Meyer Burger announces 97.23 percent of the maximum number of offered shares were subscribed via the exercise of rights
November 09, 2022 at 01:58 pm EST
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Meyer Burger Technology AG / Key word(s): Capital Increase
Meyer Burger announces 97.23 percent of the maximum number of offered shares were subscribed via the exercise of rights
09-Nov-2022 / 19:54 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Meyer Burger Technology AG announces the result of the rights offering: Through the expiry of the rights exercise period at 12:00 noon CET on November 9, 2022, 97.23 percent of the maximum number of offered shares (i.e. 908,799,241 out of 934,671,850) were subscribed via the exercise of rights.
As contemplated in prior announcements and in the prospectus relating to the rights offering, new shares with respect to which subscription rights have not been validly exercised during the rights exercise period will be offered for sale or otherwise placed in the market, with the aim of raising gross proceeds of up to CHF 250 million.
The first trading day of the new shares on the SIX Swiss Exchange is expected to be November 11, 2022. Delivery of the new shares against payment of the subscription price is expected to also be November 11, 2022.
Meyer Burger Technology AG is a Switzerland-based company operating as a holding entity of the Meyer Burger Group, engaged in systems and processes based on semiconductor technologies. The Company mainly focuses in photovoltaics (solar industry) but also covers important areas of the semiconductor and the optoelectronic industries as well as other selected high-end markets based on semiconductor materials. The range of systems, production facilities and services along the value chain in photovoltaics encompasses wafers, solar cells, solar modules and solar systems. The Company operates across three continents, as well as provides service network with replacement parts and expendables, consumables, re-grooving services, process know-how, maintenance and customer service, training and other services. The Company established itself as an international brand by offering precision products and technologies. It operates Muegge GmbH as a wholly owned subsidiary.
MEYER BURGER TECHNOLOGY AG 
