Ad hoc announcement according to Section 17 MAR

25.06.2019 -7C Solarparken AG resolves on capital increase to accelerate growth in the context of its Strategic Plan 2018-20

Bayreuth, 25 June 2019 - 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 53,394,083 to up to EUR 58,733,491 by issuing up to 5,339,408 new no-par value bearer shares against cash contributions excluding the existing shareholders' subscription rights.
The new shares will carry full dividend rights as of January 1, 2019. The 5,339,408 new shares will be offered in a private placement under exclusion of the subscription right pursuant to Section 186 Paragraph 3 Sentence 4 of the German Stock Corporation Act to qualified investors in Germany and other European countries. The placement price per share was put by the Management Board with the approval of the Supervisory Board at EUR 2.85 per share. The new shares will be included without a prospectus in the existing listing in the Regulated Market segment of the Frankfurt Stock Exchange.
The planned issue proceeds will be a material part of the Companies' financing structure and will allow the Company, to accelerate the growth of the portfolio from 154 MWp at the end of 2018 towards 220 MWp at the end of 2020. The company's Plan 2018-20 already foresaw the issue of up to EUR 16 Mio. fresh equity. Through today's planned transaction, the group can almost realise in full the equity envisaged in the strategic plan. The transaction is accompanied by MM Warburg.

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

End of Ad hoc announcement

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