mutares AG – planned strategic repositioning on the capital market proceeds

mutares AG (ISIN DE000A0SMSH2) successfully completes 1st phase of enlarging the free float. The transition into the Entry Standard of the Frankfurt Stock Exchange is being prepared.

Due to widespread demand from international investors, the founders and their families have decided to contribute to the expansion of the free float by placing 420.000 shares. The transaction was accompanied by Hauck & Aufhäuser Privatbankiers KGaA, Frankfurt am Main, as the Sole Lead Manager.

As part of the planned strategic repositioning on the capital market, the company has applied to be included in the Entry Standard of the Frankfurt Stock Exchange and is currently working on the necessary prospectus. The broadened investor base along with the more stringent transparency requirements associated with the transition into the Entry Standard shall build the foundation to utilize the quotation on the capital market for further developing the company.