News Release from Senvion GmbH
Wind Industry Profile of
03/21/2007
REpower concludes capital increase by 10 per cent
Hamburg, 20 March 2007. To finance its continuing strong growth over the coming years, the Executive Board of Repower Systems AG (WKN 617703), with the approval of the Supervisory Board, today resolved to increase the share capital of the company by up to EUR 811,799 with partial utilisation of the authorised capital. The Supervisory Board decided unanimously.
The company's share capital will be increased from EUR 8,117,997 to up to EUR 8,929,796 by issuing up to 811,799 new REpower shares against cash contributions. The new shares will be offered to REpower shareholders by the issuing bank HSBC Trinkaus & Burkhardt AG from 26 March 2007 to 10 April 2007 at a subscription price of EUR 136 in cash per share by way of indirect subscription right.
The subscription ratio is 10:1, i.e. one new share can be acquired for every ten REpower shares held. A trading of the subscription rights is not intended. Any new shares not subscribed after the subscription period will be offered to qualified investors by the issuing bank as part of a private placement or sold on the stock exchange.
Among other things, the capital increase will be used to pre-finance big European offshore projects, for which REpower is at an advanced stage of negotiations.
The company's share capital will be increased from EUR 8,117,997 to up to EUR 8,929,796 by issuing up to 811,799 new REpower shares against cash contributions. The new shares will be offered to REpower shareholders by the issuing bank HSBC Trinkaus & Burkhardt AG from 26 March 2007 to 10 April 2007 at a subscription price of EUR 136 in cash per share by way of indirect subscription right.
The subscription ratio is 10:1, i.e. one new share can be acquired for every ten REpower shares held. A trading of the subscription rights is not intended. Any new shares not subscribed after the subscription period will be offered to qualified investors by the issuing bank as part of a private placement or sold on the stock exchange.
Among other things, the capital increase will be used to pre-finance big European offshore projects, for which REpower is at an advanced stage of negotiations.
- Source:
- REpower Systems AG
- Author:
- Daniela Puttenat
- Email:
- info@repower.de
- Link:
- www.repower.de/...