Umweltkontor Renewable Energy AG
Ad hoc-Service: Umweltkont. Renew. Energy Englis
Ad hoc-announcement edited and sent by DGAP.
The sender is responsible for the contents of this announcement.
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Erkelenz, May 14, 2001
Umweltkontor Renewable Energy Aktiengesellschaft: Cash capital increase
implemented successfully
Umwettkontor Renewable Energy Aktiengesellschaft is announcing the successful
implementation of a cash capital increase with shareholders’ subscription rights
excluded. The company’s share capital has been increased by EUR 780,000.00 from
EUR 8,000,000.00 to EUR 8,780,000.00 by issuing 780,000 new no-par value shares.
An underwriting consortium lead managed by HypoVereinsbank AG placed the 780,000
new shares with institutional investors both in Germany and abroad at a price of
EUR 50, corresponding to a total issuing volume of EUR 39 Mio.
The capital increase will accelerate the completion of a well-filled project
pipeline totaling approximately 1,500 MW (including 740 MW off-shore) and worth
EUR 2 billion in sales, within the coming years.
In addition, Umweltkontor plans to take this opportunity to acquire and begin
developing extensive projects totaling up to 1,000 MW (sales volume of about
EUR 1.2 billion) in its key target markets of Spain, Italy and Greece by the end
of the year. These projects are expected to be completed by 2005. Furthermore,
the capital increase will serve to finance the acquisition of companies in
Umweltkontor AG’s main European target markets.
Contact:
Umweltkontor Renewable Energy Aktiengesellschaft
Brüsseler Allee 23
41812 Erkelenz
Germany
Investor Relations
Phone: +49 – 2431-9452 304
Fax: +49 – 2431-9452 199
e-mail: ir@umweltkontor.com
http://www.umweltkontor.com
End of Message
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