SFC Energy : resolves on capital increase from authorized capital
June 15, 2018 at 01:50 am EDT
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DGAP-Ad-hoc: SFC Energy AG / Key word(s): Corporate Action
SFC Energy AG resolves on capital increase from authorized capital
15-Jun-2018 / 07:45 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 - Ad-hoc - ISIN DE0007568578
SFC Energy AG resolves on capital increase from authorized capital
Brunnthal/Munich, June 15, 2018 - The Management Board of SFC Energy AG has today resolved, with the approval of its Supervisory Board, to increase the share capital of the company from currently EUR 9,749,612.00 by up to EUR 500,000.00 to maximum EUR 10,249,612.00 by issuing of up to 500,000 new ordinary bearer shares with exclusion of subscription rights of the shareholders by up to about 5% against cash contributions on the basis of the authorisation as per the Articles of Association.
The company has set the placement price for the new shares with dividend rights from January 01, 2018, close to market at EUR 8.44 per share. The new shares are to be subscribed by institutional investors by way of a private placement.
The cash inflow from the capital increase in the amount of up to about EUR 4.2 million is to be used primarily to finance and secure the regional growth strategy in our civilian markets, but also in the defense sector.
SFC Energy AG
Investor Relations:
SFC Energy AG
Susan Hoffmeister
Eugen-Sänger-Ring 7
D-85649 Brunnthal
Tel. +49 89 673 592-378
Fax. +49 89 673 592-169
Email: susan.hoffmeister@sfc.com
15-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
SFC Energy AG
Eugen-Saenger-Ring 7
85649 Brunnthal
Germany
Phone:
+49 (89) 673 592 - 100
Fax:
+49 (89) 673 592 - 169
E-mail:
ir@sfc.com
Internet:
www.sfc.com
ISIN:
DE0007568578
WKN:
756857
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
SFC Energy AG (SFC) is a Germany-based company, operating in the fuel cell sector. It develops, produces and distributes fuel cell products based on direct methanol fuel cell (DMFC) technology. The companyâs activities are divided into three business segments. In the Consumer segment fuel cells are used to supply power to recreational vehicles, sailing yachts, vacation cottages and sailboats. The Industry segment provides applications in security and surveillance, traffic management, wind power, environmental technology and oil and gas sectors, as well as sells electronic components for integration into defense equipment, testing and metering systems. The Defense & Security segment covers defense and security applications for defense organizations and governments. SFCâs products portfolio encompasses the JENNY 600S, the vehicle-based EMILY 3000, the EMILY Cube 2500, the SFC Power Manager and network systems.