DGAP-News: KTG Energie AG's successful IPO will finance the company's growth
(firmenpresse) - DGAP-News: KTG Energie AG / Key word(s): IPO
KTG Energie AG's successful IPO will finance the company's growth
27.06.2012 / 07:50
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KTG Energie AG's successful IPO will finance the company's growth
- 1.5 million shares subscribed at fixed price of EUR 13.80
- Capital issue for growth financing fully placed
- Trading at Frankfurt Stock Exchange is expected to start on 29 June
2012
Hamburg, 27 June 2012 - KTG Energie AG (ISIN: DE000A0HNG53), Germany's
third largest producer of renewable energy from biogas, has fully placed
the 1,000,000 shares from a capital increase during the subscription period
at a fixed price of EUR 13.80 per share. This will enable the company to
expand its biogas production capacity as planned. Besides the capital
increase, 500,000 shares held by the parent company, KTG Agrar AG, have
been placed. This brings the gross proceeds of the first German IPO of the
year 2012 to approximately EUR 20.7 million. Subscriptions by private
investors have been fully assigned. The market capitalisation will total
EUR 82.80 million. Holding 75 percent of the shares, KTG Agrar will remain
the majority shareholder. The shares will be presumably admitted to trading
in the Entry Standard of the Frankfurt Stock Exchange on 29 June 2012. Says
Dr. Thomas Berger, CEO of KTG Energie: 'We would like to thank all
investors for placing their trust in us and subscribing our shares in this
challenging capital market environment. In response to investors' requests,
we have given them the opportunity to invest in a company specialising in
the production of renewable energy and generating predictable earnings.'
Ever since KTG Energie took the first biogas plant into service in 2006,
the company has grown steadily. Today, KTG Energie has plants operating at
full load with a total output of 22.4 megawatts (MW). Many more plants are
at the start-up stage or under construction, which means that the 30 MW
mark will clearly be exceeded in 2012. 'The proceeds will enable us to
continue our growth strategy as planned and to distribute an attractive
dividend starting 2013,' Dr. Thomas Berger added.
KTG Energie operates in an attractive market environment, as biogas can
meet both baseload and peak load requirements it is an important element in
the move towards green energy. Moreover, the business model of KTG Energie
is very well plannable. On the one hand, the German Renewable Energy
Sources Act (EEG) guarantees a fixed feed-in tariff for the electricity
generated for a period of 20 years. On the other hand, KTG Energie benefits
from the integrated concept of KTG Agrar, which is one of the leading
agricultural companies in Europe and will remain the majority shareholder
also after the IPO. This means that the company's feedstock supply is
secured in the long term.
ABOUT KTG ENERGIE AG
Headquartered in Hamburg, KTG Energie AG (ISIN: DE000A0HNG53) specialises
in the production of green energy from renewable resources. The company has
operated biogas plants in Germany since 2006, covering the entire value
chain from planning to construction and operation. At present the company
has biogas plants with a production capacity of 22.4 megawatts running
under full load; a number of other plants are either in the start-up stage
or under construction. This total capacity is sufficient to supply close to
a quarter million people with clean green energy. Production capacity will
be expanded in the coming years. As a subsidiary of agricultural producer
KTG Agrar AG, the company benefits from long term access to renewable
feedstock supplies, in particular intercrops, grass and hay. KTG Energie
currently employs approximately 40 people and reported 2011 sales of EUR
21.5 million as well as an operating profit (EBIT) of approximately EUR 4
million.
ABOUT KTG AGRAR
With cultivable land of around 35,000 hectares, KTG Agrar AG (ISIN:
DE000A0DN1J4) is one of the leading producers of agricultural commodities
in Europe. As an integrated supplier, the company produces agricultural
commodities and renewable energy and food. The Hamburg-based company's core
area of expertise is the organic and traditional cultivation of market
products such as cereals, maize and rapeseed. For organic market products
KTG Agrar is the European market leader. The company mainly produces in
Germany but has also operated production in the EU member state of
Lithuania since 2005. The company's third mainstay is the production of
bio-energy. At present, KTG Agrar operates biogas plants with a total
capacity of around 30 megawatts. As a result of the takeover of Frenzel
Tiefkühlkost in 2011, KTG has expanded the value chain by the production of
food. In the year 2011, KTG achieved a total output of EUR 112,1 million
and EBIT of EUR 15,1 million. Since November 2007 the company is listed on
the Frankfurt Stock Exchange and has currently about 600 employees. Further
information can be found at www.ktg-agrar.de.
CONTACT
Investor Relations / Presse
Fabian Lorenz
IR.on AG
Phone: +49 221 914097-6
E-mail: fabian.lorenz(at)ir-on.com
DISCLAIMER
This press release does not constitute an offer to sell securities in the
United States of America, Canada, Australia, Japan or other jurisdictions
in which an offer is subject to statutory restrictions. The securities
mentioned in this press release may not be offered or sold in the United
States or to, or for the account or benefit of, US persons (as such term is
defined in Regulation S under the Securities Act of 1933 as amended (the
'Securities Act')) unless they are registered under the Securities Act or
exempt from registration. Subject to certain exceptions according to the
Securities Act the securities mentioned in this press release may not be
offered or sold in Australia, Canada or Japan or to, or for the account or
benefit of, Australian, Canadian or Japanese residents. A registration of
the offer or the selling of the securities mentioned in this press release
according to the respective legal provisions in Canada, Australia and Japan
will not take place. It is not intended to make a public offer of
securities in the United States.This information solely serves marketing
purposes and does not constitute a securities prospectus. Prospective
investors interested in the securities mentioned in this press release
should base their investment decision solely on the basis of information
provided by the securities prospectus regarding the offer of these
securities which has been approved by the German Federal Financial
Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht,
BaFin) and published by KTG Energie AG. Interested investors may obtain a
free copy of the securities prospectus directly from KTG Energie AG
(Ferdinandstr. 12, 20095 Hamburg, Germany; phone: +49-(0)40/76755-372, fax:
+49-(0)40/76755-374) or at www.ktg-energie.de/wertpapierprospekt. All
statements of opinion and/or belief contained in this press release and all
views expressed and all projections, forecasts or statements relating to
expectations regarding future events or the possible future performance of
KTG Energie AG or any corporation affiliated with KTG Energie AG only
represent the own assessments and interpretation by KTG Energie AG of
information available to it as of the date of this document. No
representation is made or assurance given that such statements, views,
projections or forecasts are correct or that they will be achieved as
described. Prospective investors must determine for themselves what
reliance (if any) they should place on such statements, views, projections
or forecasts and no responsibility is accepted by KTG Energie AG or any of
their respective affiliates or any of their advisors in respect thereof.
Thus, it is important, that prospective investors rely on their own
examination of the legal, tax, financial and other consequences of an
investment in KTG Energie AG, including the merits of investing and the
risks involved. Prospective investors must not treat the contents of this
document as advice relating to legal, tax or investment matters and are
advised to consult their own professional advisors concerning the
acquisition, holding or disposal of any investment in KTG Energie AG.
End of Corporate News
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27.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: KTG Energie AG
Ferdinandstr. 12
20095 Hamburg
Germany
Phone: +49 40 76755372
Fax: +49 40 76755374
E-mail: info(at)ktg-energie.de
Internet: www.ktg-energie.de
ISIN: DE000A0HNG53
WKN: A0HNG5
Listed: Entry Standard in Frankfurt
Notierung vorgesehen / Intended to be listed
End of News DGAP News-Service
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