DGAP-News: SFC Energy AG / Key word(s): Corporate Action
SFC Energy AG - Corporate News
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After successful pre-placement, SFC Energy AG resolves capital increase with subscription in the amount of EUR 27 million and sets issue price at EUR 10.00 per New Share
Brunnthal/Munich, 26 June 2019 - Today, the Management Board of SFC Energy AG (SFC), with the approval of the Supervisory Board of SFC, resolved to increase its share capital from EUR 10,249,612.00 by EUR 2,700,00.00 to EUR 12,949,612.00 by partial use of its authorized capital against cash contributions with subscription rights of existing shareholders through the issuance of 2,700,000 new ordinary bearer shares with no-par value (auf den Inhaber lautende Stückaktien) (New Shares). At the same time, the Management Board, with the approval of the Supervisory Board, set the subscription price to EUR 10.00 per New Share and the subscription ratio. SFC expects gross proceeds of EUR 27 million from the capital increase which SFC plans to use for accelerating organic growth in its current vertical core markets, introducing newly developed hydrogen fuel cell solutions and financing potential strategic acquisitions and investments. The New Shares were offered to qualified investors in a pre-placement by way of an accelerated bookbuilding and have already been fully subscribed. However, these shares are subject to claw-back rights to the extent not relating to waived subscription rights from three of SFC's largest shareholders (HPE PRO Institutional Fund B.V., Havensight Capital Ltd. and Conduit Ventures IIA LP, which currently hold 26.94%, 7.48% and 7.15% of SFC's share capital respectively) if shareholders exercise their subscription right.
The New Shares will be offered to existing shareholders by way of an indirect subscription right with a subscription ratio of 4:1. The shareholders can thus acquire one New Share for every four shares they hold. For a fractional amount of 137,597 New Shares, the shareholders' subscription rights are excluded in order to avoid fractions. The subscription period is expected to run from July 1, 2019 to July 15, 2019 (both dates inclusive). Subscription rights not exercised after the end of the subscription period will lapse and be of no value.
The subscription rights (ISIN DE000A2YNT89 /WKN A2YNT8) with respect to the New Shares are expected to be traded on the regulated market (Xetra and Xetra Frankfurt Specialist) of the Frankfurt Stock Exchange from 1 July 2019 through and including 11 July 2019 (until approximately 12 noon CEST). As of 1 July 2019, the existing shares of SFC (ISIN DE0007568578/WKN 756857) are expected to be quoted "ex subscription rights" on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. The New Shares subscribed for, and New Shares subject to claw-back not subscribed for in connection with the subscription offer, are expected to be delivered on 17 July 2019.
"During the investor meetings and discussions on our roadshow and the pre-placement, we experienced great interest both in SFC Energy AG as well as in fuel cells in general. We are experiencing a shifting in the mindset in the way this environmentally friendly energy source is perceived by society and politics on a broad front. In large parts of the world, the reduction of CO2 emissions is recognized as a key priority, and an increasing number of national economies implement concrete regulatory and legal measures. The fuel cell as a clean, efficient way to generate electrical energy is experiencing a true renaissance and is again perceived and taken seriously as a valid alternative to conventional technologies. As leading supplier in that regard, we believe that we are very well positioned to benefit disproportionally from the acceptance of fuel cells in the medium and long term and to play a leading role in the further dissemination and introduction of this clean and efficient energy generation technology in mass markets worldwide," says Dr. Peter Podesser, CEO of SFC Energy AG.
About SFC Energy AG
SFC Energy AG (www.sfc.com) is a leading supplier of stationary and mobile hybrid power generation plants. With over 40,000 fuel cells sold to date, SFC Energy is a leading manufacturer of methanol fuel cells. The company sells its numerous multi-award-winning products to the oil and gas industry, for security and industrial applications and in consumer markets. The company has its headquarters in Brunnthal, close to Munich in Germany, and operates production facilities in the Netherlands, Romania and Canada. SFC Energy AG is listed in the Deutsche Boerse Prime Standard (German Securities Identification Number (WKN): 756857; ISIN: DE0007568578).
SFC Investor Relations
This publication is not and does not constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities in the United States of America, Germany or any other jurisdiction. Securities are not and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. There will be no public offer of the securities that are mentioned in this publication in the United States of America.
Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.
This publication of inside information is not a prospectus. Investors should not purchase or subscribe for any shares referred to in this publication of inside information except on the basis of information in the prospectus issued by the company in connection with the offering of such shares. Copies of the prospectus are available free of charge from the issuer or on www.sfc.com.
This publication is directed at and/or for distribution in the United Kingdom only to (i) persons who are outside the United Kingdom; (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (iii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons are referred to herein as "relevant persons"). This publication is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this publication or any of its contents. Any investment or investment activity to which this publication relates is available only to relevant persons and will be engaged in only with relevant persons.
This publication may contain forward-looking statements, estimates, opinions and projections with respect to anticipated future performance of the Company ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including, but not limited to, the terms "expects," "plans," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of SFC Energy AG and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.
|Company:||SFC Energy AG|
|Phone:||+49 (89) 673 592 - 100|
|Fax:||+49 (89) 673 592 - 169|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||831751|
|End of News||DGAP News Service|