P+P advises Allgeier SE on capital increase

July 2017

Allgeier SE, which is based in Munich and listed on the stock exchange, has increased its share capital by almost 10% using authorized capital. As part of the transaction, 907,149 bearer shares were issued at a placement price of EUR 18.10 per share. Using a book building process, the new shares were placed without a prospectus with international institutional investors, corporate members of the company and other executives of the Allgeier Group.

The gross issuance volume amounts to approximately EUR 16.4 million. The new shares were admitted to trading on the regulated market on the Frankfurt Stock Exchange (General Standard) on 22 June 2017. The new shares were listed on 23 June 2017.

Allgeier SE is a leading IT company for digital transformation with more than 6,500 employees and some 1,300 freelance employees. In 2016, the Allgeier Group archieved a turnover of approximately EUR 500 million. The company plans to use the proceeds from the capital increase to finance further growth investments.

P+P Pöllath + Partners advised Allgeier SE with the following team, specialized in corporate and capital market law: