LION E-Mobility AG executes capital increase from authorized capital
Baar (CH), 3 June, 2022 – LION E-Mobility AG, a listed Swiss holding company with promising strategic investments in the e-mobility sector, especially in the field of electrical energy storage and lithium-ion battery system technology, has today decided to increase the share capital from authorized capital. The unanimous resolution of the Board of Directors was based on the authorization granted by the extraordinary general meeting dated June 30, 2021, and with reference to art. 3a of the articles of association regarding the authorized share capital.
The share capital increased by 2,330,000 shares from 10,032,633 to 12,362,633 shares and now amounts to CHF 1,607,142.29. Anchor strategic investor Ian Mukherjee subscribes for the shares at an issue price of EUR 2.60 per registered share, for a total of EUR 6,058,000.00 (rounded).
Ian Mukherjee, Member of the Board of Directors of LION E-Mobility AG, anchor strategic investor and largest shareholder of LION E-Mobility AG, said: “The company has made great progress in the past year. We are now moving into series production of packs with the recent acquisition, I could not be more excited about our future”.
Alessio Basteri, Chairman of the Board of Directors of LION E-Mobility AG, commented: “Especially in the current phase, a stable investor structure is invaluable for LION E-Mobility AG – not only in terms of liquidity, but also because it shows commitment to our strategy. This enables us to take over the new business line from BMW and to concentrate fully on our planned activities and the strategic development of the company. I finally confirm that, once more, the company as a whole and thus all shareholders will benefit from this.”
Winfried Buss, Managing Director of LION Smart GmbH, said: “I am very grateful to Ian for his continued support. This capital increase will help the LION Group to tackle new important projects, further develop and create sustainable value for the shareholders.”
About LION E-Mobility AG:
LION E-Mobility AG is a listed Swiss holding company founded in 2011 with promising strategic investments in the e-mobility sector, especially in the field of electrical energy storage and lithium-ion battery system technology. The company holds 100% of the German LION Smart GmbH, a developer of battery packs and battery management systems. LION Smart GmbH also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a successful joint venture with TÜV SÜD AG. LION E-Mobility AG also holds 100% of the shares in LION E-Mobility North America Inc. and 100% of the German LION Smart Production GmbH.
Responsible for the press release: Board of Directors LION E-Mobility AG
LION E-Mobility AG
Alessio Basteri
Chairman of the Board
LION E-Mobility Investor Relations
Frank Schönrock (Weber Shandwick)
Phone: +49 (0) 1737025315
E-Mail: ir@lionemobility.com | www.lionemobility.com
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Arne Siegner
Phone: +41 (0) 41 500 54 11
E-mail: ir@lionemobility.com | www.lionemobility.com
Disclaimer:
Statements that express or contain forecasts, expectations, views, plans, goals and assumptions regarding future events or performance are not considered historical facts and may therefore be forward-looking statements. Forward-looking statements are based on the expectations, estimates and plans at the time the statements were made, and therefore involve a number of risks and uncertainties that could cause actual results or events to differ materially from those currently anticipated become. LION E-Mobility AG is under no obligation to update the forward-looking statements in this press release.
