Varengold Bank AG: Significant increase in capital stock and re-election in the Supervisory Board

Varengold Bank AG  / Key word(s): AGM/EGM/Miscellaneous25.09.2015 11:37Dissemination of a Corporate News, transmitted by DGAP - a service of EQSGroup AG.The issuer / publisher is solely responsible for the content of this announcement.---------------------------------------------------------------------------Hamburg, 25th September 2015 - The Executive Board and Supervisory Board ofVarengold Bank AG have decided to call an extraordinary general meeting for2nd November 2015. The agenda will be published today in the FederalGazette.After the shareholders decided for an increase of capital stock by up to974,184.00 EUR in cash contributions with the grant of subscription rights,which was requested in an expansion to the agenda of the ordinary generalmeeting on 26th August 2015, there is now a desire to capitalise thecompany even more. This new, significantly larger capital framework wouldput Varengold Bank AG in a position to be able to keep up with the highrate of growth. Furthermore, the Executive Board and the Supervisory Boardmade the strategic decision to close the office in Dubai on perspective.Moreover, it will be recommended to the shareholders that a new membershall be elected to the Supervisory Board instead of one of the incumbentmembers. This member shall have comprehensive experience in auditing andbanking supervision and thereby ideally supplements the comprehensivecapital markets expertise in the body.25.09.2015 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      Varengold Bank AG              Große Elbstraße 27              22767 Hamburg              GermanyPhone:        +49 (0)40 / 668649-0Fax:          +49 (0)40 / 668649-49E-mail:       info@varengold.deInternet:     www.varengold.deISIN:         DE0005479307WKN:          547930Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart;              Open Market (Entry Standard) in Frankfurt End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------