The management board of Nordex, with the approval of the supervisory board of the company, has resolved a capital increase that it will use to strengthen its balance sheet.
The capital increase will occur through a subscription rights offer against cash contribution and a contribution in kind by majority shareholder Acciona.
Nordex intends to use the proceeds from the subscription rights offer to increase its cash position, thereby strengthening its balance sheet, increase financial flexibility, and support future profitable growth.
A total of 42,672,276 new ordinary bearer shares of Nordex with no par-value will be issued at a subscription price of €13.70 per share from the authorised capital of the company, resulting in a total gross volume of the capital increase of approximately €584.6m.
Consequently, Nordex’s share capital will be increased from €117,348,759 to €160,021,035 (equalling approximately 36.36% of the current share capital).
Subject to the approval of the prospectus by the German Federal Financial Supervisory Authority and the publication of the approved prospectus on the company’s website the subscription period will commence on2 July 2021 and end on 15 July 2021.