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Ad-hoc Announcement: SYSTAIC convertible bond successfully placed
The convertible bond 2009/2013 issued by systaic AG was fully placed within the context of a subscription rights offer with current shareholders and subsequent private placement with investors in Germany and abroad. A convertible bond was issued, subdivided into 157,895 convertible bonds with a nominal value of € 100.00 each. systaic AG will receive cash proceeds of € 19.74 million less transaction costs. The company intends to employ the funds to back up its growth strategy and for possible strategic investments.
The term of the convertible bond begins on 15 September 2009. Conversion rights may be exercised from 28 September 2009 until the 20th working day prior to the final due date.
SYSTAIC at a Glance
systaic AG specialises in efficient and aesthetically pleasing solar power solutions: The strategic core product for consumers is the future-oriented SYSTAIC Energy Roof for buildings, a multi-awardwinning energy system for electricity and heat generation. The portfolio also includes the development and installation of integrated photovoltaic industrial solutions.
In its SYSTAIC Energy Roof Systems business unit, SYSTAIC is developing, manufacturing, marketing and installing a new generation of complete solar systems all over Europe, which stand out significantly in terms of their technology and appearance from the other systems currently available on the market. The SYSTAIC Energy Roof offers comprehensive and homogenous total solutions for every style of roof.
The SYSTAIC Industrial Solutions business unit builds turnkey solar power plants in Germany and abroad for partners in the financial and property sector. Within this segment, systaic AG is also implementing its strategy of concentrating on integral solar systems.
Subsidiaries of systaic AG are systaic Portugal (Sistemas Energéticos de Portugal Lda), Lisbon, systaic Americas Inc., Carlsbad, systaic France S.A.R.L., Paris, systaic Hellas M.EPE, Athens, systaic Ibérica S.L.U., Barcelona, systaic Italia S.r.L., Milan and systaic sourcing AG & Co., Düsseldorf, systaic Technologies GmbH, Düsseldorf.
