KATEK Carries Out Successful Capital Increase, Wins a Number of New Investors

Estimated reading time: 1 minute

KATEK SE has successfully placed the capital increase with subscription rights resolved on November 25. Despite a volatile market environment, there was high demand from existing and new investors.

Thus, making partial use of the existing Authorized Capital 2021/I, a total of 1,203,807 new no-par value bearer shares were successfully placed against cash contributions. Subject to the entry of the capital increase in the Commercial Register, the Company’s share capital will increase by EUR 1,203,807.00 from its current level of EUR 13,241,880.00 to EUR 14,455,687.00. As part of the short placement, unsubscribed shares and the shares of the main shareholder PRIMEPULSE SE were placed with institutional investors at a placement price of EUR 16.15 per new share after the end of the subscription period. PRIMEPULSE SE’s shareholding will be reduced by approximately 2% due to the disproportionate demand from other existing investors and new shareholders.

With the capital increase, the company will raise gross issue proceeds of approximately EUR 19.1 million.

Dr. Johannes Fues, CFO of KATEK SE, explains: “We have carried out the capital increase with subscription rights as planned. We are particularly pleased about the high participation of our existing investors. At the same time, we were able to inspire new investors to become involved, thus broadening the shareholder structure. This will also have a positive impact on the liquidity of the share.”

“The issue proceeds provide us with additional room for maneuver for further M&A activities and have clearly demonstrated that KATEK can continue to finance value-enhancing acquisitions through capital increases at any time,” added Rainer Koppitz, CEO and Co-Founder of KATEK SE.

The transaction was accompanied by Hauck Aufhäuser Investment Banking as sole bookrunner, while Dr. Alexander Thomas, GSK Stockmann, acted as legal advisor.