SFC Energy AG: SFC Energy AG announces new anchor shareholder as well as changes in the Executive Board, Supervisory Board, and within the organisation

SFC Energy AG / Key word(s): Miscellaneous
15.11.2010 20:58

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

Brunnthal/Munich, November 15, 2010 - SFC Energy AG (listed on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange, ISIN DE0007568578, WKN 756857) noticed that HPR PRO Institutional Fund B.V., a fund of Holland Private Equity (HPE), today has acquired two significant equity stakes in the Company from Pricap Venture Partners AG and Dr. Manfred Stefener for a price of EUR 5.70 per share. After closing of the transactions, HPE will hold approx. 25.01% of the SFC shares outstanding and hereby become the largest shareholder of the Company. The transactions are to be closed in January, 2011. HPE has agreed to a lock-up period of 12 months during which HPE will not sell any of those shares.
Concurrently, changes will occur in both the Executive and the Supervisory Board of SFC, as well as within the organisation. Dr Jens Müller, presently member of the Executive Board and Chief Operating Officer of the Company, will not prolong his management contract beyond its regular term and leave the Executive Board at the end of 2010. According to the request of both, HPE and SFC, he shall join the Company's Supervisory Board. As successor for Dr Müller, SFC has promoted Verena Graf - who has been Director R&D since 2004 - to the role of Vice President and Chief Technology Officer, effective January 1st, 2011.

Dr Peter Podesser, in contrast, continues to serve as Chief Executive Officer of the Company. The early renewal of his contract is aimed for the beginning of next year. Supported by HPE's sales and distribution expertise, he will drive further industrialization of the business model and implementation of a growth strategy.

Barbara v. Frankenberg
Head of IR und PR
SFC Energy AG
Eugen-Saenger-Ring 7
D-85649 Brunnthal / Munich
Tel. +49 89 673 592-378
Fax  +49 89 673 592-169
e-mail: [email protected]

15.11.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:     English
Company:      SFC Energy AG
              Eugen-Saenger-Ring 7
              85649 Brunnthal
Phone:        +49 (89) 673 592 - 100
Fax:          +49 (89) 673 592 - 169
E-mail:       [email protected]
Internet:     www.sfc.com
ISIN:         DE0007568578
WKN:          756857
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in München, Düsseldorf, Berlin, Stuttgart  
End of Announcement DGAP News-Service