New Work SE

Share Issue/Capital Change • Dec 6, 2006

News Details

Ad-hoc | 6 December 2006 21:13

OPEN Business Club AG sets offer price and offer volume

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Hamburg, December 6, 2006 – Together with the selling shareholders and the underwriters, OPEN Business Club AG set the offer price for up to 2,181,781 offered shares and up to 327,268 shares to cover a potential over-allotment at Euro 30.00 per share. All offered 2,509,049 shares, including the full over-allotment, were allocated. Open Business Club AG will receive net proceeds of approximately Euro 35.7 million from the 1,350,000 shares from the capital increase. Approximately 7.9 percent of the offered shares (including the over-allotment) were issued to retail investors. As the offering was oversubscribed, purchase offers of retail investors not entitled to a preferential allotment were allocated at 50 percent each. Purchase offers of retail investors entitled to a preferential allotment were allocated in full. Approximately 5.3 percent of shares allocated pursuant to the preferential allotment were allocated to members of the XING platform and 0.6 percent to employees of the Company or its subsidiary companies, business partners of the Company, its current shareholders or persons in other business relationships with the Company or its current shareholders. Additionally, approximately 0.3 percent of the shares allocated pursuant to the preferential allotment were allocated to members of the supervisory and management boards of the Company (family members of supervisory and management board members did not receive preferential allocation). Disclaimer: This press release constitutes neither an offer to sell nor a solicitation to buy any securities. The offer is being made solely by means, and on the basis of the prospectus, published on the website of OPEN Business Club AG under www.xing.com/ir and held available free of charge at OPEN Business Club AG and at the Underwriters. The Supplement No. 1 to the prospectus is expected to be available accordingly as of December 4, 2006. This press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States of America. The shares in OPEN Business Club AG (the ‘Shares’) may not be offered or sold in the United States or to or for the account or benefit of ‘U.S. persons’ (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the ‘Securities Act’)) absent registration or an exemption from registration under the Securities Act. Any public offering of securities to be made in the United States would be made by means of a prospectus that could be obtained from the Company and that would contain detailed information about the Company and management, as well as financial statements. The Shares have not been and will not be registered under the Securities Act. Daniela Hinrichs VP Corporate Communications Gänsemarkt 43 20354 Hamburg Tel. +49 40 419131-19 Fax +49 40 419131-11 daniela.hinrichs@xing.com (c)DGAP 06.12.2006 ————————————————————————— Language: English Issuer: OPEN Business Club AG Gänsemarkt 43 20354 Hamburg Deutschland Phone: +49 (0)40 419 131-10 Fax: +49 (0)40 419 131-11 E-mail: investor-relations@xing.com WWW: www.xing.com ISIN: DE000XNG8888 WKN: XNG888 Indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard) Notierung vorgesehen / designated to be listed End of News DGAP News-Service —————————————————————————