20 Jul 2017, Investors
On October 18, 2016, the Management Board of SFC Energy AG had issued an option bond, pursuant to the resolution adopted by the shareholders of SFC Energy AG at their annual meeting on June 14, 2016.
Brunnthal/Munich, Germany, July 20, 2017 – On October 18, 2016, the Management Board of SFC Energy AG (ISIN: DE0007568578), a leading provider of hybrid power solutions to the stationary and mobile power generation markets, had issued an option bond, pursuant to the resolution adopted by the shareholders of SFC Energy AG at their annual meeting on June 14, 2016. This option bond was issued with the exclusion of SFC Energy AG shareholders’ preemptive rights by means of a private placement with a private investor and lender from Singapore. In addition, the option bond offered an option right to 161,427 no-par-value bearer SFC Energy AG shares at an option price of €2.4779, each with a pro-rata amount of €1.00 per share of SFC AG’s capital. The private investor has now exercised this option, with SFC Energy AG receiving gross proceeds of approx. €0.4 million for further strengthening liquidity. The option bond exercise has increased SFC Energy AG’s share capital from €9,047,249.00 to €9.208.676,00 The total number of SFC Energy AG shares issued increased accordingly to 9,208,676 shares.
Dr. Peter Podesser, CEO of SFC Energy AG says: “Execution of the option bond, maturing in 2021, at this time benefits the investor as well as SFC Energy AG. While helping us finance ongoing projects, the liquidity increase also strengthens our equity position.”