7C Solarparken AG

7C Solarparken AG resolves on capital increase in order to accelerate growth

Public disclosure of inside information according to article 17 MAR

Bayreuth (pta037/09.11.2017/18:43) - Ad hoc announcement according to Section 17 MAR

Bayreuth, November 9, 2017 - The Management Board of 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68; Frankfurt stock exchange, regulated market (general standard)) today resolved, based on the resolution of the general meeting of 15 July 2016 and with the approval of the Supervisory Board, to increase the Company's issued share capital from EUR 44,821,419.00 to up to EUR 46,791,825.00 by issuing up to 1,970,406 new no-par value bearer shares against cash contributions excluding the existing shareholders' subscription rights. The new shares will carry full dividend rights as of January 1, 2017. The 1,970,406 new shares will be offered in a private placement under exclusion of the subscription right pursuant to Section 186 Paragraph 3 Sentence 4 of the German Stock Corporation Act to qualified investors in Germany and other European countries. The new shares will be included without a prospectus in the existing listing in the Regulated Market segment of the Frankfurt Stock Exchange (General Standard). The subscription price will use the stock exchange price of the Company's shares as guidance and may not be substantially lower than the stock exchange price of the Company's shares. The issue proceeds should enable the company to accelerate growth and to implement strategic measures. The transaction is accompanied by Quirin Privatbank AG.

End of ad hoc announcement

Further information

7C Solarparken AG
An der Feuerwache 15
95445 Bayreuth,
Germany
www.solarparken.com
Steven De Proost, CEO
[e-mail]
phone +49 (0) (921) 230557 77

(end)

emitter: 7C Solarparken AG
address: An der Feuerwache 15, 95445 Bayreuth
country: Germany
contact person: Koen Boriau
phone: [phone]
e-mail: [e-mail]
website: www.solarparken.com

ISIN(s): DE000A11QW68 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Dusseldorf; open market in Berlin

[ source: http://www.pressetext.com/news/20171109037 ]