Ralos New Energies AG
ralos New Energies AG announces rights issue

Ralos New Energies AG  / Key word(s): Corporate Action

11.10.2010 08:50
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ralos New Energies AG announces rights issue

  - Placement of 429.000 shares

  - Firm order for 240.000 shares by major shareholder ING Investment
    Management

  - Proceeds to be used to expand business

 

Griesheim, 11th of October 2010: The Management Board and the Supervisory
Board of ralos New Energies AG have decided to increase the share capital
by issuing up to 429.000 bearer shares from approved share capital.
Placement will proceed without granting pre-emption rights to existing
shareholders in accordance with paragraph 186 section. 3 S. 4 of the German
Aktiengesetz (AktG). A firm commitment to sign up for approx. 240.000
shares has been received by the major shareholder ING Investment Management
(Europe) B.V., Den Haag, Netherlands, who already holds 27.4 percent of the
share capital. After full placement of all shares ING's holding will
increase to 29.5%. The remaining shares will be offered German and
international institutional investors. The proceeds are to be used for
increased project development and to increase the company's flexibility to
react to market developments in the photovoltaic business. Close Brothers
Seydler Bank AG acted as Sole Bookrunner on this transaction.

The Group's improving market position is evidenced by the development of
sales and profits. In accordance with IFRS accounting standards, the
Group's sales in the half year year to June 30, 2010, amounted to EUR 59.9
million (2009 full year 81.4 million) and EBIT to Euro 1.4 million (2009
full year minus 7.4 million). On June 30, 2010, the equity ratio was 15.5
percent of assets totaling Euro 63.3 million (December 31, 2009: 17.1
percent of Euro 54.9 million).

Selected IFRS financial information per 31.12.2009 and 30.6.2010 is
available from the Company's website www.ralos.de.





About Ralos New Energies AG: Ralos New Energies AG (formerly BGI EcoTech
AG) specialises in the growth market of regenerative energies, particularly
photovoltaics. The company, which was founded in 1990, is a management
holding company. With subsidiaries and distributors in Germany, Austria,
Spain, Italy, Canada, Czech Republic and Dubai, Ralos is represented in the
most important and potentially fastest growing international markets. Ralos
Vertriebs GmbH, one of Europe's leading systems solutions providers in the
field of photovoltaics, is the company's most important holding.

The company develops, plans, builds and operates innovative photovoltaics
plants, ranging from private solar electricity systems to large-scale
high-output plants of all sizes for industrial clients.



Contact:
Company contact:
 
Registered address:
Dieselstraße 12
64347 Griesheim 

Mailing address:
Pfungstädter Str. 100a
64297 Darmstadt 

Tel.: +49 (0)6151 95165-0
Fax.: +49 (0)6151 95165-20
info@ralos-new-energies.com
www.ralos-new-energies.com



Investor relations contact:

GFEI Aktiengesellschaft
Hamburger Allee 26-28 
60486 Frankfurt am Main
Tel.: +49 (0) 69 74 30 37 00
Fax: +49 (0) 69 74 30 37 22
bgi-ecotech@gfei.de
www.gfei.de


11.10.2010 Dissemination of a Corporate News, transmitted by DGAP - 
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Language:     English
Company:      Ralos New Energies AG
              Kuhbergstr. 28
              34131 Kassel
              Deutschland
Phone:        +49 (0)561-93 87 70
Fax:          +49 (0)561-93 87 744
E-mail:       info@ralos-new-energies.com
Internet:     www.ralos-new-energies.com
ISIN:         DE0005203004
WKN:          520300
Listed:       Freiverkehr in Berlin, Stuttgart; Entry Standard in Frankfurt
 
End of Announcement                             DGAP News-Service
 
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