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DGAP-News: The Social Chain AG: After successful listing in the Prime Standard: Social Chain AG plans capital increase

DGAP-News: The Social Chain AG


/ Key word(s): Capital Increase






The Social Chain AG: After successful listing in the Prime Standard: Social Chain AG plans capital increase








19.11.2021 / 07:41




The issuer is solely responsible for the content of this announcement.



Media Release

After successful listing in the Prime Standard:
Social Chain AG plans capital increase



Preparations for cash capital increase of up to 10 percent of share capital initiated




Objectives: Partial financing of the DS takeover, more liquidity for Social Chain shares




Wanja S. Oberhof: "Extremely positive response from the capital market after uplisting to the Prime Standard of the Frankfurt Stock Exchange."


Berlin, 19 November 2021. For the first time after the successful listing in the Prime Standard of the Frankfurt Stock Exchange, Social Chain AG (ISIN: DE000A1YC996) is preparing a cash capital increase. Due to the positive response from investors in recent weeks, the transaction could be implemented in the short term, subject to market conditions. A capital increase of up to 10 percent of the share capital is planned, using the existing authorised capital and excluding subscription rights. The funds are to be used primarily to partially finance the purchase of DS Holding GmbH (DS Group). Social Chain AG had announced the acquisition of the internationally operating brand and trading company on 19 October 2021. The Executive Board and Supervisory Board of Social Chain AG have not yet made a decision on the volume and final timing of a possible capital increase.

Wanja S. Oberhof, CEO of Social Chain AG: "After the listing in the Prime Standard of the Frankfurt Stock Exchange, we received extremely positive feedback from the capital market, especially from institutional investors. This feedback has encouraged us to implement the possible cash capital increase already communicated at the time of the acquisition of DS Group and to place the shares in the short term. This step would also bring more liquidity to the Social Chain share and help to increase the free float."
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