SFC Energy AG successfully placed capital increase to accelerate growth
SFC Energy AG / Key word(s): Capital Increase SFC Energy AG - Corporate News - ISIN DE0007568578 SFC Energy AG successfully placed capital increase to accelerate growth - Capital increase subscribed by existing institutional shareholders - Gross proceeds of EUR 3.26 million - Use of funds to accelerate growth in the oil and gas segment with a focus on the US business and launch of the new EFOY GO! Brunnthal/Munich, 28 November 2014 - SFC Energy AG (ISIN: DE0007568578), a leading international supplier of fuel cell based hybrid-power supply solutions, has increased the registered share capital of the company from authorized capital excluding subscription rights of shareholders from EUR 8,020,045 by EUR 591,159 to EUR 8,611,204 by issuing 591,159 new no-par value bearer shares. The new shares with dividend rights from January 1, 2014 were placed with existing institutional and new investors in a private placement at a price of EUR 5.52 per share. The Company has received gross proceeds in the amount of EUR 3.26 million. The cash inflow from the capital increase is intended to be used to accelerate growth in the oil and gas segment, with specific focus to the US business as well as the launch of the new EFOY GO!. A new product platform, a "mobile power outlet", which is based on pioneering lithium battery technology. The Company sees enormous market opportunities in the area of emissions-free emergency home power supply when networks are unstable or in the wake of (natural) disasters-a market that is experiencing massive growth, particularly in the United States and Japan. In addition, the capital increase will further boost the equity base. Dr. Peter Podesser, CEO of SFC Energy AG, comments: "We have managed to place the new shares with our biggest existing shareholders and with new investors. The continued support and confidence of our existing and the interest of new investors are a clear confirmation of our strategy and demonstrate the growth potential investors attribute to our business model". About SFC Energy Group SFC Investor Relations Contact: SFC Energy AG Eugen-Sänger-Ring 7 CROSS ALLIANCE communication GmbH 28.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
300403 28.11.2014 |