24.07.2015 KTG Energie AG  DE000A0HNG53

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 --------------------------------------------------------------------- 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] --------------------------------------------------------------------- 24.07.2015 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 380935 24.07.2015