Meyer Burger successfully completes its capital increase of CHF 250 million
November 10, 2022 at 12:48 am EST
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Meyer Burger Technology AG / Key word(s): Capital Increase
Meyer Burger successfully completes its capital increase of CHF 250 million
10-Nov-2022 / 06:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Following the successful rights offering, Meyer Burger Technology AG has sold 17,928,299 new registered shares with respect to which subscription rights have not been validly exercised during the rights exercise period. Together with the 908,799,241 new shares with respect to which subscriptions rights have been validly exercised during the rights exercise period as announced yesterday, the company will issue a total of 926,727,540 new registered shares in connection with its capital increase and raise gross proceeds in an amount of CHF 250 million.
“The successful capital increase enables Meyer Burger to seize the opportunity to accelerate its expansion to approximately 3 gigawatts of production capacity per year,” says Franz Richter, Chairman of the Board of Directors. The expansion of solar cell production is planned to take place at the Thalheim, Germany site and corresponding solar module production at the Goodyear, Arizona, U.S., site.
Trading of the new shares on the SIX Swiss Exchange is expected to commence on November 11, 2022. It is also expected that delivery of the new shares against payment of the subscription price will occur on November 11, 2022. The total issued share capital of Meyer Burger following the transaction will amount to CHF 179,860,927.55 divided into 3,597,218,551 registered shares with a nominal value of CHF 0.05 each. The new shares carry full voting rights and dividend rights from and for the fiscal year 2022 and are equal to the existing shares in all respects.
Goldman Sachs, Jefferies and Zürcher Kantonalbank acted as Joint Global Coordinators for the capital increase.
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 
