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25 Jan 2018, Investors

Exercise of the convertible bond through HPE Pro Institutional Fund B.V. and two German Family Offices

In December 2017 and January 2018, the conversion right was exercised by HPE PRO Institutional Fund B.V. and two German family offices for a nominal amount of EUR 3,300,000.00.

Brunnthal/Munich, Germany, January 25, 2018 – The Management Board of SFC Energy AG (ISIN: DE0007568578), a leading international supplier of stationary and mobile hybrid-power supply solutions on the basis of fuel cells, had issued convertible bonds to three investors with a total nominal amount of EUR 3,300,000.00 in the period from December 2015 to March 2016 pursuant to the resolution adopted by the Annual General Meeting of SFC Energy AG on May 7, 2015. The convertible bonds were valued with an interest rate of 4.0% p.a. The issue price was fixed at 90.0% of the nominal amount. In addition, the convertible bonds offered an option right to no-par-value bearer shares of the Company with a pro-rata amount of the Company’s share capital of EUR 1.00 per share at a conversion price of EUR 6.10.

In December 2017 and January 2018, the conversion right was exercised by HPE PRO Institutional Fund B.V. and two German family offices for a nominal amount of EUR 3,300,000.00. As a result of the exercise of the convertible bond, the share capital of SFC Energy AG increased by EUR 540.936.00 from EUR 9,208,676.00 to 9,749,612.00. The total number of shares issued by the company rose accordingly to 9,749,612.

Dr. Peter Podesser, CEO of SFC Energy AG, comments:"By exercising the convertible bond, SFC Energy AG reduces its liabilities, associated financing costs and improves the balance sheet positions. We are very happy that HPE Growth Capital – as our largest shareholder – and two German family offices underline their confidence in SFC’s perspective by the conversion."

About SFC Energy Group

SFC Energy AG (www.sfc.com) is a leading provider of hydrogen and direct methanol fuel cells for stationary and mobile hybrid power solutions. With the Clean Energy and Clean Power Management business segments, SFC Energy is a sustainably profitable fuel cell producer. The Company distributes its award-winning products worldwide and has sold more than 50,000 fuel cells to date. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857 ISIN: DE0007568578).

IR Contact

Susan Hoffmeister
Tel. +49 89 125 09 03-33
Email: [email protected]
Web: sfc.com