DGAP-Adhoc: Catalis SE: New Major Shareholder - Catalis SE issues Convertible Loan Note - Resignations and Temporary Appointment of new Non-Executive Board Members

| Source: EQS Group AG
Catalis SE  / Key word(s): Miscellaneous

07.05.2014 16:33

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad Hoc News: New Major Shareholder - Catalis SE issues Convertible Loan
Note - Resignations and Temporary Appointment of new Non-Executive Board

LA Waalre, May 7, 2014 - The previous major shareholder Navigator Equity
Solution SE, situated in the Netherlands, today announced that it has
concluded a sale and transfer contract with Leo Capital 1 LLP, a limited
liability partnership wholly owned by funds managed by Vespa Capital (UK).
The subject-matter of the contract is the sale of Catalis SE shares and
share options. The transfer agreement includes all thitherto held 832,968
Catalis shares as well as the 1,000,000 Catalis share options, according to
Navigator's notification.

Therefore the following current Non-Executive Board members of Catalis SE,
Mr. Robert Käß, Mr. Michael Hasenstab and Mr. Jens Bodenkamp, resign as
Members of the Board with immediate effect. The cost of EUR 0.56 million
attributable to the termination results from the prepayment of service
contracts. Future earnings therefore will be increased by the same amount.

To reflect the new shareholder structure of Catalis SE. Mr. Nigel Hammond
and Mr. Tom Chaloner, both representing Vespa Capital, are nominated as
provisional Non-Executive Board Members of Catalis SE on a preliminary
basis until the next general meeting. The board of Catalis unanimously
recommends the appointment of Mr. Nigel Hammond, British citizen, and Mr.
Tom Chaloner, British citizen, as board members to the extraordinary
general meeting which is due to take place in June 2014. Nigel Hammond,
Founder Partner, Vespa Capita commented:'Under the leadership of Dominic
Wheatley, who was appointed CEO of Catalis in early 2012, the company has
come through a turbulent time and is well positioned for further profitable
growth.  Dominic has assembled a first class team and we look forward to
working with them and to help them take the business forward. '

In addition, the Board of Directors resolved today to offer under the terms
of a private placement unsecured convertible loan notes with a principal
nominal value of EUR 2,000,000 and a final maturity on March 31st, 2019 to
Leo Capital 1 LLP, a limited liability partnership wholly owned by funds
managed by Vespa Capital (UK). Following the approval by the shareholders
of the necessary exclusion of pre-emptive rights in the next general
meeting of the Company, the loan notes will be initially convertible into
1,000,000 new, ordinary bearer shares of Catalis SE.

The convertible loan note will be issued at 100% of their nominal value
with a denomination of EUR 1.00 per note and, unless previously converted,
repurchased or redeemed, will be redeemed at par at maturity. The
convertible loan notes will be offered with an annual interest rate of
10.00% and with a conversion price of EUR 2.00 per share. There are no
plans for stock exchange trading of the convertible loan notes. Brokerage
and legal fees related to this transaction amount to EUR 0.29 million.

Due to the costs of this transaction mentioned above, a one - time cost
effect of approx. EUR 0.85 million will be taken in 2014. Therefore, the
Catalis operating result for 2014 is expected to amount to about EUR 1.65
million, in contrast to the guidance given in February due to the one- time
adjustments. The revenue forecast of EUR 31.5 million for the year 2014
stays unchanged.
Catalis SE intends to use the proceeds from the convertible loan notes to
finance further organic growth of the Group.

Dominic Wheatley, CEO of Catalis commented:

'I would very much like to welcome Nigel and Tom both as proposed board
members and as representatives of our new major shareholder. This marks
another new chapter in the company's progress from difficult times in 2012
to the brighter future ahead.'

For further information on Catalis SE and its wholly owned subsidiaries,
Testronic Labs and Kuju, please refer to www.catalisgroup.com,
www.testroniclabs.com and www.kuju.com.

For further questions please contact our Investor Relations team directly:
Catalis SE
Investor Relations Team
t: +49 89 24 41 18 - 223
f: +49 89 24 41 18 - 228

About Catalis SE:
Catalis is a worldwide leading outsourcing provider focusing on high-end
technical services relating to the creation of digital content for the
film, video games and software industries. Catalis offers both testing and
development services. It operates through its wholly-owned subsidiaries
Testronic Labs and Kuju from eight locations throughout the US, the UK,
Poland, Belgium and the Netherlands.

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Language:     English
Company:      Catalis SE
              Geldropseweg 26-28
              5611 SJ Eindhoven
Phone:        +31 (0)40 2135930
Fax:          +31 (0)40 2135604
E-mail:       info@catalisgroup.com
Internet:     www.catalisgroup.com
ISIN:         NL0010447306
WKN:          A1T98Z
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of Announcement                             DGAP News-Service