BAUER AG decides on a capital increase from authorized capital

Publication of insider information in accordance with article 17 of EU Regulation no. 596/2014

Not for direct or indirect, complete or partial distribution, publication or transmission in or to the United States of America, Canada, Japan or any other jurisdiction where such distribution, publication or transmission would be unlawful.

Schrobenhausen, Germany – The Management Board of BAUER Aktiengesellschaft (ISIN DE0005168108) today resolved to execute a capital increase with the approval of the Supervisory Board. With nearly full utilization of the existing authorized capital for 2020, the share capital of BAUER Aktiengesellschaft will be increased by a nominal amount of EUR 7,299,997.16 to EUR 80,301,417.61, excluding shareholders' subscription rights. This corresponds to approximately 10% of the current share capital. The increase will be carried out against cash contributions by the issue of 1,713,066 new no-nominal-value shares at an issue price of EUR 9.32 per share. The new shares will be offered as part of a private placement for subscription and acquisition.

The new shares are to be authorized for trade on the regulated market (Prime Standard) of the Frankfurt Stock Exchange without a prospectus.

With this cash capital increase, BAUER Aktiengesellschaft is reinforcing its equity basis. In light of the negative after-tax earnings for 2019 (EUR -36.6 million), the equity ratio decreased to 23.8% at the end of the previous year. With an ad-hoc announcement issued November 3, 2020, the Management Board also forecast negative earnings after tax for the 2020 financial year due to the consequences of the COVID-19 pandemic. This figure is expected to be significantly better than the previous year and better than EUR -20 million.