24.07.2015
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DGAP-News: KTG Energie AG: Capital increase placed successfully
DGAP-News: KTG Energie AG / Key word(s): Capital Increase
KTG Energie AG: Capital increase placed successfully
24.07.2015 / 18:28
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KTG Energie AG: Capital increase placed successfully
Gross issue proceeds of EUR7,670,000 million to finance further growth
Hamburg, July 24, 2015. KTG Energie AG (ISIN: DE000A0HNG53) has placed a
total of 650,000 new shares with a reference price of EUR11.80 with
institutional investors as part of the capital increase under exclusion of
subscription rights resolved on July 23. The capital increase, which is
supported by equinet Bank AG, was subscribed in short time. The company is
incorporating gross issue proceeds of EUR7,670,000 to be used to finance
further growth.
"This fast placement demonstrates the confidence of our investors in our
business model and our growth strategy", says Dr. Thomas Berger, CEO of KTG
Energie AG. "I am delighted that this capital increase has been supported
both by investors committed in the long-term as well as by a series of new,
international investors. The gross issue proceeds will enable us to utilize
acquisition opportunities in the market at short notice and to thus further
drive our growth."
Growth through further acquisitions
With its existing plant portfolio alone, KTG Energie AG will have an
already secured, long-term sales base of over EUR90 million and an EBITDA
base of over EUR28 million from fiscal year 2015/2016. Under the continued
growth strategy, it is planned to increase the sales base to over EUR100
million, and the EBITDA base to over EUR30 million. This will be made
possible mainly by favorable acquisitions of biogas plants with legally
guaranteed remuneration rights from the Renewable Energy Act (EEG) and thus
secure revenue up to 2030 and beyond.
After the entry of the capital increase in the Commercial Register, the
authorized capital will amount to EUR7.174.328, split up into 7,174,328
no-par value shares taking into account the 24,328 new shares from the 2015
stock dividend.
About KTG Energie AG
KTG Energie AG is committed to an integrated, sustainable business model in
which the production of renewable commodities does not compete with
foodstuff production. With 85 employees at the end of July 2014, KTG
Energie AG operated biogas plants with a total capacity of more than 60.5
MW, which both feed processed biogas directly into the natural gas grid and
use biogas for power production. From fiscal year 2015/2016, this will
result in a secured sales base of EUR90 million and an EBITDA base of
between EUR28 and EUR29 million.
Contact:
Investor Relations / Press
Tobias M. Weitzel
BSK Becker+Schreiner Kommunikation GmbH
Phone: +49 2154-8122 16
E-mail: [email protected]
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24.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: KTG Energie AG
Ferdinandstr. 12
20095 Hamburg
Germany
Phone: +49 40 76755372
Fax: +49 40 76755374
E-mail: [email protected]
Internet: www.ktg-energie.de
ISIN: DE000A0HNG53, DE000A1ML257,
WKN: A0HNG5, A1ML25
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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