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par Neon Equity AG (isin : DE000A3DW408)

EQS-Adhoc: NEON EQUITY AG plans to acquire First Move! AG as part of a non-cash capital increase to enter the automated parking and parking garage technology market

EQS-Ad-hoc: NEON EQUITY AG / Key word(s): Investment/Miscellaneous
NEON EQUITY AG plans to acquire First Move! AG as part of a non-cash capital increase to enter the automated parking and parking garage technology market

27-Sep-2024 / 11:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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NEON EQUITY AG plans to acquire First Move! AG as part of a non-cash capital increase to enter the automated parking and parking garage technology market

  • Extraordinary General Meeting of NEON EQUITY to decide on capital increase in kind and change of name to “DN Deutsche Nachhaltigkeit AG”

Frankfurt am Main, September 27, 2024 - The Management Board of NEON EQUITY AG (“NEON EQUITY”, ISIN DE000A3DW408) today decided to convene an Extraordinary General Meeting of NEON EQUITY and to propose to it the resolution on the acquisition of 88% of the shares in the Swiss company First Move! AG (“First Move”) by way of a capital increase against contribution in kind under exclusion of shareholders' subscription rights (“Transaction”).

First Move has a patented parking and parking garage technology that achieves an increase in parking garage space productivity of over 100% compared to a conventional parking garage. The solution - which is also suitable for retrofitting - significantly reduces pollutant emissions and space requirements and also significantly increases the capacity for charging electric vehicles. The Management Board sees the opportunity to develop NEON EQUITY into a leading player in the rapidly growing market for “automated parking” in the medium term with this business model. The strategic focus of its business model on sustainable investments will be accompanied by the renaming of NEON EQUITY to “DN Deutsche Nachhaltigkeit AG”.

The resolution was immediately preceded by an agreement with the shareholders of First Move on the key points and the implementation of the transaction. SP 1 Equity GmbH, Frankfurt am Main (“SP 1”), which is also a major shareholder with a stake of more than 25% in NEON EQUITY, currently holds 88% of the shares in First Move to be contributed as a contribution in kind.

The intended capital increase against contributions in kind is to be carried out in return for the granting of 30,000,000 new NEON EQUITY shares to SP 1. The exchange ratio is to be approx. 340,909:1, i.e. SP 1 is to receive approx. 340,909 new NEON EQUITY shares for each First Move share. The exchange ratio is based, on the one hand, on an expert valuation of First Move of around EUR 118.8 million, whereby a lower valuation of EUR 89.1 million was agreed with SP1 of First Move for the transaction. On the other hand, the exchange ratio is based on a valuation of the new NEON EQUITY shares of EUR 2.50, i.e. a premium of around 58% percent on yesterday's closing price of NEON EQUITY shares in XETRA trading.

The implementation of the capital reductions resolved at the Annual General Meeting of NEON EQUITY on May 28, 2024 under agenda items 12 and 13 is uncertain due to an action for rescission. If the capital increase against contributions in kind is resolved by the Extraordinary General Meeting of NEON EQUITY, the aforementioned capital reductions would be canceled.



End of Inside Information

Information and Explanation of the Issuer to this announcement:

About NEON EQUITY

NEON EQUITY AG invests in ESG-compliant companies with high growth opportunities in future industries such as AI, mobility, nutrition, health and energy and accompanies them in successful IPOs. NEON EQUITY is one of the leading providers in advising on IPOs and capital market transactions and connects fast-growing ESG companies with international institutional investors. NEON EQUITY pursues a sustainable and stock market relevant strategy and advises its portfolio partners independently of banks on all capital market instruments.

Investor Relations and Media Relations

edicto GmbH
Axel Mühlhaus / Svenja Liebig
+49 69 90550 5-50
neon@edicto.de
www.neon-equity.com


27-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:English
Company:NEON EQUITY AG
Mörfelder Landstraße 277
60598 Frankfurt
Germany
E-mail:info@neon-equity.com
ISIN:DE000A3DW408, DE000A383C76
WKN:A3DW40
Listed:Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich
EQS News ID:1997431

 
End of AnnouncementEQS News Service

1997431  27-Sep-2024 CET/CEST

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