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DGAP-Adhoc: 11880 Solutions AG adopts resolution to implement capital increase from authorised capital

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DGAP-Ad-hoc: 11880 Solutions AG / Key word(s): Capital Increase/Corporate
Action
11880 Solutions AG adopts resolution to implement capital increase from
authorised capital

11-Sep-2019 / 20:26 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Essen, 11 September 2019 - The Management Board of 11880 Solutions AG (WKN
511880) today adopted a resolution, approved by the Supervisory Board, to
implement a capital increase from authorised capital in return for cash
contributions by issuing 1,911,109 new shares at an issue price of EUR 1.83.
The pre-emption rights of shareholders have been disapplied for this capital
increase. The major shareholder united vertical media GmbH will subscribe
for and acquire all of the new shares.

11880 Solutions AG will use the cash inflow to invest in a new IT
infrastructure, which is urgently required to enhance customer acquisition
and customer loyalty. The company also intends to broaden and accelerate its
efforts to establish the very successfully launched platforms
werkenntdenBESTEN.de and wirfindendeinenJOB.de in the market.

The capital increase will raise the company's share capital from EUR
19,111,091.00 to EUR 21,022,200.00. The new shares carry dividend rights
from 1 January 2019 and will be admitted to trading in the Prime Standard
segment of the Frankfurt Stock Exchange.

As a result of this corporate action, 11880 Solutions AG has adjusted its
forecast for financial year 2019 as follows: For 2019, 11880 Solutions AG
expects consolidated revenues in the range of EUR 46.1 to 48.9 million
(previous guidance: EUR 40.3 to 47.0 million) and consolidated EBITDA of EUR
1.8 to 2.8 million (previous guidance: EUR 2.0 to 4.0 million). The company
also anticipates a cash flow of EUR 2.0 to 2.8 million for financial year
2019 (previous guidance: EUR -1.0 to 0.0 million) and cash holdings of EUR
4.6 to 5.4 million as of 31 December 2019 (previous guidance: EUR 1.6 to 2.6
million).

Contact:
Anja Meyer
11880 Solutions AG
Unternehmenskommunikation
Tel.: 0201 / 8099-188
E-Mail: anja.meyer@11880.com

11-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: 11880 Solutions AG
Hohenzollernstraße 24
45128 Essen
Germany
Phone: 0201-80990
E-mail: info@11880.com
Internet: www.11880.com
ISIN: DE0005118806, DE0005118806, ,
WKN: 511880, 511880
Indices: Prime All Share
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 872255

End of Announcement DGAP News Service

872255 11-Sep-2019 CET/CEST



(END) Dow Jones Newswires

September 11, 2019 14:26 ET ( 18:26 GMT)
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