EQS-Adhoc: Cherry SE Resolves to Conduct a Cash Capital Increase with Subscription Rights

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Munich, 12 June 2026 – The Management Board of Cherry SE ("Cherry" or the "Company," ISIN: DE000A3CRRN9) today resolved, with the approval of the Supervisory Board, to carry out a capital increase against cash contributions with subscription rights. This measure follows the capital reduction from EUR 24,300,000.00 by EUR 18,225,000.00 to EUR 6,075,000.00.

The share capital is to be increased by an amount of up to EUR 9,720,000.00 to up to EUR 15,795,000.00. The new shares will be fully entitled to dividends as from January 1, 2025 (inclusive).

Cherry’s major shareholder, an affiliate of Argand Partners, LP, which such affiliate holds an indirect stake of approximately 34.6% in the Company’s share capital, has undertaken to exercise its subscription rights in full.

The new shares will be offered to Cherry shareholders by way of an indirect subscription right. The subscription price per new share will be EUR 1.04. The subscription ratio is 5:8, based on the currently decreased registered share capital of 6,075,000.00. This corresponds to a ratio of 5:2 based on the previous number of registered shares prior to the reduction. There will be an option to oversubscribe.

New shares that are not subscribed in the subscription offer or the oversubscription by existing shareholders will be offered to selected investors in a private placement at no less than the subscription price.

The offering of the new shares will be conducted without a prospectus as the total proceeds from the issuance will amount to no more than EUR 12 million.

The new shares are to be admitted to trading on the regulated market of the Frankfurt Stock Exchange (Prime Standard).

The subscription offer, including all relevant information, such as the start and end of the subscription period, is expected to be published in the Federal Gazette by mid of July 2026.

Person providing the information: Rogier Volmer, CEO

Important Notes

Not for distribution or publication in the United States of America (including its territories and possessions), Canada, Australia, Japan, South Africa, or any other jurisdiction where such publication may be unlawful. The distribution of this publication may be subject to legal restrictions in certain jurisdictions, and anyone in possession of this document or the information referred to herein should inform themselves of and comply with such restrictions. Failure to comply with such restrictions may constitute a violation of securities laws in such jurisdictions.

This publication is for informational purposes only and does not constitute an offer or a solicitation of an offer to purchase securities of Cherry SE or any of its subsidiaries in the United States of America, Germany, or any other jurisdiction. Neither this publication nor its contents may be relied upon for any offer in any jurisdiction. The aforementioned securities have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and may not be sold or offered in the United States of America unless registered or an exemption from the registration requirement under the Securities Act applies.

Outside the Federal Republic of Germany, this publication is directed only at persons who are located in or resident in a member state of the European Economic Area and who are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129.

In the United Kingdom, this notice is directed only at persons who (i) are located outside the United Kingdom, and/or (ii) are qualified investors within the meaning of Article 2(e) of European Regulation (EU) 2017/1129, as transposed into national law by the European Union (Withdrawal) Act 2018, and who also have professional experience in investment matters falling within the definition of “investment professionals” under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Regulation”), or persons falling under Article 49(2)(a) to (d) of the Regulation (“high net worth companies, unincorporated associations, etc.”) or falling under any other exemption under the Regulation (whereby all persons under (i) to (ii) are collectively referred to as “Relevant Persons”). Persons who are not Relevant Persons should not act in any way in reliance on this communication or any part of its content. All investments and investment activities referred to in this communication are available only to Relevant Persons and will be conducted only with Relevant Persons.

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