Northern Data AG resolves on capital increase against cash contributions from authorized capital with private placement

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Frankfurt on the Main – April 8, 2020  The Management Board of the Northern Data AG, (ISIN DE000A0SMU87, WKN A0SMU8, ticker NB2) today resolved, with the approval of the Supervisory Board, to increase the Company’s issued share capital from EUR 11,162,250.00 to up to EUR 11,720,362.00 by issuing up to 558,112 new no-par value ordinary bearer shares, which corresponds to 5% of the current share capital, against cash contributions partially utilizing the existing authorized capital and excluding the existing shareholders’ subscription rights. The board resolution allows for an upsizing option of additional new shares.

The new shares will be offered exclusively to institutional investors in Germany and abroad within the framework of a private placement using an accelerated bookbuilding process, which will commence immediately after publication of this announcement and may end at short notice at any time.

The net proceeds from the capital increase shall be used to strengthen the balance sheet, increase the liquidity and free float of the shares, accelerate the growth of existing business activities and general corporate purposes.

The Company has agreed to a lock-up of six months subject to customary exceptions. The first trading day for the new shares and settlement of the new shares against payment of the placement price are expected to take place on or around April 16, 2020.

The new shares will be included without a prospectus in the existing listing on the Open Market of the Munich Stock Exchange (m:access). Hauck & Aufhäuser Investment Banking will be acting as Sole Bookrunner in the transaction.

The new shares have not been, and will not be, registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This release is not for distribution, directly or indirectly, in or into the United States, including its territories and possessions. This release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States.

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This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Data AG and does not constitute a prospectus of Northern Data AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and investment matters, please consult qualified professional advice. This release and the information contained herein are not for distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan.

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