AMG Advanced Metallurgical Group N.V. Announces Successful Placement of Approximately 3.1 Million Shares Via an Accelerated Book Building Process

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Amsterdam, 9 April 2021 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) announces the successful placement of 3,136,742 new ordinary shares (the “Shares”) via an accelerated book building process (the “Offering”). The Shares were sold at a price of €32.50 per Share, generating proceeds in excess of €100 million.  

The net proceeds of the Offering will be utilized to fund and expedite AMG’s projects in the lithium value chain within the new AMG Clean Energy Materials (“CEM”) reporting segment. With this equity raise, in combination with cash on hand and strong projected cash flow from operations, AMG believes it can fully fund its current strategic CEM projects.

Heinz Schimmelbusch, AMG’s CEO, said, “The CEM segment is at the center of AMG’s growth investments, each of which fit within AMG’s core strategy to enable C02 reduction utilizing advanced material technologies. Energy storage materials add a new dimension to this strategy as batteries enable higher efficiency in the intermittent renewable energy sector. We are very pleased with the investor reception to AMG’s capital increase, which was more than 2 times oversubscribed, and is indicative of the market’s appreciation for our growth strategy.”

Allocation of the Shares has taken place today, 9 April 2021. Payment and delivery of the Shares are scheduled for 13 April 2021, at which date the Shares are expected to be admitted to listing and trading on Euronext Amsterdam. After settlement, the total issued share capital of AMG consists of 34,504,164 ordinary shares.

In relation to the Offering, AMG and AMG’s management board have agreed, with customary exceptions, not to issue or dispose of additional ordinary shares for a period of 90 calendar days after the settlement date.

ABN AMRO Bank N.V. and Citigroup Global Markets Europe AG have acted as Joint Global Coordinators and Joint Bookrunners in relation to the Offering.

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.