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The Platform Group AG reaches the target volume of the corporate bond - early termination of the subscription period following strong demand

Düsseldorf, 28 June 2024. The Platform Group AG (ISIN DE000A2QEFA1, „TPG“), a leading software company for platform solutions, has achieved an oversubscription of the new 2024/2028 bond and has already reached the target volume of EUR 25 million. Due to the strong demand from national and international investors, the company will close the subscription period early.

Subscription period ends early on Monday, 1 July 2024, 12:00 noon CEST

With the early termination of the subscription period for the public offer, investors can still submit subscription orders for the new Bond 2024/2028 via the subscription functionality of Deutsche Börse until 1 July 2024, 12:00 noon CEST.

Reinhard Hetkamp, CFO of The Platform Group AG: "We are very pleased with the strong demand for our first corporate bond. The Nordic Bond fitted in well with the investors' scheme of things and we were able to tap into a broad investor base. Given the excellent acquisition opportunities in our industry, the timing is very good."

Bond terms and conditions

Die Unternehmensanleihe 2024/2028 (ISIN: NO0013256834, WKN A383EW) ist nach norwegischem Recht konzipiert (Nordic Bond) und hat eine Laufzeit von vier Jahren. Das Zielvolumen liegt bei bis zu EUR 25 Mio. Der jährliche feste Zinssatz wird in der Spanne zwischen 8 % und 9 % liegen und halbjährlich nachträglich gezahlt. Der endgültige Zinssatz soll nach Ende der Angebotsfrist auf Basis der erhaltenen Zeichnungsaufträge festgelegt und mitgeteilt werden. Die Anleihe hat einen Nennbetrag von EUR 1.000,00. Die Mindestzeichnungssumme im Rahmen des öffentlichen Angebots liegt bei EUR 1.000,00. Es ist vorgesehen, den Emissionserlös für weitere Unternehmensakquisitionen, zur teilweisen Rückführung von bestehender Verschuldung, für Investitionen in die TPG Software-Plattform sowie für allgemeine Geschäftszwecke zu verwenden.

The corporate bond 2024/2028 (ISIN: NO0013256834, WKN A383EW) is structured in accordance with Norwegian law (Nordic Bond) and has a term of four years. The target volume is up to EUR 25 million. The annual fixed interest rate will be in the range of 8% to 9% and will be paid semi-annually in arrears. The final interest rate will be determined and communicated after the end of the offer period based on the subscription orders received. The bond has a nominal value of EUR 1,000.00. The minimum subscription amount in the public offering is EUR 1,000.00. It is intended to use the issue proceeds for further company acquisitions, for the partial repayment of existing debt, for investments in the TPG software platform and for general business purposes.

It is intended to be listed on the Frankfurt Stock Exchange in the Quotation Board segment (Open Market) and on the Nordic ABM of the Oslo Stock Exchange within six months of the issue date. The private placement will be accompanied by Pareto Securities AS, Frankfurt Branch as lead manager, and bestin.capital GmbH and Lewisfield Deutschland GmbH as financial advisors.

The securities prospectus approved by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg, and notified to the German Federal Financial Supervisory Authority (BaFin), Germany, is available for download at https://corporate.the-platform-group.com/bond/ in the "Bond" section and at www.luxse.com.

Important Notice:

This publication may not be published, distributed or transmitted in the United States of America, Canada, Australia or Japan. It does not constitute an offer or solicitation of an offer to purchase or subscribe for any securities in the United States, Australia, Canada or Japan or in any jurisdiction in which such offer or solicitation would be unlawful.

This publication constitutes neither an offer to sell nor a solicitation to buy securities of the Company. A public offer of securities in Germany and Luxembourg is made solely on the basis of the Prospectus. An investment decision on securities of the Company should only be made on the basis of the Prospectus. The Prospectus is available free of charge on the Company's website (https://corporate.the-platform-group.com) in the “Investors” section.

The approval of the Prospectus by the CSSF should not be construed as an endorsement of the securities offered or admitted to trading on a regulated market. Prospective investors should read the Prospectus before making any investment decision in order to fully understand the potential risks and rewards of the decision to invest in the securities. The Prospectus is available on the Company's website at https://corporate.the-platform-group.com.

In the Member States of the European Economic Area other than Germany and Luxembourg, this publication is only addressed at persons who are “qualified investors” within the meaning of Article 2(e) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (“Prospectus Regulation”).

In the United Kingdom, this publication may only be distributed to, and is only directed at, persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation as that Regulation forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 and who are also (i) professional investors within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended from time to time (“Order”), or (ii) are high net worth companies falling within Article 49(2)(a) to (d) of the Order or other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as “relevant persons”). The new securities will only be available to relevant persons and any invitation, offer or agreement to subscribe, purchase or otherwise acquire securities will only be made to relevant persons. Any person who is not a relevant person must not act or rely on these materials or any of their contents.

This publication does not constitute an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of these securities in the United States.

Certain statements contained in this publication may constitute “forward-looking statements”. These forward-looking statements are based on management's current views, expectations, assumptions and information. Forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties.

Due to various factors, actual future results, developments and events may differ materially from those described in these statements; neither the Company nor any other person assumes any responsibility for the accuracy of the opinions contained in this communication or the underlying assumptions. The Company assumes no obligation to update any forward-looking statements contained in this publication. In addition, it should be noted that all forward-looking statements speak only as of the date hereof and that neither the Company nor the Lead Manager undertakes any obligation to update any forward-looking statements or to conform them to actual events or developments, except as required by law.

THIS DOCUMENT IS NOT A PROSPECTUS BUT A PROMOTIONAL DOCUMENT; INVESTORS SHOULD SUBSCRIBE FOR OR PURCHASE THE SECURITIES REFERRED TO IN THIS PROMOTIONAL DOCUMENT SOLELY ON THE BASIS OF THE INFORMATION CONTAINED IN THE PROSPECTUS.

The Platform Group AG:

The Platform Group AG is a software company that is active in 21 sectors with its own platform solutions. Its customers include both B2B and B2C customers in sectors such as furniture retail, machinery retail, dental technology, car platforms, and luxury fashion. The Group has 16 locations across Europe and is headquartered in Düsseldorf. Over 23 investments and company acquisitions have been made since 2020. In 2023, pro-forma sales of EUR 441 million and an operating result (adjusted EBITDA) of EUR 22.6 million were realized.

Contact:

Investor Relations
Reinhard Hetkamp, CFO and Head of IR
ir@the-platform-group.com
Schloss Elbroich | Am Falder 4 | 40589 Düsseldorf | Germany
corporate.the-platform-group.com