Nabaltec AG: Capital Increase Successfully Concluded
Schwandorf, 14 September 2017 - Nabaltec AG has successfully placed the capital increase which it announced on 14 September 2017. The placement price was EUR 23 per share. The placement of 800,000 new shares with institutional investors generated gross proceeds of EUR 18.4 million for the company. Shareholder subscription rights were excluded. As a result of the capital increase, Nabaltec AG's capital stock will increase to EUR 8,800,000 upon entry of the capital increase in the Commercial Register.
Johannes Heckmann, CEO of Nabaltec AG, stated as follows: "We have been able to put together a string of record-breaking quarters in recent years, even though we were forced to temporarily halt production in the US so that the former joint venture there could be transformed into a stand-alone solution as a wholly owned subsidiary with infrastructure to match. Due to our strong growth, we are already operating at the limits of our capacity in Germany. When the US site goes back online in the first quarter of 2018, we will be able to substantially increase our capacity and potential. But the market opportunities we see go even further. With our comfortable liquidity position and our successfully placed recent capital increase, which further strengthened our capital base, we will gain additional freedom of action to exploit this potential, e.g. in connection with lithium ion batteries for e-mobility, in the cable industry or in technical ceramics."
The transaction was managed by Hauck & Aufhäuser Privatbankiers Aktiengesellschaft as Sole Global Coordinator and Sole Bookrunner.
About Nabaltec AG:
Nabaltec AG, with registered office in Schwandorf, a chemicals business which has received multiple awards for innovativeness, manufactures, develops and distributes highly specialized products based on aluminum hydroxide ("ATH") and aluminum oxide, as well as other raw materials, on an industrial scale through its two product segments, "Functional Fillers" and "Technical Ceramics." The company's product range includes halogen-free flame retardant fillers and functional additives for the plastics industry. Flame retardant fillers are used e.g. in cables in tunnels, airports, high-rise buildings and electronic devices, while additives have applications in catalysis and in electric vehicles. Nabaltec also produces base materials for use in technical ceramics and the refractory industry. Unlike halogenated flame retardants, flame retardant fillers contain no hazardous substances and do not require separate disposal. Rather, they actually decrease the development of fumes hazardous to human health and the environment in the event of fire. Nabaltec maintains production sites in Germany and the US and plans to continue to develop its market position by expanding capacity, further optimizing processes and quality and making strategic extensions to its product range. On the strength of its specialty products, the company strives to attain the market leadership in each segment.
Phone: +49 9431 53-201
Fax: +49 9431 53-203
Frank Ostermair/Vera Müller
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
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