EQS News: MWB AG / Key word(s): IPO MWB AG celebrates stock market debut on the Vienna Stock Exchange July 1st, 2024 / 2:15 p.m. CET/CEST The issuer/publisher is responsible for the content of the announcement. ════════════════════════════════════════ ══════════ ════════════════════════════════════════ ══════════ ═ NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL. OTHER LIMITATIONS MAY APPLY. PLEASE NOTE THE IMPORTANT NOTICES AT THE END OF THIS NOTICE. MWB AG celebrates stock market debut on the Vienna Stock Exchange Vienna, July 1, 2024 – MWB AG (“Company” or “MWB”), one of the quality leaders in the trading market for luxury watches in the DACH region (company’s assessment), has its stock market debut today celebrated at the Vienna Stock Exchange. The reference price was EUR 44.00 per share. Leon Schelske, CEO of MWB, comments: “We have achieved rapid sales growth since 2021 and are expecting sales of 14-16 million euros this year. The current IPO fills us with pride and enables us to continue our dynamic growth path through targeted investments. This means we can benefit from the forecast strong market growth for previously worn luxury watches. MWB particularly benefits from its high level of awareness with over 230,000 followers on social media as well as our large network on the buyer and seller side. In addition, as long-standing watch experts, we combine personal advice with the comprehensive availability of online trading. We invite all investors to participate in our planned growth in the future.” The shares of MWB (“Shares”) bear the International Securities Identification Number (ISIN) DE000A4032H1, the Securities Identification Number (WKN) A4032H and the ticker symbol MWB. The gross proceeds from the sale of the new shares as part of the IPO amount to around EUR 400,000. MWB intends to use the net proceeds from the issue for strategic initiatives that will scale the business model in the coming years. This includes investments in the digitization of core processes, the introduction of a blockchain-based MWB certificate of authenticity and an MWB app with AI-based authenticity check. In addition, investments in online and traditional advertising are planned to further increase MWB’s awareness. Image material:
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MWB AG_Robin Haas (Board), Leon Schelske (Chairman)_Copyright Vienna Stock Exchange _Alexander Felten Contact: cometis AG Claudius Krause (1)krause@cometis.de 0611-205855-28 Company profile: MWB AG from Munich is, in its own opinion, a quality leader in the Trading market for luxury watches in the DACH region. In 2019, the two company founders, watch enthusiasts and current MWB board members Leon Schelske and Robin Haas began uncovering luxury watch counterfeits on social media under the pseudonym “Munich Wristbusters”. To date, they have built a community of over 230,000 followers on social media. Since 2021, MWB has been using the reputation and reach as well as the trust acquired as a “counterfeit detector” for the distribution, purchase and sale as well as trading of genuine, worn or unworn luxury watches. MWB also offers its customers various additional products and services relating to luxury watches. These include, for example, search orders for customers in order to locate individual and sometimes rare models and versions of luxury brands on the international market and to offer them to the customer within a very short time, additional services such as testing, repairing luxury watches on request or ceramic sealing using a special process. In 2023, MWB generated sales of EUR 10.4 million. In the future, MWB plans to set new standards in the world by developing an innovative ecosystem around luxury watches, including an all-round care service with a locker, insurance, and ceramic sealing as well as its own app market for luxury watches. IMPORTANT NOTICE The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale exists registration, exemption from registration or classification under the securities laws of any jurisdiction would be unlawful. The company shares mentioned herein have already been placed. This communication is not for distribution, directly or indirectly, in or within the United States of America (including its territories and possessions, the individual states and the District of Columbia) (“United States”), Australia, Canada, Japan or South Africa or any other Jurisdiction in which distribution or announcement would be unlawful is determined. This communication does not constitute an offer to purchase or a solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan or South Africa or in any other jurisdiction where this would constitute a violation of the laws of such jurisdiction, nor is it part of such an offer or invitation. The securities referred to herein have not been registered under the registration requirements of the US Securities Act of 1933, as amended, and are not intended to be registered. ════════════════════════════════════════ ══════════ ════════════════════════════════════════ ══════════ ═ July 1, 2024 CET/CEST Publication of a corporate news/financial news, transmitted by EQS Group AG. www.eqs.com
════════════════════════════════════════ ══════════ ════════════════════════════════════════ ══════════ ═ Language: German Company: MWB AG Karlstr. 36 80333 Munich Germany Email: leonschelske@mwbwatches.de
Internet: www.mwbwatches.de
ISIN: DE000A4032H1 WKN: A4032H Stock exchanges: Vienna Stock Exchange EQS News ID: 1936973 End of message EQS News Service 1936973 July 1st, 2024 CET/CEST References Visible links 1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=0c2133d4ac5cb35574aa4a45c871d6e7&application_id=1936973&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news