4SC AG

Share Issue/Capital Change • Jan 23, 2015

News Details

Ad-hoc | 23 January 2015 10:48

4SC AG plans Extraordinary General Meeting and reduction of share capital

4SC AG / Key word(s): AGM/EGM/Corporate Action

23.01.2015 10:48

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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4SC AG plans Extraordinary General Meeting and reduction of share capital

Planegg-Martinsried, Germany, 23 January 2015 - 4SC AG (Frankfurt, Prime
Standard: VSC) today decided to hold an Extraordinary General Meeting on 11
March 2015. The primary objective of the Extraordinary General Meeting is
to adopt a resolution to reduce the Company's share capital through a
reverse split of shares in accordance with sections 222 ff. of the German
Stock Corporation Act (AktG). The capital reduction is to be effected such
that the share capital is lowered from EUR 50,849,205.00 by EUR
40,679,364.00 to EUR 10,169,841.00 by consolidating the no-par value shares
issued in a 5:1 ratio from 50,849,205 to 10,169,841.

From an accounting perspective, the capital reduction is intended to effect
a reclassification on the liabilities side of the balance sheet of 4SC AG
from subscribed capital to the non-distributable capital reserves. This
measure will not change the Company's equity structure and enterprise
value. No distribution will be made to shareholders. The aim of the capital
reduction is to raise the Company's share price in a sustained manner above
the notional value of EUR 1.00 per share and to give 4SC AG the flexibility
to undertake any future capital measures.

The resolution on the capital reduction will be preceded by a resolution to
cancel one share of the Company surrendered to the Company by a shareholder
free of charge (section 237(1) sentence 1, 2nd case in conjunction with
section 237(3) No 1 AktG). This is necessary to be able to implement the
capital reduction through consolidation of shares in an even share
consolidation ratio.

Further information will be provided in the notice to the Extraordinary
General Meeting which is expected to be published in the Federal Gazette on
29 January 2015.

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Information and Explaination of the Issuer to this News:

About 4SC

The Group managed by 4SC AG (ISIN DE0005753818) discovers and develops
targeted, small-molecule drugs for treating diseases with high unmet
medical needs in various cancer and autoimmune indications. These drugs are
intended to provide innovative treatment options that are more tolerable
and efficacious than existing therapies, and provide a better quality of
life. The Company's pipeline comprises promising products that are in
various stages of clinical development. 4SC's aim is to generate future
growth and enhance its enterprise value by entering into partnerships with
leading pharmaceutical and biotech companies. Founded in 1997, 4SC had a
headcount of 66 employees (57 FTEs) at 31 December 2014. 4SC AG has been
listed on the Prime Standard of the Frankfurt Stock Exchange since December
2005.

Cautionary statement regarding forward-looking statements

This press release contains certain forward-looking statements. Any
forward-looking statement applies only on the date of this press release.
By their nature, forward-looking statements are subject to a number of
known and unknown risks and uncertainties that may or may not occur in the
future and as a result of which the actual results and performance may
differ substantially from the expected future results or performance
expressed or implied in the forward looking statements. No warranties or
representations are made as to the accuracy, achievement or reasonableness
of such statements, estimates or projections, and 4SC AG has no obligation
to update any such information or to correct any inaccuracies herein or
omission herefrom which may become apparent.

For more information please visit www.4sc.de or contact:

4SC AG
Jochen Orlowski, Corporate Communications & Investor Relations
jochen.orlowski(at)4sc.com, Tel.: +49-89-7007-6366

MC Services
Katja Arnold, Michelle Kremer
katja.arnold(at)mc-services.eu, Tel.: +49-89-2102-2840

The Trout Group
Chad Rubin
crubin(at)troutgroup.com, Tel.: +1-646-378-2947

23.01.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: 4SC AG
Am Klopferspitz 19a
82152 Martinsried
Germany
Phone: +49 (0)89 7007 63-0
Fax: +49 (0)89 7007 63-29
E-mail: public@4sc.com
Internet: www.4sc.de
ISIN: DE0005753818
WKN: 575381
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service

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