7C Solarparken AG

7C Solarparken AG successfully completes cash capital increase

Public disclosure of inside information according to article 17 MAR

Bayreuth (pta013/10.11.2017/09:16) - Ad hoc announcement according to Section 17 MAR

Bayreuth, November 10, 2017 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68; Frankfurt stock exchange, regulated market (general standard)), has successfully completed its share capital increase resolved on November 9, 2017, from EUR 44,821,419.00 to EUR 46,791,825.00 by issuing 1,970,406 new no-par value bearer shares against cash contribution partially utilizing the existing authorized capital and excluding the shareholders' subscription rights. The new shares were placed exclusively to institutional investors in Germany and other European countries in a private placement at a placement price of EUR 2.35 per share, the gross proceeds of the capital increase amount to about EUR 4.6 million. 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/20171110013 ]