DGAP-Adhoc: 7C Solarparken AG: 7C Solarparken AG resolves on capital increase with subscription rights of EUR 8 Mio.

7C Solarparken AG resolves on capital increase with subscription rights of EUR 8 Mio.

Bayreuth, 15 November 2018 - The Management Board of 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68; Frankfurt stock exchange, regulated market (general standard)) today resolved, based on the resolution of the general meeting of 7 June 2019 and with the approval of the Supervisory Board, to increase the Company's issued share capital from EUR 58,733,491.00 to up to EUR 61,356,441.00 by issuing up to 2,622,950 new no-par value bearer shares against cash contributions whilst granting the existing shareholders' subscription rights. The placement price per share was put by the Management Board with the approval of the Supervisory Board at EUR 3.05 per share.

Existing shareholders will have the opportunity to subscribe the 2,622,950 new shares within the framework of a subscription offer in November 2019. The new shares will be included without a prospectus in the existing listing in the Regulated Market segment of the Frankfurt Stock Exchange. The new shares will carry full dividend rights as of January 1, 2019.

The capital increase has been underwritten by institutional investors for an amount of up to EUR 3 Mio.

The planned issue proceeds up to EUR 8.0 m will allow the Company (i), to expand the PV Estate Portfolio (ii) optimize various solar installations and (iii) invest in the asset management business beyond the current strategic plan. Moreover, the capital increase will strengthen the companies' balance sheet, thereby allowing for additional alternative (corporate) financing in 2020. The transaction is accompanied by Lang & Schwarz.

Contact:
7C Solarparken AG
Koen Boriau
Vorstand
An der Feuerwache 15
95445 Bayreuth
Deutschland
FON: +49 (0)921 230557-77
FAX: +49 (0)921 230557 79
EMAIL: [email protected]
www.solarparken.com