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7C Solarparken AG
Ansprechpartner: Koen Boriau
Tel.: +49 921 230557-77
E-Mail: info@solarparken.com
pta20220817017
Public disclosure of inside information according to article 17 MAR

7C Solarparken AG: resolves on capital increase with subscription rights of up to EUR 7.9 Mio.


Bayreuth (pta017/17.08.2022/08:45) - Bayreuth, 17 August 2022 - 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 21 July 2022 and with the approval of the Supervisory Board, to increase the Company's issued share capital from EUR 76,362,473.00 to up to EUR 78,097,983.00 by issuing up to 1,735,510 new no-par value bearer shares against cash contribution whilst granting the existing shareholders' subscription rights. The placement price per share was set at EUR 4.55 per share by the Management Board with the approval of the Supervisory Board.

Existing shareholders will have the opportunity to subscribe the 1,735,510 new shares within the framework of a subscription offer. In addition, existing shareholders will be given the option to subscribe additional shares. The subscription period shall commence on 22 August 2022, 0:00 until 5 September 2022, 24:00. 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 1 January 2022.

The proceeds from the capital increase will constitute a first building block to the financing of planned investments as well as newly identified opportunities in the project development business. The management board aims at increasing the group's portfolio to 525 MWp by the end of 2024. The placement price was determined by the management board using a multiple of 7x expected Cash Flow per Share (CFPS) on the guidance for Cash Flow per share for the financial year 2022 of EUR 0.65. The transaction is accompanied by M.M.Warburg.

(end)
Emitter: 7C Solarparken AG
An der Feuerwache 15
95445 Bayreuth
Germany
Contact Person: Koen Boriau
Phone: +49 921 230557-77
E-mail: info@solarparken.com
Website: www.solarparken.com
Stock Exchanges: regulated market in Frankfurt; free market in Dusseldorf, free market in Hamburg, free market in Munich, free market in Stuttgart; open market in Berlin, Tradegate
ISIN(s): DE000A11QW68 (share)
Other Stock Exchanges: London
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