GLNS advises clearvise AG on capital increase against cash contributions under exclusion of subscription rights

GLNS advises clearvise AG, which is listed on the Hamburg, Dusseldorf and Munich stock exchanges, in connection with a capital increase from authorized capital against cash contributions under exclusion of subscription rights in the amount of approximately EUR 12 million.

clearvise AG is a company active in the field of renewable energies. The company holds numerous investments in project companies throughout Europe for the operation of wind turbines and solar parks. After having already consummated a capital increase with subscription rights in the amount of approximately EUR 8 million last April, the management board and supervisory board of the company have now resolved a further capital increase from authorized capital against cash contributions under exclusion of the shareholders’ subscription rights in the amount of approximately EUR 12 million. A total of 4,900,000 new shares were placed with institutional investors by way of a private placement.

The proceeds from the capital increase shall be used for the acquisition of further photovoltaic projects as part of a portfolio transaction with ALTUS AG as well as for possible further acquisition opportunities in 2021 in line with the company’s further growth strategy. The new shares from the capital increase will be included in the existing listing on the Hamburg, Dusseldorf and Munich stock exchanges.

GLNS advises clearvise AG comprehensively on stock corporation and capital markets law in connection with the capital increase with partner Dr. Bernd Graßl and counsel Dr. Veronika Montes. On the banking side, the capital increase is accompanied by M.M.Warburg & CO (AG & Co.) KGaA, Hamburg, as sole bookrunner.

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