Philomaxcap AG: Philomaxcap AG plans capital increases

Munich (pta033/17.09.2024/17:45 UTC+2)

Philomaxcap AG plans capital increases

Munich, September 17, 2024: The Management Board of Philomaxcap AG ("Company") resolved today, with the approval of the Supervisory Board, to propose to the Annual General Meeting of the Company to increase the share capital of the Company by up to EUR 96,889,693.00 from EUR 17,007,234.00 to up to EUR 113,896,297.00 by issuing up to 96,889,693 new bearer shares against contributions in kind and in cash.

To this end, it is planned to convene an Annual General Meeting in mid-November 2024, at which a resolution is to be passed to increase the company's share capital by up to EUR 95,000,000.00 by issuing up to 95,000,000 new no-par value bearer shares against contributions in kind. Shareholders' subscription rights are to be excluded. The existing shareholders of Gen2H Corp. with registered office at 5200 S Washington Ave, 32780 Titusville, Florida, USA, who are known by name, are to be admitted to subscribe to the new shares in return for the contribution of their shares in GenH2 Corp. The issue price per new share shall be EUR 1.00. Any value of the contribution in kind in excess of the issue amount is to be allocated to the company's capital reserves.

In addition, a resolution is to be passed to increase the share capital by up to EUR 1,889,693.00 by issuing up to 1,889,693 new no-par value bearer shares against cash contributions. The subscription price per new bearer share shall be EUR 1.00. The new bearer shares are to be offered to shareholders for subscription at a ratio of 9:1. The two main shareholders of the company, Philocity Global GmbH and Capana Swiss Advisors AG, have announced to the company that they will waive their subscription rights. To compensate for the dilution from the non-cash capital increase, the other shareholders are to be offered subsequent subscription rights with regard to the subscription rights waived by the two main shareholders.

For the implementation of the capital measures, contribution agreements still have to be concluded with the existing shareholders of GenH2 Corp. participating in the non-cash capital increase following the resolution by the Annual General Meeting.

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Emitter:	Philomaxcap AG Marienplatz 2 80331 München Germany
Contact Person:	Achim Pfeffer
Phone:	+49 89 2155 2804
E-Mail:	info@philomaxcap.de
Website:	www.philomaxcap.de
ISIN(s):	DE000A1A6WB2 (Share) DE000A254V53 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Dusseldorf, Stuttgart