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DGAP-Adhoc: Advanced blockchain AG is aiming for a significant stake in FinPro AG

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DGAP-Ad-hoc: Advanced Blockchain AG / Key word(s): Investment/Cryptocurrency
/ Blockchain
Advanced blockchain AG is aiming for a significant stake in FinPro AG

16-Sep-2020 / 19:49 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.

The Management Board of Advanced Blockchain AG (Frankfurt, Primary market,
XETRA: ISIN DE000A0M93V6) has decided to take concrete steps with the aim of
acquiring a 45% stake in FinPro AG, Hamburg / Cologne, through the issue of
new shares in Advanced Blockchain AG by way of a capital increase against
contribution in kind.

FinPro AG (www.finpro.de [1]) develops software solutions for the
blockchain-based representation and management of digital assets, securities
and other assets with a focus on crowdfunding applications.

Subject to the approval of the Supervisory Board, the acquisition is to take
place exclusively by issuing up to 840,000 shares in Advanced Blockchain AG,
which are to be issued as part of a capital increase in kind using the
existing authorized capital. The new shares in Advanced Blockchain AG will
be valued at the current stock exchange price; with regard to the shares
bought in FinPro AG, through the valuation by an expert. The transaction is
expected to close in the fourth quarter.

The remaining shares in FinPro AG will continue to be held by the founders
and business angel investors.
Information and Explanation of the Issuer to this News:

*About Advanced Blockchain AG*

Advanced Blockchain AG is an exchange-traded blockchain development company
based in Berlin, whose shares are traded on XETRA, Frankfurt, Düsseldorf
primary market and other stock exchanges. The company develops and invests
in blockchain software solutions for industrial companies and applications.
There is a significant investment in Peaq Technology GmbH (www.peaq.com
[2]), which is developing its own blockchain technology base system called
'peaq' based on the new DAGchain technology.

Further information on Advanced Blockchain AG is available on the website
www.advancedblockchain.com [3].

16-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Advanced Blockchain AG
Chausseestraße 86
10115 Berlin
Phone: 030403669510
Fax: 030403669511
E-mail: info@advancedblockchain.com
Internet: www.advancedblockchain.com
ISIN: DE000A0M93V6
Listed: Regulated Unofficial Market in Berlin, Dusseldorf
(Primärmarkt), Frankfurt, Munich, Stuttgart
EQS News ID: 1132697

End of Announcement DGAP News Service

1132697 16-Sep-2020 CET/CEST

1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=2fb73d03333d1ade8160a9301b8e9adf&application_id=1132697&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=883f7898fd64d83e3c4efa651ae69e6a&application_id=1132697&site_id=vwd&application_name=news
3: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=446b56f8301229426a9c6465753315b5&application_id=1132697&site_id=vwd&application_name=news

(END) Dow Jones Newswires

September 16, 2020 13:49 ET ( 17:49 GMT)

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