Meyer Burger announces the terms of its rights issue of around CHF 200 million and amends its proposals to the EGM

Meyer Burger Technology AG / Key word(s): Capital Increase Meyer Burger announces the terms of its rights issue of around CHF 200 million and amends its proposals to the EGM 18-March-2024 / 06:40 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR Thun, March 18, 2024

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Meyer Burger announces the terms of its rights issue of around CHF 200 million and amends its proposals to the EGM
 

Meyer Burger Technology AG announces the terms of its rights issue to raise around CHF 200 million to finance its U.S. expansion. The Company plans to issue up to 20,144,423,886 new shares at a subscription price of CHF 0.01 per share, with a subscription ratio of 28 new shares per 5 existing shares. The rights issue is backed by commitments from Sentis Capital PCC (Cell 3) (Sentis Capital), Meyer Burger's largest shareholder, and D.E. Shaw Renewable Investments (DESRI), Meyer Burger's largest customer in the U.S., for up to CHF 67.5 million in total. The Company's Board of Directors has adapted its proposals to the Extraordinary General Meeting, to be held today in Thun, to the terms of the rights issue. The prospectus for the rights issue is expected to be published on March 19, 2024.

Meyer Burger Technology AG ("Meyer Burger" or the "Company") announces the terms of its rights issue to finance the completion of its Colorado and Arizona manufacturing facilities announced on February 23, 2024. Subject to the approval of today's Extraordinary General Meeting ("EGM"), to be held in Thun at 2:00 p.m. CET, and the final decision to launch the rights issue, the Company plans to issue up to 20,144,423,886 registered shares with a nominal value of CHF 0.01 each. The offer price per share has been set at CHF 0.01. The Company targets gross proceeds from the rights issue of around CHF 200 million. An aggregate of up to CHF 67.5 million are covered by commitments from Sentis Capital, Meyer Burger's largest shareholder, and DESRI, Meyer Burger's largest customer in the U.S., subject to certain conditions.