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Tubesolar AG
Share Issue/Capital Change • Feb 22, 2021
5476_rns_2021-02-22_fad0304c-aca4-4512-b5d7-ca8dd0f9e0ef.html
Share Issue/Capital Change
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News Details
Ad-hoc | 22 February 2021 15:34
TubeSolar AG: TubeSolar AG resolves capital increase against cash contributions with exclusion of subscription rights
TubeSolar AG / Key word(s): Corporate Action/Capital Increase
TubeSolar AG: TubeSolar AG resolves capital increase against cash contributions with exclusion of subscription rights
22-Feb-2021 / 15:34 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.
TubeSolar AG resolves capital increase against cash contributions with exclusion of subscription rights
Augsburg, 22.02.2021: The Management Board of TubeSolar AG (ISIN DE000A2PXQD4) today resolved, with the consent of the Supervisory Board, to increase the capital against cash contributions by partially utilising the authorised capital 2019. The share capital of the Company is to be increased from currently EUR 11,000,000.00 to up to EUR 12,000,000.00 by issuing up to 1,000,000 new no-par value bearer shares against cash contributions, excluding shareholders’ subscription rights. The new shares will be entitled to participate in profits retroactively from 1 January 2020.
The new shares will be offered exclusively to selected investors in a private placement. The private placement will be initiated immediately after this announcement. The number of shares to be issued and the placement price will be determined by the Executive Board with the consent of the Supervisory Board after the completion of the private placement and subsequently announced.
The expected proceeds from the capital increase will be used to further finance the development of the highly automated production of TubeSolar PV modules and the further growth of TubeSolar AG.
About TubeSolar AG (www.tubesolar.de)
TubeSolar AG has taken over the laboratory production of OSRAM/LEDVANCE in Augsburg as a spin-off and acquired the patents from LEDVANCE and Dr. Vesselinka Petrova-Koch. TubeSolar AG has been using this patent-protected technology since 2019 to develop and manufacture photovoltaic thin-film tubes that are joined together to form modules and whose properties enable additional opportunities for use in solar power generation compared to conventional solar modules. The technology is to be used primarily in the agricultural sector, spanning agricultural production areas. In the next few years, it is planned to expand production in Augsburg to an annual production capacity of 250 MW.
Service
Website: www.tubesolar.de
Contact Investor Relations:
Maximilian Fischer, mailto: [email protected]
max. Equity Marketing GmbH, Marienplatz 2, 80331 Munich, Tel.: +49 89 13928890
22-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | TubeSolar AG |
| Berliner Allee 65 | |
| 86153 Augsburg | |
| Germany | |
| Phone: | +49 821 899 830 50 |
| E-mail: | [email protected] |
| Internet: | www.tubesolar.de |
| ISIN: | DE000A2PXQD4 |
| WKN: | A2PXQD |
| Listed: | Regulated Unofficial Market in Dusseldorf (Primärmarkt), Frankfurt, Munich (m:access) |
| EQS News ID: | 1170051 |
| End of Announcement | DGAP News Service |