Altech Advanced Materials AG
Ansprechpartner: Hansjörg Plaggemars
Tel.: +49 6221 64924-0


31.07.2020 - 11:00 | Altech Advanced Materials AG
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27.07.2020 - 16:35 | Altech Advanced Materials AG
14.07.2020 - 11:30 | Altech Advanced Materials AG
14.07.2020 - 11:30 | Altech Advanced Materials AG
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Frankfurt (pta022/13.08.2020/13:10) - Altech Advanced Materials AG ("AAM / the Company") (FRA: AMA1) invites you to an Extraordinary General Meeting on September 8, 2020 at 3:00 p.m. at its premises. The most important point is the extension of the deadline for the implementation of the capital increase resolution of March 12, 2020, which expires on September 11, 2020. The deadline is to be extended by three months to December 11, 2020, against the background that the COVID-19 pandemic made it considerably more difficult to address potential investors in the period from March 12, 2020 or from the approval of the necessary securities prospectus by the German Federal Financial Supervisory Authority ("BaFin") on May 19, 2020. The management is of the opinion that, as a result, there is not enough time to effectively complete the placement of the shares.

Furthermore, the company would like to have Mr. Nikolaus Graf Lambsdorff elected to the Supervisory Board at this extraordinary General Meeting. This is taking place against the background that Mr. Gerrit Kaufhold has resigned from the Supervisory Board with effect from the end of the next General Meeting. Mr. Kaufhold resigned his office to enable the election of Mr. Nikolaus Graf Lambsdorff to the Supervisory Board. We would like to thank Mr. Kaufhold for the good cooperation.

The Management Board is convinced that the already high-calibre Supervisory Board of the company will be further strengthened by the addition of Mr. Nikolaus Graf Lambsdorff. Mr. Graf Lambsdorff worked for the Foreign Office of the Federal Republic of Germany for more than 20 years. He was most recently Ambassador to Kuala Lumpur, Malaysia. Prior to this, he was Consul General in Hong Kong and Macau. Mr. Graf Lambsdorff has extensive experience and an excellent economic and political network in German and Southeast Asian. Thus, he is in a very good position to support the development of Altech's HPA operation in Malaysia as well as in dealing with the public authorities regarding potential subsidies.

Mr. Graf Lambsdorff studied German language and literature, political science and economics at the University of Hamburg and completed a diplomatic training course at the Foreign Office of the Federal Republic of Germany.

About Altech Advanced Materials AG

Altech Advanced Materials AG ("AAM") currently plans to subscribe up to 49% in Altech Chemicals Australia PTY LTD ("Altech Australia") for up to USD 100 million from Altech Chemicals Ltd, Australia. AAM is currently implementing its capital raising strategy to be able to fund the investment.

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. 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, which has also agreed to contribute in equity to the Altech HPA project.

The project has an investment volume of approximately USD 390 million, of which KfW-IPEX Bank has already committed USD 190 million under certain conditions and of which USD 10 million is assumed as equity investment from SMS group GmbH. Altech Chemicals is in talks with Macquarie Bank on the provision of USD 90 million in mezzanine capital. The remaining USD 100 million is to be made available by AAM.

emitter: Altech Advanced Materials AG
Ziegelhäuser Landstraße 3
69120 Heidelberg
contact person: Hansjörg Plaggemars
phone: +49 6221 64924-0
stock exchanges: regulated market in Frankfurt; free market in Dusseldorf; open market in Berlin
ISIN(s): DE000A2LQUJ6 (share)
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