Up to 6 million new shares from the Company's authorized capital approved by the Annual General Meeting on May 24, 2017 may be available as part of the offering. The new shares will initially be offered for subscription to the existing shareholders of Biofrontera AG. New shares that are not subscribed by the shareholders of Biofrontera AG can be available for the offering of ADSs.
Further details of the capital increase, in particular the subscription offer to the shareholders, will be announced following respective determination of the details of the capital increase.
This press release is being issued pursuant to Rule 135 under the Securities Act, and it is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. (end)
Hemmelrather Weg 201
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