EQS-ad hoc: tubesolar AG / Keywords: corporate actions / fundraising
Tubesolar AG: Tubesolar AG waives the issuance of bonds 2022/2026.
December 2, 2022 / 16:40 CET/CEST
Transmitted by EQS News (a service of EQS Group AG) in accordance with Article 17 MAR of Regulation (EU) No 596/2014 for the disclosure of inside information.
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Augsburg, December 2, 2022 – The Management Board of tubesolar AG (ISIN DE000A2PXQD4) in Bayreuth today announced, with the approval of the Supervisory Board, of the convertible bonds 2022/2026 offered under the following circumstances: Decided not to publish. Subscription offers to shareholders and subsequent private placements, and cancellation of already submitted subscriptions.
In our view, the extremely low issuance volume achieved does not justify the administrative costs of public convertible bonds.
About TubeSolar AG (www.tubesolar.de)
TubeSolar AG, as a spin-off, took over the lab production of OSRAM/LEDVANCE in Augsburg and received patents from LEDVANCE and Dr. Vesselinka Petrova-Koch. Since 2019, TubeSolar AG has been using this patented technology to develop and manufacture solar thin film tubes that are joined together to form modules, the properties of which make them superior to conventional solar Allows for additional application opportunities in photovoltaics compared to modules. This technology is used above all in the agricultural sector and spans agricultural production areas. This module can also be used on industrial and commercial roofs. In the next few years, we plan to expand production in Augsburg to an annual capacity of 250 MW.
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2 December 2022 CET/CEST EQS distribution service includes regulatory announcements, financial/corporate news and press releases.
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