Siemens Energy launches cash capital increase through accelerated bookbuilding

Siemens Energy announced that the executive board of Siemens Energy AG, with the approval of the supervisory board, resolved to launch a capital increase against cash contributions through partial utilization of the authorized capital. "The share capital of Siemens Energy will be increased by up to 10% by issuing new no-par value registered shares against cash contributions under the exclusion of shareholders’ subscription rights. The New Shares will carry full dividend rights for the current fiscal year as from 1 October 2022. The offer and sale of New Shares will be exclusively made to institutional investors in a private placement by way of an accelerated bookbuilding process. The private placement will be initiated immediately after this notification. The executive board of Siemens Energy, with the approval of the supervisory board, will determine and announce the final number of shares to be issued, the placement price and the final gross proceeds following the conclusion of the accelerated bookbuilding process. Following the private placement, Siemens Energy will be subject to a lock-up, i.e., an obligation not to, inter alia, issue further shares or financial instruments convertible into shares or to conduct a further capital increase, of 90 days, subject to certain market standard exemptions. Admission of the New Shares for trading in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange is expected to take place on 21 March 2023. Trading in the New Shares is expected to commence on 23 March 2023. It is intended to include the New Shares in the existing listings of the existing shares of Siemens Energy. The delivery of the New Shares to investors is scheduled for 23 March 2023," the company stated.