PRESS RELEASE : ABO Wind AG: Capital increase opens up opportunities

 
 DGAP-News: ABO Wind AG / Key word(s): Capital Increase/Corporate Action 
ABO Wind AG: Capital increase opens up opportunities 
 
2020-11-25 / 12:16 
The issuer is solely responsible for the content of this announcement. 
 
*ABO Wind's largest capital increase to date opens up new opportunities* 
 
*- *Share issue generates 16.2 million euros in gross proceeds 
 
- Financial base strengthened to build more large turnkey projects 
internationally 
 
- Share issue was 2.3 times oversubscribed 
 
ABO Wind has generated gross proceeds of 16.2 million euros in the largest 
capital increase in the company's history. Bankhaus Metzler successfully 
placed the issue as sole bookrunner with selected institutional investors 
and achieved a 2.3-fold oversubscription. The approximately 30 new 
shareholders include internationally renowned investment companies. With the 
550,000 new shares, the total number of shares increases to 9,220,893. 
 
The placement price for the new shares was 29.50 euros and was 4.5 percent 
below the average Xetra closing price on the ten trading days preceding the 
Managing Board's decision to increase the capital. 
 
As a result of the capital increase, the share of the families of the two 
company founders will decrease from 55 to 52 percent. The founders Dr. 
Jochen Ahn and Matthias Bockholt are members of the four-member Managing 
Board. "ABO Wind will permanently remain owner-managed," says Matthias 
Bockholt. 
 
With the latest capital increase, the company's balanced equity will rise to 
around 140 million euros at the end of the year. "This increases our 
opportunities to pre-finance construction phases and to connect even very 
large wind and solar farms to the grid on a turnkey basis," says Bockholt. 
To develop projects until they are ready for construction is the central 
part of ABO Wind's value chain. The company usually wants to build the 
projects as general contractor in order to sell them as turnkey projects. To 
date, ABO Wind has connected renewable power plants with a total capacity of 
around 1,600 megawatts to the grid and has also sold projects with a 
capacity of 2,000 megawatts at an earlier stage of development. 
 
Currently, around 700 employees worldwide are working on new projects with a 
capacity of more than 12,000 megawatts. These include many large projects 
with a capacity of more than 100 megawatts, for example in Finland or Spain, 
which will be ready to build in the short and medium term and will then 
enter the construction phase. ABO Wind is confident that, with the help of 
its strengthened capital base, the company's success will increase 
significantly in the coming financial years, thus living up to the great 
trust placed in the company by new and existing shareholders alike. 
 
Contact: 
Alexander Koffka 
Phone: [phone] 
Fax: [phone] 
E-Mail: [e-mail] 
 
2020-11-25 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, 
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Archive at www.dgap.de 
Language:    English 
Company:     ABO Wind AG 
             Unter den Eichen 7 
             65195 Wiesbaden 
             Germany 
Phone:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
Internet:    www.abo-wind.de 
ISIN:        DE0005760029 
WKN:         576002 
Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, 
             Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange 
EQS News ID: 1150520 
 
End of News DGAP News Service 
 
1150520 2020-11-25 
 
 

(END) Dow Jones Newswires

November 25, 2020 06:17 ET (11:17 GMT)