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PRESS RELEASE: Citigroup Global Markets Limited: Pre Stabilisation Notice

| Quelle: Dow Jones Newsw... | Lesedauer etwa 7 min. | Text vorlesen Stop Pause Fortsetzen

DGAP-News: Citigroup Global Markets Limited / Key word(s): Miscellaneous
Citigroup Global Markets Limited: Pre Stabilisation Notice

2020-07-07 / 11:30
The issuer is solely responsible for the content of this announcement.


_Notification of Stabilization Measures in accordance with Article 5(4) and
(6) of Regulation (EU) No 596/2014 of the European Parliament and of the
Council on market abuse ("Market Abuse Regulation") of 16 April 2014 and
repealing Directive 2003/6/EC of the European Parliament and of the Council
and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and in
accordance with Article 6(1) of Commission Delegated Regulation (EU)
2016/1052 of 8 March 2016._

Citigroup Global Markets Limited ("*Citigroup*" or the "*Stabilization
Manager*"), is acting as Stabilization Manager in connection with the
private placement of shares in Brockhaus Capital Management AG, Frankfurt,
Germany (the "*Company*"), and will have the right, in the time period
expected to begin on July 14, 2020 (including) and ending no later than 30
calendar days thereafter (_i.e._ August 14, 2020 (including)) (the
"*Stabilization Period*"), with regard to the Company's shares, which are
expected to be admitted to trading on the regulated market of the Frankfurt
Stock Exchange (_Prime Standard_) on July 10, 2020 (International Securities
Identification Number (ISIN: DE000A2GSU42; German Securities Code (WKN):
A2GSU4), in the scope admissible under Article 5(4) of the Market Abuse
Regulation, to carry out stabilization measures (the "*Stabilization
Measures*"). The offer price is EUR 32.00 (the "*Offer Price*").

Stabilization Measures are intended to provide support for the market price
of the Company's securities during the Stabilization Period if the
securities come under selling pressure, thus alleviating sales pressure
generated by short-term investors and maintaining an orderly market in those
securities. Stabilization Measures may cause the market price of the shares
to be higher than it would otherwise have been. In addition, the market
price may temporarily be at a level that is not sustainable. In addition,
stabilization activities may give false or misleading signals regarding the
supply of the securities. The Stabilization Manager may carry out
Stabilization Measures on the regulated market of the Frankfurt Stock
Exchange. The Stabilization Manager is not required to carry out
Stabilization Measures. Therefore, no assurance can be provided that
Stabilization Measures will be carried out. As a result, Stabilization
Measures may not necessarily be carried out and any Stabilization Measures
may cease at any time without advance notice.

In addition to the private placement of up to 3,125,000 new shares in the
Company ("*New Shares*") up to 468,750 additional shares may be allotted to
investors (the "*Over-Allotment*"). In connection with a potential
Over-Allotment, the Stabilization Manager was provided with up to 468,750
shares from the holdings of a pre-listing shareholder by way of a securities
loan granted free of charge, and this number of shares will not exceed 15%
of the final number of New Shares placed in the course of the private

In this context, with the sole purpose of covering potential
Over-Allotments, the Company has granted the Stabilization Manager an option
to acquire up to 468,750 greenshoe shares by way of a capital increase
against cash contribution (the "*Greenshoe Shares*") at the Offer Price less
agreed commissions (the "*Greenshoe Option*"). The Stabilization Manager may
exercise the Greenshoe Option on one or more occasions. The Greenshoe Option
will expire 30 calendar days after stock exchange trading in the shares
commences and may only be exercised to the extent shares have been placed by
way of the Over-Allotment.

During the Stabilization Period, the Stabilization Manager ensures adequate
public disclosure of the details of any Stabilization Measures by the end of
the seventh day of trading following the date on which Stabilization
Measures were carried out. The Stabilization Manager will also ensure that
any exercise of the Greenshoe Option will be disclosed to the public,
together with all appropriate details.

Within one week of the end of the Stabilization Period, adequate public
disclosure of the following information will be made: whether or not
Stabilization Measures were carried out; the dates on which any price
Stabilization Measures started and ended; the date on which Stabilization
Measures last occurred; the price range within which Stabilization Measures
were carried out (for each date of a Stabilization Measure); and the trading
venues on which Stabilization Measures (if any) were carried out.


This communication constitutes neither an offer to sell nor a solicitation
to buy securities. This communication is not for publication or
distribution, directly or indirectly, in or into the United States, Canada,
Australia or Japan. This communication does not constitute or form part of
an offer of securities for sale or solicitation of an offer to purchase
securities in the United States, Canada, Australia, Japan, or in any other
jurisdiction in which such offer may be restricted. The securities referred
to in this communication have not been, and will not be, registered under
the US Securities Act of 1933, as amended (the "Securities Act"), and may
not be offered or sold in the United States absent registration or an
exemption from the registration requirements under the Securities Act. The
Company does not intend to register any portion of securities in the United
States or to conduct a public offering of Shares in the United States. No
public offering of securities is currently planned in any jurisdiction.

In the United Kingdom, this communication is directed only at persons who:
(i) are qualified investors within the meaning of the Financial Services and
Markets Act 2000 (as amended) and any relevant implementing measures and/or
(ii) are outside the United Kingdom or (iii) have professional experience in
matters relating to investments and fall within the definition of
"investment professionals" contained in article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended)
(the "Order") or are persons falling within article 49(2)(a) to (d) (high
net worth companies, unincorporated associations, etc.) of the Order, or
fall within another exemption to the Order (all such persons referred to in
(i) to (iii) above together being referred to as "Relevant Persons"). Any
person who is not a Relevant Person must not act or rely on this
communication or any of its contents. Any investment or investment activity
to which this communication relates is available only to Relevant Persons
and will be engaged in only with Relevant Persons.

This information is provided by RNS, the news service of the London Stock
Exchange. RNS is approved by the Financial Conduct Authority to act as a
Primary Information Provider in the United Kingdom. Terms and conditions
relating to the use and distribution of this information may apply. For
further information, please contact rns@lseg.com or visit www.rns.com [1].

2020-07-07 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Citigroup Global Markets Limited
33 Canada Square
E14 5LB London
United Kingdom
E-mail: info@citigroup.com
EQS News ID: 1088185

End of News DGAP News Service

1088185 2020-07-07

1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=045b54e0f10227971bc659c2b6137e6c&application_id=1088185&site_id=vwd&application_name=news

(END) Dow Jones Newswires

July 07, 2020 05:30 ET ( 09:30 GMT)

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