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7C Solarparken AG
Share Issue/Capital Change • Nov 15, 2019
6_rns_2019-11-15_77442f26-b0a5-480e-9886-f47b71f511fe.html
Share Issue/Capital Change
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Ad-hoc | 15 November 2019 14:21
7C Solarparken AG: 7C Solarparken AG resolves on capital increase with subscription rights of EUR 8 Mio.
7C Solarparken AG / Key word(s): Corporate Action
7C Solarparken AG: 7C Solarparken AG resolves on capital increase with subscription rights of EUR 8 Mio.
15-Nov-2019 / 14:21 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
7C Solarparken AG resolves on capital increase with subscription rights of EUR 8 Mio.
Bayreuth, 15 November 2018 – The Management Board of 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68; Frankfurt stock exchange, regulated market (general standard)) today resolved, based on the resolution of the general meeting of 7 June 2019 and with the approval of the Supervisory Board, to increase the Company’s issued share capital from EUR 58,733,491.00 to up to EUR 61,356,441.00 by issuing up to 2,622,950 new no-par value bearer shares against cash contributions whilst granting the existing shareholders’ subscription rights. The placement price per share was put by the Management Board with the approval of the Supervisory Board at EUR 3.05 per share.
Existing shareholders will have the opportunity to subscribe the 2,622,950 new shares within the framework of a subscription offer in November 2019. The new shares will be included without a prospectus in the existing listing in the Regulated Market segment of the Frankfurt Stock Exchange. The new shares will carry full dividend rights as of January 1, 2019.
The capital increase has been underwritten by institutional investors for an amount of up to EUR 3 Mio.
The planned issue proceeds up to EUR 8.0 m will allow the Company (i), to expand the PV Estate Portfolio (ii) optimize various solar installations and (iii) invest in the asset management business beyond the current strategic plan. Moreover, the capital increase will strengthen the companies’ balance sheet, thereby allowing for additional alternative (corporate) financing in 2020. The transaction is accompanied by Lang & Schwarz.
Contact:
7C Solarparken AG
Koen Boriau
Vorstand
An der Feuerwache 15
95445 Bayreuth
Deutschland
FON: +49 (0)921 230557-77
FAX: +49 (0)921 230557 79
EMAIL: [email protected]
www.solarparken.com
15-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | 7C Solarparken AG |
| An der Feuerwache 15 | |
| 95445 Bayreuth | |
| Germany | |
| Phone: | +49 (921) 23 05 57 77 |
| Fax: | +49 (921) 23 05 57 79 |
| E-mail: | [email protected] |
| Internet: | www.solarparken.com |
| ISIN: | DE000A11QW68 |
| WKN: | A11QW6 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; London |
| EQS News ID: | 914457 |
| End of Announcement | DGAP News Service |