FinLab AG, DE0001218063

FinLab AG, DE0001218063

23.05.2017 - 16:28:13

FinLab AG announces successful placement of capital increase

FinLab AG announces successful placement of capital increase

 

Frankfurt/Main, 23 May 2017 - The management of FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR) is pleased to announce that the current capital increase, which was resolved on May 16, 2017 and amounts to 10% of the current share capital, has been fully subscribed by international institutional investors. In total, 450,000 new registered shares have been successfully placed at a placement price of EUR 13,00 per share. The transaction was accompanied by Dero Bank AG, Munich.

FinLab will receive new funds (before transaction fees) of EUR 5.85 Mio. The new funds shall be used to expand the investment portfolio.

 

About FinLab AG:

Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and one of the largest company builders and investors focused on the Financial Services Technologies ("fintech") sector in Europe. FinLab focuses on developing German fintech start-ups and providing venture capital for their financial needs, whereas in each case the aim is a long-term participation and ongoing support of the investment. FinLab also invests globally, as part of venture rounds, in fintech companies, primarily in the USA and Asia.

Media contact:

FinLab AG investor-relations@finlab.de Tel.: +49 (0) 69 719 12 80 - 0

23-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: FinLab AG Grüneburgweg 18 60322 Frankfurt/Main

Germany Phone: +49 (0)69 719 12 80 - 0 Fax: +49 (0)69 719 12 80 - 011 E-mail: investore-relations@finlab.de Internet: www.finlab.de ISIN: DE0001218063 WKN: 121806 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt   End of Announcement DGAP News Service

576637  23-May-2017 CET/CEST

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