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7C Solarparken AG resolves on capital increase with subscription rights of up to EUR 8 Mio.

·2-min read

7C Solarparken AG / Key word(s): Capital Increase
7C Solarparken AG resolves on capital increase with subscription rights of up to EUR 8 Mio.

13-Jan-2021 / 08:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

7C Solarparken AG resolves on capital increase with subscription rights of up to EUR 8 Mio.

Bayreuth, 13 January 2021 - 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 17 July 2020 and with the approval of the Supervisory Board, to increase the Company's issued share capital from EUR 67,492,085.00 to up to EUR 69,420,430.00 by issuing up to 1,928,345 new no-par value bearer shares against cash contributions whilst granting the existing shareholders' subscription rights. The placement price per share was put by the Management Board with the approval of the Supervisory Board at EUR 4.10 per share.

Existing shareholders will have the opportunity to subscribe the 1,928,0345 new shares within the framework of a subscription offer. The subscription period shall run from 19 January 2021, 0:00 to 1 February 2021, 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 January 1, 2020.

The issue proceeds will contribute materially to the financing of the portfolio growth of the Company in Germany and Belgium. The management board aims at increasing the group's portfolio to 500 MWp by 2023, of which 400 MWp capacity in full ownership of the group. This objective requires equity, which will be strengthened by the capital increase, which was resolved today. The transaction is accompanied by MM Warburg.

Contact:
7C Solarparken AG
Koen Boriau
Management Board
An der Feuerwache 15
95445 Bayreuth
Deutschland
FON: +49 (0)921 230557-77
FAX: +49 (0)921 230557 79
EMAIL: info@solarparken.com
www.solarparken.com
 

13-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

7C Solarparken AG

An der Feuerwache 15

95445 Bayreuth

Germany

Phone:

+49 (921) 23 05 57 77

Fax:

+49 (921) 23 05 57 79

E-mail:

info@solarparken.com

Internet:

www.solarparken.com

ISIN:

DE000A11QW68

WKN:

A11QW6

Listed:

Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; London

EQS News ID:

1160257


 

End of Announcement

DGAP News Service

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