.00 in the share capital will be issued as part of the capital increase. The subscription price is EUR 10.70 per share. The new shares bear profit participation rights from 1 January 2018 and are expected to be included in the existing listing for shares of publity in the Scale segment of the open market on Frankfurt Stock Exchange from 29 October 2018. No trading in subscription rights is foreseen. However, subscription rights can be transferred according to the provisions of German law.

The shares not subscribed by the company’s shareholders as part of subscription rights will be initially offered to shareholders who have exercised their subscription rights (multiple subscription rights option) and then, if any unsubscribed shares remain, to selected investors as part of a private placement, also at an issuing price of EUR 10.70 per new share. publity AG’s main shareholder, TO-Holding GmbH has already confirmed that it will subscribe for all of the new shares as part of this capital increase if these are not subscribed by other shareholders. TO-Holding GmbH’s sole shareholder is Thomas Olek, a member of publity AG’s Managing Board. Both the public offering and also any private placement will be performed exclusively in Germany.

As a result of the transaction, publity AG’s share capital will increase by up to EUR 3,781,250 to up to EUR 9,831,250. The funds accruing to the company from the capital increase in the gross amount of up to EUR 40.46 million will be used to reinforce publity’s equity and primarily to finance growth. If necessary and/or economically beneficial, part of the proceeds from the issue will also be used for further buy-backs of bonds as part of the convertible bond issued by publity and also to fulfil any repayment commitments in this regard.

The approved stock offering prospectus can be found on publity’s Web site www.publity.de in the Investor Relations section. The subscription offer will be published in the German Federal Gazette today, on 1 October 2018.

publity announces details of capital increase – subscription period from 2 – 16 October 2018