Nordex has increased its capital by over €586m through a share issuance.
It said that 98.20% of all subscription rights were exercised by existing shareholders and the remainder has been sold over a stock exchange or outside stock exchanges by the underwriters.
The total gross volume of the capital increase amounts to approximately €586.15m, consisting of total gross cash proceeds of approximately €389.57m and an equivalent of approximately €196.58m from a contribution in kind by Acciona.
A total of 42,672,276 new shares, representing approximately 36.36% of the existing share capital, were offered to the company’s shareholders at a subscription ratio of 11 to four.
Shareholders were therefore able to purchase four new shares for every 11 shares held at a subscription price of €13.70 per new share.
The subscription period commenced on 2 July and ended on 15 July.
Nordex chief executive Jose Luis Blanco (pictured) said: “We thank our shareholders and our core banks for their confidence in Nordex.
“As a leading global turbine manufacturer with a robust balance sheet and the successful Delta4000 product portfolio, Nordex is well positioned to accelerate profitable growth.”
The new shares are expected to be admitted to trading on 19 July and to be included in the existing listing on the regulated market of the Frankfurt Stock Exchange on 20 July.
Nordex has mandated Commerzbank Aktiengesellschaft, UniCredit Bank, Credit Agricole Corporate and Investment Bank and Intesa Sanpaolo as joint global coordinators and joint bookrunners for the transaction.