Brief: 7C Solarparken Resolves On Capital Increase

7C Solarparken AG

25/06/2019 16:42

June 25 (Reuters) - 7C SOLARPARKEN AG  HRPKk.DE :
    * RESOLVES ON CAPITAL INCREASE TO ACCELERATE GROWTH IN THE
CONTEXT
OF ITS STRATEGIC PLAN 2018-20
    * TO INCREASE COMPANY'S ISSUED SHARE CAPITAL FROM EUR
53,394,083
TO UP TO EUR 58,733,491
    * TO ISSUE UP TO 5,339,408 NEW NO-PAR VALUE BEARER SHARES
AGAINST
CASH CONTRIBUTIONS EXCLUDING EXISTING SHAREHOLDERS' SUBSCRIPTION
RIGHTS
    * NEW SHARES WILL CARRY FULL DIVIDEND RIGHTS AS OF JANUARY
1, 2019
    * PLACEMENT PRICE PER SHARE WAS PUT BY MANAGEMENT BOARD WITH
APPROVAL OF SUPERVISORY BOARD AT EUR 2.85 PER SHARE
    * 5,339,408 NEW SHARES WILL BE OFFERED IN A PRIVATE
PLACEMENT
UNDER EXCLUSION OF SUBSCRIPTION RIGHT
    * NEW SHARES WILL BE INCLUDED WITHOUT A PROSPECTUS IN
EXISTING
LISTING IN REGULATED MARKET SEGMENT OF FRANKFURT STOCK EXCHANGE
    * PLANNED ISSUE PROCEEDS WILL ALLOW COMPANY, TO ACCELERATE
GROWTH
OF PORTFOLIO FROM 154 MWP AT END OF 2018 TOWARDS 220 MWP AT END
OF 2020

Source text for Eikon:  ID:nEQ1Mwlta 
Further company coverage:  HRPKk.DE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))