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Altech Advanced Materials AG
Ansprechpartner: Hansjörg Plaggemars
Tel.: +49 6221 64924-0
E-Mail: info@altechadvancedmaterials.com

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08.04.2020 - 17:25 | Altech Advanced Materials AG
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30.03.2020 - 14:00 | Altech Advanced Materials AG
30.03.2020 - 14:00 | Altech Advanced Materials AG
pta20200519046
Business news for the stock market

Altech Advanced Materials AG: BAFIN APPROVES PROSPECTUS SUBSCRIPTION PERIOD FOR THE CAPITAL INCREASE FROM 25 MAY TO 8 JUNE 2020


Heidelberg (pta046/19.05.2020/14:10) - As already previously published Altech Advanced Materials AG ("AAM") plans to acquire up to 49% in Altech Chemicals Australia PTY LTD ("Altech Australia") for up to USD 100 million. Altech Australia is currently building a high-purity alumina (99.99%, 4N HPA) production facility for 4,500 tons p.a. in Malaysia and also has its own deposit for the mining of the main raw material kaolin. 4N HPA is needed for the production of LED lights as well as a separator for lithium-ion batteries, e.g. needed for electric vehicles and smartphones. Market demand for 4N HPA is expected to grow with a CAGR of 30% p.a. until 2028. The process patented by Altech Australia allows the production of HPA as cost leader, as the HPA can be obtained directly from kaolin. This allows production without the use of energy-intensive aluminium, which also means that the process is far "greener" than the traditional production process. The production volume for the first 10 years is secured by an off-take agreement with Mitsubishi Australia and the production capacity and quality is guaranteed by the German plant manufacturer, SMS group GmbH, Dusseldorf.

As part of the capital raising strategy for the required USD 100 million, it was resolved at AAM's Extraordinary General Meeting on March 12, 2020 to increase the share capital from EUR 1.58 million by up to EUR 63.10 million to up to 64 by issuing new shares.

The approval of the required securities prospectus by the German Federal Financial Supervisory Authority ("BaFin") has taken place today. The prospectus can be found on the homepage of the company at https://www.altechadvancedmaterials.com/en/rights-offering. The subscription period for the rights issue will now run from 25 May to 8 June 2020. The rights offering will be published on Friday, May 22, 2020 in the Federal Gazette (Bundesanzeiger) and on the Company's homepage. Under the rights offer, each existing share entitles to purchase 40 new shares at a price of EUR 1.10 per new share.

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emitter: Altech Advanced Materials AG
Ziegelhäuser Landstraße 3
69120 Heidelberg
Germany
contact person: Hansjörg Plaggemars
phone: +49 6221 64924-0
e-mail: info@altechadvancedmaterials.com
website: www.altechadvancedmaterials.com
stock exchanges: regulated market in Frankfurt; free market in Dusseldorf; open market in Berlin
ISIN(s): DE000A2BPG14 (share), DE000A2LQUJ6 (share)
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