Public disclosure of inside information according to article 17 MAR
7C Solarparken AG: 7C Solarparken AG resolves on capital increase with subscription rights of EUR 5 Mio.
Bayreuth
(pta021/02.11.2018/14:07 UTC+1)
Bayreuth, 2 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 1 June 2018 and with the approval of the Supervisory Board, to increase the Company's issued share capital from EUR 51,471,007.00 to up to EUR 53,394,083.00 by issuing up to 1,923,076 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 2.60 per share.
Existing shareholders will have the opportunity to subscribe the 1,923,076 new shares within the framework of a subscription offer in November 2018. 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, 2018.
An energy infrastructure investor intends to subscribe shares not subscribed by shareholders
The planned issue proceeds up to EUR 5.0 m will allow the Company, to accelerate the growth of the portfolio from 150 towards 200 MWp in 2019 further, whilst maintaining a solid balance sheet structure. The transaction is accompanied by Lang & Schwarz.
Contact:
7C Solarparken AG
Koen Boriau
CFO
An der Feuerwache 15
95445 Bayreuth
Deutschland
FON: +49 (0)921 230557-77
FAX: +49 (0)921 230557 79
EMAIL: info@solarparken.com
www.solarparken.com
End of Ad-hoc Announcement
7C Solarparken
7C Solarparken AG is a pure-play PV owner/operator with an IPP portfolio of around 153 MWp. Most installations are located in Germany. The company's shares are listed on the regulated market in Frankfurt in the General Standard segment.
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Emitter: |
7C Solarparken AG An der Feuerwache 15 95445 Bayreuth Germany |
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Contact Person: | Koen Boriau | |
Phone: | +49 921 230557-77 | |
E-Mail: | info@solarparken.com | |
Website: | www.solarparken.com | |
ISIN(s): | DE000A11QW68 (Share) | |
Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate |