Mountain Alliance : completes the takeover of Mountain Technology AG as part of a non-cash capital increase
December 19, 2018 at 03:00 pm IST
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DGAP-Ad-hoc: Mountain Alliance AG / Key word(s): Investment/Mergers & Acquisitions
Mountain Alliance AG completes the takeover of Mountain Technology AG as part of a non-cash capital increase
19-Dec-2018 / 10:23 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.
Mountain Alliance AG completes the takeover of Mountain Technology AG as part of a non-cash capital increase
Mountain Alliance AG reports the acquisition of 100% of the shares of Mountain Technology AG, a holding company headquartered in St. Gallen, Switzerland from Mountain Partners AG. As part of the transaction, which is done as a non-cash capital increase, Mountain Partners AG increases its share in Mountain Alliance AG from 50.1% to 66.9%. In the context of the takeover of Mountain Technology AG by Mountain Alliance AG, the board of directors of Mountain Alliance AG decided in agreement with the supervisory board of the company on 19 December 2018 to increase the share capital in partial utilization of the approved capital 2018/I to the exclusion of shareholders' subscription rights of EUR 4,035,330.00 by EUR 2,010,390.00 to EUR 6,045,720.00 by issuing 2,010,390 new shares in exchange for contributions in kind. The new shares were signed for in full today by Mountain Partners AG as part of a private placement, which will in return introduce all 100,000 shares in Mountain Technology AG into Mountain Alliance AG. The issue price for the new shares of Mountain Alliance AG was EUR 6.50 and therefore above the average closing price for the company over the past 30 trading days before today, as well as above the final closing price of the company shares. The new shares will be participating shares as of the start of the business year in which the capital increase is registered in the companies' register for Mountain Alliance AG.
The transaction represents a substantial enlargement of the Mountain Alliance AG portfolio.
19-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Mountain Alliance AG, formerly Ecommerce Alliance AG, is a Germany-based investment holding company, which concentrates on the digital assets sector. The Company holds more than 30 portfolio companies in three segments: Meta Platforms, Software as a Service (SaaS) & Digital Media; Value Added E-commerce, and Digital Business Services. The Company reports two operating segments: Services, covering the activities of its subsidiaries within Digital Business Services, such as Crealytics and The Native, which provide digital marketing, logistic and consulting services to other Group companies, as well as to external clients, and Brands, which combine the activities of portfolio companies allocated to Meta Platforms, SaaS & Digital Media, including Customer Alliance, Mybestbrands and Yasni, among others, and Value Added E-Commerce, including AlphaPet, Shirtinator and others. It invests in European companies, particularly in German-speaking countries.
MOUNTAIN ALLIANCE AG 
