DGAP-News: Free float in Medios AG increases significantly

DGAP-News: Medios AG / Key word(s): Miscellaneous

Free float in Medios AG increases significantly

26.02.2019 / 08:04

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Corporate News

Free float in Medios AG increases significantly

Berlin, 26 February 2019 - The free float in Medios AG ('Medios' or 'Company', ISIN: DE000A1MMCC8, WKN: A1MMCC ticker: ILM1), one of the leading Specialty Pharma companies in Germany, increases significantly by 15 percentage points to 55.5 per cent of the voting rights after a successful private placement by the core shareholder mediosmanagement GmbH.

In total, 2,184,603 existing no-par value bearer shares were sold as part of the private placement. This corresponds to around 15 per cent of the share capital. The offer was directed exclusively at institutional investors. Berenberg acted as Sole Bookrunner for the transaction. After the placement, mediosmanagement GmbH and Manfred Schneider (Founder & CEO) hold around 41 per cent of the outstanding shares and have agreed to a 180-day lock-up period.

Matthias Gärtner, CFO of Medios AG: "Medios is benefitting from the successful private placement of our core shareholder threefold: On the one hand, the free float increases, while on the other hand, the liquidity of the shares rises as well. Moreover, our presence in the capital market is being strengthened. Existing as well as potential investors can capitalize on this in the long term."
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