Financial news

DGAP-Adhoc: blockescence plc: Increase in Capital (english)

06/12/2018 - 19:25

    blockescence plc: Increase in Capital

DGAP-Ad-hoc: blockescence plc / Key word(s): Capital Increase
blockescence plc: Increase in Capital

06-Dec-2018 / 19:24 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.


blockescence plc.: Increase in Capital

Valletta, December 6, 2018: blockescence plc (ISIN: MT0000580101, WKN:
A1JGT0, Symbol: BCK) informs that its Board of Directors has decided to
increase the company's share capital. The Company issues 500,000 new common
shares with a nominal value of EUR 1.00 per share from its Authorized
Capital. These new shares are not yet admitted for trading. In the course of
this share issuance, a total of existing 500,000 listed shares have been
made available by Bodhivas GmbH to a limited number of European qualified
investors at a price of EUR 1.35 per share. Bodhivas has in turn subscribed
to the equivalent number of the remaining new shares from the share
issuance, according to the Memorandum of Association disapplying the
shareholder's pre-emptive right, at the same issue price, which has resulted
in gross proceeds of EUR 675,000 for the Company. As a result, the total
number of shares issued increases to 59,850,000 whereby the number of shares
admitted to trading remain at 40,800,000. The cash proceeds from the capital
increase are to be used for general working capital.

--End of ad-hoc announcement--

For further information please contact:
cometis AG
Maximilian Franz
T: +49 611 205 855-22

blockescence plc
St. Christopher Street 168
Valletta VLT 1467

About blockescence plc:

blockescence is a strategic investment-holding, that focuses on a buy, build
& sell strategy of fast growing companies in consolidating TMT Sectors. The
blockescence portfolio companies are growing via acquisitions and organic
growth and new technologies are actively used to create USP's and further
efficiency within the portfolio companies. An example is the implementation
and roll-out of distributed ledger technology (DLT or blockchain-technology)
to create competitive advantages in the Portfolio Companies.

blockescence is based in Valletta (Malta), has subsidiaries in Switzerland
and Germany and is listed on the Frankfurt Stock Exchange as well as on


06-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
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   Language:    English
   Company:     blockescence plc
                St. Christopher Street 168
                VLT 1467 Valletta
   Phone:       +356 21 22 7553
   Fax:         +356 21 22 7667
   ISIN:        MT0000580101
   WKN:         A1JGT0
   Listed:      Regulated Unofficial Market in Berlin, Frankfurt (Basic
                Board); Malta

   End of Announcement    DGAP News Service

755379 06-Dec-2018 CET/CEST


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