Nordex SE: New shares have been successfully placed with issue proceeds in the amount of ca 74 million Euro

Hamburg - Nordex SE has issued 7,352,948 new, no par bearer shares from the capital increase against cash resolved. The new shares have been placed with institutional investors by way of an accelerated bookbuilding at a placement price of 10.00 Euro per share.

The execution of the capital increase is anticipated to be registered on 28 November 2013 in the Rostock commercial register. The new shares will be admitted without prospectus to trading at the regulated market of the Frankfurt Stock Exchange with simultaneous listing in the segment of the regulated market with additional listing requirements (Prime Standard) at the Frankfurt Stock Exchange on 28 November 2013 and are expected to be included into the existing trading the trading day after, 29 November 2013. The new shares carry dividend rights from 1 January 2013 onwards.

The company will, subject to registration of the capital increase with the commercial register, earn gross issue proceeds in the amount of 73.529 million Euro. Nordex SE intends to use the proceeds from the capital increase to finance its further growth - also in new markets and the research & development of its next generation turbine technology - as well as to strengthen its equity ratio and allow the partial repayment of debt.

UniCredit Bank AG, Munich, BNP Paribas, Paris, and HSBC Trinkaus & Burkhardt AG, Dus-seldorf, serve as Joint Bookrunners of the capital increase transaction.

Source: IWR Online, 27 Nov 2013