Heliocentris Energy Solutions AG Raises €10.6 million in Capital

28 Mar 2013

  • 1,775,157 new shares at a subscription price of 6.00 Euro successfully placed
  • Funding until break even based on current business planning secured

Berlin - 28 March 2013: Heliocentris Energy Solutions AG successfully placed 1,775,157 new shares equaling gross proceeds of EUR 10.65 Mio. The capital increase was carried out without subscription rights of the authorized capital based on management resolutions dated 21 March 2013. The new shares were subscribed at an issue price of EUR 6.00 per share by strategic investors and partners of the company. Upon entry in the Commercial Register the share capital will increase to 8,650,218 EUR.

Ayad Abul-Ella, CEO of Heliocentris Energy Solutions AG: "We are proud and grateful to have reached this important milestone for our company. With this transaction Heliocentris is financed until operational break even based on our current business plan. The trust we have received from our investors made this successful placement happen and sets the foundation for the sustainable and strong scaling ahead."

 

About Heliocentris Energy Solutions AG

Heliocentris develops, distributes and operates energy efficiency and autonomous power solutions to customers in industry, science and education worldwide. The company with headquarter in Berlin and branches in Munich, Dubai and Johannesburg was founded in 1995 and aims to replace diesel generators with economically viable "zero-emission-solutions". More information is available at www.heliocentris.com.

 

Source: Heliocentris Energy Solutions AG (emailed press release)


Industry Directory: Heliocentris Energy Solutions AG

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