The NAGA Group AG: Sale of NAGA Coin tokens generates gross proceeds of approximately $ 50 million.
Ad hoc announcement under Article 17 Market Abuse Regulation __________________________________________________________
THE NAGA GROUP AG: Sale of NAGA Coin (NGC) tokens generates gross proceeds of approximately $ 50 million.
Hamburg, 19 December 2017
The NAGA Development Association Ltd. has completed the sale of NAGA Coin (NGC) tokens and today informed The NAGA Group AG that the NAGA Development Association Ltd. hereby generated gross proceeds of approximately $ 50 million. In total, over 63,000 investors have participated, making the project one of the world's most successful and largest token sale projects.
The NAGA Development Association Ltd. and The NAGA Group AG will soon enter into concrete negotiations for future cooperation. The aim is that part of the proceeds from the token sale by the NAGA Development Association Ltd. to be invested in the NAGA ecosystem.
The Management Board of The NAGA Group AG assumes that The NAGA Group AG will be able to profit from this considerably in the current financial year 2017. _____________________________
Contact: The NAGA Group AG Investor Relations Sandra Panknin Andreas Luecke Head of Legal Herrengraben 31 20459 Hamburg T: +49 (0)40 5247 791 55 E: email@example.com Link to The NAGA Group AG website: http://www.thenagagroup.com End of ad hoc announcement _____________________________
THE NAGA GROUP AG:
THE NAGA GROUP was founded in August 2015 by Yasin Sebastian Qureshi, Benjamin Bilski and Christoph Brück. The company's goal is to drive the development, marketing and growth of disruptive applications for financial technology, and to actively participate in the change and the opening up of the existing financial system. The word "NAGA" is Sanskrit and means "Cobra snake". It is also the name of the world's hottest chili variety.
19-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: The NAGA Group AG Herrengraben 31 20459 Hamburg
Germany E-mail: firstname.lastname@example.org Internet: www.thenagagroup.com ISIN: DE000A161NR7 WKN: A161NR Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
640599 19-Dec-2017 CET/CEST