Münchenstein, 27 June 2024: aventron AG (ISIN CH0023777235), a leading European producer of green electricity, announced today that it has successfully completed a capital increase of CHF 60 million. The additional capital will be used to finance new renewable energy projects. The majority of aventron's long-term shareholders participated in the capital increase.
Aventron, based near Basel, Switzerland, is pursuing a targeted and balanced growth strategy in the field of renewable electricity generation from hydropower, wind, and solar energy. To realise new projects in the field of renewable energies and achieve its growth targets, the company has raised new funds in the form of equity. The company plans to realise a diversified and balanced portfolio of renewable energies with a total installed capacity of 1,000 MW by the end of 2030 (status at the end of 2023: 778 MW).
The Annual General Meeting on 25 April 2024 approved the capital increase. This was carried out while safeguarding the subscription rights of existing shareholders and was successfully completed on schedule at the end of June. 4,800,000 new registered shares with a nominal value of CHF 1.00 each were subscribed at an issue price of CHF 12.50 and paid out in cash. As a result, aventron received fresh capital in the amount of CHF 60 million. aventron AG's market capitalisation has thus reached a value of around CHF 737 million.
Eric Wagner, CEO of aventron, explains: "The pleasing result is a clear sign of confidence in the positioning, development and strategy of our company. Many European countries are implementing the energy transition at a rapid pace, and the political and legal framework in Europe favours climate-friendly investments".
With the tenth capital increase since its foundation in 2005, aventron was able to serve its existing investor base as well as attract new new institutional investors. The majority of aventron's long-standing aventron shareholders participated in the capital increase. The new shares are expected to be tradable via the OTC-X of BEKB for the first time on 15 July 2024. aventron is a member of the Top 50 OTC-X Index. All new aventron registered shares are fully entitled to dividends for the 2024 entitled to dividends.
Further informations: medien@aventron.com