DGAP-News: Nabaltec AG / Key word(s): Capital Increase
Nabaltec AG: Capital Increase Successfully Concluded
Schwandorf, 14 September 2017 - Nabaltec AG has successfully placed the capital increase which it announced on 14 September 2017. The placement price was EUR 23 per share. The placement of 800,000 new shares with institutional investors generated gross proceeds of EUR 18.4 million for the company. Shareholder subscription rights were excluded. As a result of the capital increase, Nabaltec AG's capital stock will increase to EUR 8,800,000 upon entry of the capital increase in the Commercial Register.
Johannes Heckmann, CEO of Nabaltec AG, stated as follows: "We have been able to put together a string of record-breaking quarters in recent years, even though we were forced to temporarily halt production in the US so that the former joint venture there could be transformed into a stand-alone solution as a wholly owned subsidiary with infrastructure to match. Due to our strong growth, we are already operating at the limits of our capacity in Germany. When the US site goes back online in the first quarter of 2018, we will be able to substantially increase our capacity and potential. But the market opportunities we see go even further. With our comfortable liquidity position and our successfully placed recent capital increase, which further strengthened our capital base, we will gain additional freedom of action to exploit this potential, e.g. in connection with lithium ion batteries for e-mobility, in the cable industry or in technical ceramics."
The transaction was managed by Hauck & Aufhäuser Privatbankiers Aktiengesellschaft as Sole Global Coordinator and Sole Bookrunner.
About Nabaltec AG:
|Phone:||+49 9431 53-0|
|Fax:||+49 9431 53-260|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt|
|End of News||DGAP News Service|