DGAP-News: ABO Wind AG specifies further details on announced capital increase

Error message

Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).

- Free float increases to up to 38 percent; families of company founders retain majority

Metadata

Provider:

EQS

Retrieved on:

Monday, November 16, 2020

Information

Tags:

ABO

Summary

Key Points:

- Free float increases to up to 38 percent; families of company founders retain majority
ABO Wind AG has specified further details regarding the capital increase announced on November 11, 2020 .
The Supervisory Board of ABO Wind AG today approved the resolution of the Managing Board to increase the company's share capital by up to a nominal amount of 550,000 euros by issuing up to 550,000 new shares.
ABO Wind attaches great importance to a strong financial basis and an equity ratio of at least 40 percent.
With the planned capital increase, the free float of the ABO Wind share will grow to up to 38 percent.

DGAP-News: ABO Wind AG

/ Key word(s): Capital Increase/Corporate Action

ABO Wind AG specifies further details on announced capital increase

16.11.2020 / 13:35

The issuer is solely responsible for the content of this announcement.

ABO Wind specifies further details on announced capital increase

- Up to 550.00 shares will be offered for subscription to institutional investors

- Additional funds will be used to strengthen the turnkey construction of large wind and solar parks

- Free float increases to up to 38 percent; families of company founders retain majority

ABO Wind AG has specified further details regarding the capital increase announced on November 11, 2020. The Supervisory Board of ABO Wind AG today approved the resolution of the Managing Board to increase the company's share capital by up to a nominal amount of 550,000 euros by issuing up to 550,000 new shares. Metzler Bank Frankfurt is accompanying the issue and will offer the shares for purchase to selected institutional investors in a private placement without a prospectus. The final placement price will be determined in a so-called bookbuilding process within a range of 29.50 to 31 euros. In the event of a full placement, the gross issue proceeds will exceed 16 million euros.

"This means that our equity is expected to grow to around 140 million euros by the end of the year," says Management Director Dr. Karsten Schlageter. ABO Wind attaches great importance to a strong financial basis and an equity ratio of at least 40 percent. In the future, the steadily growing company would like to increasingly build large turnkey wind and solar farms as a general contractor, some of which have a capacity of more than one hundred megawatts. ABO Wind has grown its portfolio of projects under development in 16 countries worldwide to more than twelve gigawatts. In the past three years, the company has sold several large projects during development, for example in Spain and Finland. Dr. Schlageter: "These were good business deals for us. But our aim is to cover the entire value chain in as many projects as possible and in all our markets, and to regularly construct and commission large turnkey wind and solar farms ourselves".

With the planned capital increase, the free float of the ABO Wind share will grow to up to 38 percent. This should further stimulate trading in the ABO Wind share. On April 1, 2020, the share was included in Frankfurt Xetra trading, which has already significantly improved tradability, especially for institutional investors. The families of the two company founders, Dr. Jochen Ahn and Matthias Bockholt, have declared that they intend to permanently hold the majority of shares. In the event of a full placement, their stake will be reduced to 52 percent as a result of the current capital increase. Another approximately ten percent is held by Mainova AG from Frankfurt.

Contact:

Alexander Koffka

Phone: +49 (0)611 267 65-515

Fax: +49 611 267 65-599

E-Mail: [email protected]

16.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

1148430 16.11.2020