ABO WIND AG
DGAP-Ad-hoc: ABO Wind AG / Key word(s): Capital Increase/Corporate Action Not for distribution in the US, Canada, Japan and Australia. ABO Wind AG plans capital increase excluding shareholders' subscription rights Wiesbaden, 11. November 2020 - Based on a market assessment obtained today, the Managing Board of ABO Wind AG (ISIN DE0005760029) is planning to implement a capital increase by partially using the existing 2020 authorised capital, excluding shareholders' subscription rights. It is expected that up to 550,000 new shares will be placed with selected qualified investors in a private placement. Taking into account the current market price of the company shares and assuming that the shares are fully placed, the Managing Board anticipates gross issue proceeds of around 16 million euros. These will be used primarily to finance the development and construction of new international wind and solar parks. In the coming days, the Managing Board will determine further details of the implementation of the capital increase. The Supervisory Board has not yet given its approval for the capital increase. ABO Wind Aktiengesellschaft The Managing Board Important notes This announcement is for information purposes only and does not constitute an offer to buy, sell, exchange or transfer any securities or a solicitation of an offer to purchase securities of ABO Wind AG in the United States of America or any other jurisdiction. The securities of ABO Wind AG mentioned herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States of America absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. Neither ABO Wind AG nor any other party to the transaction intends to register any securities described herein under the Securities Act or with any securities regulators of any state or other jurisdiction in the United States of America in connection with this announcement. The securities may not be offered in any jurisdiction in circumstances which would require the preparation or registration of a prospectus or offering circular in relation to the securities in that jurisdiction. In the United Kingdom, this information may only be forwarded and is only directed at (i) professional investors according to Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), as amended, or (ii) high net worth companies according to Article 49(2)(a) to (d) of the Order (all such persons together being referred to herein as "Relevant Persons"). The securities are only available to Relevant Persons and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with Relevant Persons. Any person who is not a Relevant Person should not act or rely on this announcement or any of its contents. The securities referred to in this announcement may not be sold or offered for sale in Australia, Canada or Japan or to or for the account or benefit of persons resident or domiciled in Australia, Canada or Japan. Neither ABO Wind AG nor any of its affiliates have taken any steps that would permit a public offering of the securities or the possession or distribution of this announcement or any other offer or advertising material in connection with these securities in any jurisdiction where such actions are required. In Member States of the European Economic Area ("EEA") where Regulation (EU) 2017/1129 as amended ("Prospectus Regulation") applies (the "Relevant Member States"), this communication and any subsequent offer is only addressed to persons who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation ("Qualified Investors"). Any person in the Relevant Member States who acquires or is offered securities in an offer of securities (an 'Investor') is deemed to have represented and agreed to be a Qualified Investor. Each investor will also be deemed to have represented and agreed that the securities acquired by it in the offering will not be acquired for persons in the EEA other than Qualified Investors or persons in the United Kingdom or other Member States (with equivalent legislation) for whom the investor has discretionary power to make decisions and that the securities have not been acquired for offer or resale in the EEA if this would result in an obligation for ABO Wind AG or any of its affiliates to publish a prospectus according to Article 3 of the Prospectus Regulation. This release contains forward-looking statements that are subject to certain risks and uncertainties. Future results could differ materially from those currently anticipated due to various risk factors and uncertainties, including changes in business, economic and competitive conditions, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. ABO Wind AG assumes no responsibility to update the forward-looking statements contained in this release.
11-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
1147350 11-Nov-2020 CET/CEST
