Brief: 7C Solarparken To Increase Share Capital

7C Solarparken AG

03/12/2020 06:47

Dec 3(Reuters) - 7C SOLARPARKEN AG  HRPKk.DE :
    * SAID ON WEDNESDAY IT PLANNED TO INCREASE SHARE CAPITAL
FROM EUR
64,256,441 TO UP TO EUR 67,492,085
    * TO ISSUE UP TO 3,235,644 NEW SHARES AGAINST CASH
CONTRIBUTIONS
EXCLUDING SHAREHOLDERS' SUBSCRIPTION RIGHTS 
    * TO OFFER NEW SHARES BY PRIVATE PLACEMENT TO INSTITUTIONAL
INVESTORS IN GERMANY AND OTHER EUROPEAN COUNTRIES AS PART OF
ACCELERATED BOOKBUILDING PROCESS
    * ISSUE PROCEEDS TO PROVIDE ESSENTIAL COMPONENT FOR
FINANCING
TARGETED PORTFOLIO GROWTH IN GERMANY AND BELGIUM
    * AIM OF THE MANAGEMENT BOARD IS TO INCREASE THE GROUP'S
PORTFOLIO
TO 500 MWP BY THE END OF 2023

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nPex2mz2za
 Further company coverage:  HRPKk.DE  
   


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