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DGAP-Adhoc: GRENKE AG: GRENKE AG resolves on cash capital increase with an issue volume of up to EUR 200 million

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DGAP-Ad-hoc: GRENKE AG / Key word(s): Capital Increase
GRENKE AG: GRENKE AG resolves on cash capital increase with an issue volume
of up to EUR 200 million

13-Jun-2018 / 17:44 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.

NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION, EITHER DIRECTLY OR
INDIRECTLY, IN FULL OR IN EXCERPTS, IN OR TO THE UNITED STATES OF AMERICA,
CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH
DISTRIBUTION, PUBLICATION OR FORWARDING WOULD BE UNLAWFUL.

*GRENKE AG resolves on cash capital increase with an issue volume of up to
EUR 200 million*

*Baden-Baden, June 13, 2018*

The Board of Directors of GRENKE AG (ISIN: DE000A161N30), with the approval
of the Supervisory Board, today resolved on a capital increase against cash
contribution with an issue volume of up to EUR 200 million under the
exclusion of current shareholders' subscription rights (this corresponds to
approx. 4.3% of the current share capital based on the Xetra closing price
of June 12, 2018). The Company's share capital shall be increased through
the partial use of the Company's authorised capital that was resolved on by
the Annual General Meeting on May 03, 2018. The Company will issue new
no-par value registered shares with dividend entitlement for the fiscal year
2018 and bearing rights equal to those of the existing outstanding shares of
the Company. The new shares will be offered to qualified investors as
defined by Section 2 (6) WpPG outside of the United States of America under
Regulation S of the U.S. Securities Act of 1933, as amended in a private
placement by way of an accelerated bookbuilding offering. The private
placement will commence on June 13, 2018 and is expected to end on June 14,
2018. The Company reserves the right to close the order book at any time.

The placement price will be determined by the Board of Directors after
conclusion of the accelerated bookbuilding offering and is expected to be
announced on June 14, 2018.

The new shares shall be admitted to trading on the regulated market of the
Frankfurt Stock Exchange without a prospectus with simultaneous admission to
the sub-segment of the regulated market with additional post-admission
obligations (Prime Standard). The new shares will be included in the current
listing as per June 20, 2018.

GRENKE AG intends to use the net proceeds from the capital increase to
finance the Company's further growth in its core markets and successful
internationalisation strategy. In light of the envisaged strong growth, the
capital increase is expected to support the very strong capital base and
maintain the equity ratio in the long term over 16%.

For further information, please contact:

GRENKE AG
Investor Relations
Renate Hauss
Neuer Markt 2
76532 Baden-Baden
Phone: +49 7221 5007-204
Email: investor@grenke.de
Internet: http://www.grenke.de

*Important notice*
This publication may not be published or distributed, directly or
indirectly, in the United States of America (including its territories and
possessions), Canada, Australia or Japan or any other jurisdiction where
such an announcement would be unlawful. The distribution of this
announcement may be restricted by law in certain jurisdictions and persons
who are in possession of this document or other information referred to
herein should inform themselves about and observe any such restrictions. Any
failure to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.

This publication is for information purposes only. It does not constitute an
offer to purchase, sell, exchange or transfer any securities or a
solicitation to submit an offer to purchase securities of GRENKE AG in the
United States of America, Germany or any other jurisdiction. Neither this
announcement nor its content shall form the basis of an offer in any
jurisdiction. The securities of GRENKE AG may not be offered or sold in the
United States of America without registration or an exemption from
registration under the United States Securities Act of 1933, as amended (the
'Securities Act'). The securities of GRENKE AG have not been, and will not
be, registered under the Securities Act.

In the United Kingdom, this publication is being directed only at persons
who (i) are investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as
amended) (the 'Order') or (ii) persons falling within Article 49(2)(a) to
(d) of the Order (high net worth companies, partnerships, etc.) (all such
persons together being referred to as 'Relevant Persons'). This publication
is directed and distributed only to Relevant Persons and must not be acted
on or relied on by persons who are not Relevant Persons. Any investment or
investment activity to which this publication relates is available only to
Relevant Persons and will be engaged in only with Relevant Persons.

In the member states of the European Economic Area ('EEA') that have
implemented the Prospectus Directive (the 'Relevant Member States'), this
announcement and any offer if made subsequently is directed exclusively to
persons who are 'qualified investors' as defined by the Prospectus Directive
('Qualified Investors'). For these purposes, the expression 'Prospectus
Directive' means Directive 2003/71/EC (and amendments thereto, including the
2010 'Prospectus Directive Amending Directive', to the extent implemented in
a Relevant Member State).

No action has been taken that would permit an offer or a purchase of the
securities or distribution of this publication in any jurisdiction where
such action would be unlawful. Persons who are in possession of this
announcement are required to inform themselves about and observe any such
restrictions.

This announcement does not constitute a recommendation concerning the
private placement of securities described in this announcement (the
'Placement'). Investors should consult a professional advisor as to the
suitability of the Placement for the person concerned.

To the extent that this announcement contains forward-looking statements,
such statements do not represent facts and are characterised by the words
'expect', 'believe', 'estimate', 'intend', 'aim', 'assume' or similar
expressions. Such statements express the intentions, opinions or current
expectations and assumptions of GRENKE AG and are based on current plans,
estimates and forecasts which GRENKE AG has made to the best of its
knowledge, but which do not claim to be correct in the future.
Forward-looking statements are subject to risks and uncertainties that are
difficult to predict and usually cannot be influenced by GRENKE AG. It
should be kept in mind that actual events or developments may differ
materially from those contained in or expressed by such forward-looking
statements.

13-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: GRENKE AG
Neuer Markt 2
76532 Baden-Baden
Germany
Phone: +49 (0)7221 50 07-204
Fax: +49 (0)7221 50 07-4218
E-mail: investor@grenke.de
Internet: www.grenke.de
ISIN: DE000A161N30
WKN: A161N3
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange

End of Announcement DGAP News Service

695221 13-Jun-2018 CET/CEST



(END) Dow Jones Newswires

June 13, 2018 11:44 ET ( 15:44 GMT)
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