SFC Energy AG plans capital increase from authorized capital with exclusion of shareholders' subscription rights

SFC Energy AG / Key word(s): Capital Increase
SFC Energy AG plans capital increase from authorized capital with exclusion of shareholders' subscription rights

24-Nov-2020 / 17:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

SFC Energy AG

Publication of Insider Information pursuant to Article 17 of Regulation (EU) No. 596/2014 - ISIN DE0007568578


SFC Energy AG plans capital increase from authorized capital with exclusion of shareholders' subscription rights

Brunnthal/Munich, 24 November 2020 - On 24 November 2020, the Management Board of SFC Energy AG has, with the approval of the Supervisory Board of SFC Energy, resolved by way of a framework resolution to increase its share capital from currently EUR 13,154,312.00 by up to EUR 1,315,431.00 (up to just under 10% of the current share capital) to up to EUR 14,469,743.00 by partial use of its authorized capital against cash contributions with exclusion of subscription rights of existing shareholders through the issuance of up to 1,315,431 new ordinary bearer shares with no-par value (auf den Inhaber lautende Stückaktien) with a notional value of EUR 1.00 (the "New Shares"). The New Shares shall carry full dividend rights from 1 January 2020.

The New Shares shall be offered for sale by way of a private placement to qualified investors in Germany and other selected jurisdictions (outside the United States of America). The concrete number of New Shares as well as the offer price per New Share will be determined by way of an accelerated bookbuilding. The private placement will be initiated immediately after this notification. The Management Board of SFC Energy is expected to determine this evening or tomorrow, on 25 November 2020, following authorization by the Supervisory Board of SFC Energy, and partially utilizing the authorized capital, the offer price and final number of New Shares by way of a separate determination resolution.

The Managing Board expects that the Company will receive gross proceeds of approximately EUR 19 million from the planned capital increase. The Company intends to use the net proceeds to acquire attractive companies active in hydrogen technology and to focus on research and development in electrolysis technology to produce "green hydrogen".

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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. This publication of inside information is not a prospectus. Subject to certain exceptions from the Securities Act, 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 will only be distributed 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 "Financial Promotion Order") or (iii) high net worth entities, unincorporated associations or other corporations falling within article 49(2)(a) to (d) of the Financial Promotion 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.

SFC IR Contact:
SFC Energy AG
Eugen-Sänger-Ring 7
D-85649 Brunnthal
Susan Hoffmeister
Tel. +49 89 125 09 03-33
Email: [email protected]
Web: sfc.com

24-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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