Niiio finance group AG Announces AGM for Capital Increase and Share Contribution Deal

niiio finance group AG has disclosed plans to convene an extraordinary general meeting (AGM) scheduled for May 22nd, 2024. The agenda includes a resolution on a capital increase amounting to EUR 28,599,443.00. This increase is unique as it involves an exchange for the entire share capital of three subsidiary companies: fundsaccess AG, FundHero S.A., and FinTecc LLC.

The proposed transaction, termed as "Capital Increase in Kind," entails issuing 28,599,443 new registered shares at an issue price of EUR 1.00 per share. This move would elevate the company's capital to EUR 64,564,801. The maneuver is based on an Investment and Shareholders' Agreement with Neptune TopCo GmbH, niiio's major shareholder, aligning with previous ad-hoc reporting from October 27, 2023. The contribution companies under discussion are direct subsidiaries of Neptune BidCo AG and indirectly tied to Neptune TopCo GmbH.

niiio finance group AG, a provider of cloud-based SaaS solutions for asset and wealth managers, aims at strengthening its position through this strategic reorganization. The company's focus remains on enhancing its offerings and expanding its footprint across Europe.