DGAP-News: Eco Supplies to Raise New Capital Through Capital Increase
(firmenpresse) - Eco Supplies Europe AG / Key word(s): Capital Increase
02.11.2010 18:00
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Eco Supplies to Raise New Capital Through Capital Increase
Gothenburg, 2010-11-02
Eco Supplies Europe AB announced today that the company has decided to
raise up to 2 168 011 EUROS through a public placement. A prospectus,
approved by the Swedish Financial Supervisory Authority
('Finansinspektionen'), is available in Swedish on Eco Supplies' website:
www.ecosupplies.eu. An English version will be published before the
2010-11-08.
The proceeds of the fund raising will be used to strengthen the company's
balance sheet and to invest further into the recently acquired PV
production plant in Gällivare, as well as to strengthen the company's
e-commerce activities.
The terms of the Public Placement are as follows:
Subscription Period: 2010-11-05 through 2010-12-01
Price Per Share: EUR 1,42
Maximum amount of emitted shares: 1,526,792
Dilution for existing shareholders: 16,6%
In case the issue is oversubscribed, the company reserves the right to
place a maximum addition of 710 569 shares for existing shareholders.
Mr. Fredrik Staël von Holstein, Chief Executive Officer of Eco Supplies
Europe AB, comments:
'Eco Supplies is currently undergoing heavy expansion and we are happy with
the way in which our PV production facility, Eco Supplies Solar AB, is
developing. The market for PV modules is expected to grow by nearly
100%this year and by approximately 40% during 2012 after and the demand for
our products is high. The company will now focus on further automating Eco
Solar's plant in Gällivare, to improve our margins and revenues, as well as
on growing our revenues through new capacity and by moving into system
integration for our Solar business. We are looking forward to successful
years ahead'.
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For more information about the Eco Supplies Group, please visit
www.ecosupplies.eu or contact us via email: info(at)ecosupplies.eu or by
telephone - CEO Fredrik Staël von Holstein: +49 172 430 17 98.
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About Eco Supplies Europe AB: visit www.ecosupplies.eu
Eco Supplies Europe AB is a Swedish holding company that is listed on
Deutsche Börse (www.boerse-frankfurt.de). The company's shares are trading
on Xetra under the ticker 7C0. It is a fast growing company with activities
in Renewable Energy Supplies and Ecological Office Supplies.
About Eco Supplies Solar AB: visit www.ecosupplies.eu
Established in 1992 and formerly known under the brand name Gällivare
PhotoVoltaic AB, Eco Supplies Solar was the first company of its kind in
northern Europe and it is still one of the largest Scandinavian producers
of high quality Solar Power Modules. Total yearly production capacity is 50
MW and in 2009 the company reached sales of EUR 49.9 Million.
02.11.2010 18:00 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Datum: 02.11.2010 - 18:00 Uhr
Sprache: Deutsch
News-ID 32469
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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"DGAP-News: Eco Supplies to Raise New Capital Through Capital Increase"
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Eco Supplies Europe AG (Nachricht senden)
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