Bayreuth (pta/27.09.2022/17:40 UTC+2)
Bayreuth, 27.09.2022 – 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 78,097,983.00 by up to EUR 1,750,000.00 to up to EUR 79,847,983.00 by issuing up to 1,750,000 new no-par value bearer shares against cash contributions excluding the existing shareholders' subscription rights.
The new shares will carry full dividend rights as of 1 January 2022. The 1,750,000 new shares will be offered in a private placement under exclusion of the subscription right pursuant to Section 186 Paragraph 3 Sentence 4 of the German Stock Corporation Act to qualified investors in Germany and other European countries at a fixed placement price of EUR 4.55. The new shares will be included without a prospectus in the existing listing in the Regulated Market segment of the Frankfurt Stock Exchange (General Standard).
The proceeds from the capital increase will constitute a further 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 transaction is accompanied by M.M.Warburg & CO and Stifel Europe.
7C Solarparken AG
An der Feuerwache 15
|Contact Person:||Koen Boriau|
|Phone:||+49 921 230557-77|
|Stock Exchange(s):||Regulated Market in Frankfurt, Free Market in Berlin, Free Market in Dusseldorf, Free Market in Hamburg, Free Market in Munich, Free Market in Stuttgart, Open Market in Tradegate|
|Other Stock Exchanges:||London|