DGAP-News: ralos New Energies AG to strengthen equity sustainably - Capital increases resolved - Measures to boost balance sheet with total effect of up to EUR20 million


DGAP-News: ralos New Energies AG / Key word(s): Corporate Action
ralos New Energies AG to strengthen equity sustainably - Capital
increases resolved - Measures to boost balance sheet with total effect
of up to EUR20 million

29.06.2011 / 12:30

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ralos New Energies AG to strengthen equity sustainably - Capital increases
resolved - Measures to boost balance sheet with total effect of up to EUR20
million


Griesheim - 29 June 2011 - ralos New Energies AG, a national and
international service provider and project developer for roof-mounted
systems and solar farms, has conducted a thorough review of the company's
strategy under the management of its CFO and current CEO Martin Meurer. The
core elements of its future orientation will be a robust financial and
business structure allowing a constant flow of income, networked,
internationally geared sales and (cost) efficient project processes.

In this context, the Management Board has agreed a package of financial
measures that will boost the balance sheet by up to EUR20 million. The
significant improvement in all balance sheet ratios this entails will
sustainably enhance the company's ability to act on the capital market and
raise funds. At the same time, the scope of operations for acquiring and
implementing major projects will begin to broaden considerably.
This package also includes a capital increase with pre-emption rights of up
to 320,000 shares at a subscription price of EUR2.50. These have already
been bindingly subscribed to by current shareholders. Optimisation in
interest and tax expenses - a profit transfer agreement will also be
concluded between ralos Projects GmbH and ralos New Energies AG - and the
early repayment of a liability now possible will make positive
contributions to earnings and help to improve earnings per share.
Among the other key individual measures taken by the company, it has repaid
a loan agreement with Sabeco Management Beratung GmbH in the amount of
EUR2.65 million by issuing 840,000 shares, i.e. at a notional value
significantly in excess of the current market price of around EUR3.15; it
has thereby increased its share capital by EUR1,680,000. Shareholders are
also providing long-term financing of EUR4 million. In addition, current
liabilities of around EUR10 million have been converted into loans and
their repayment has been linked to earnings performance at ralos.

Furthermore, the company has already taken a series of measures in its
operational areas and initiated sales cooperation talks that should be
completed soon. Given the operative standing of the ralos Group, these
cooperations will enable further growth in its project pipeline.



Contact:
Company contact:
 
Registered address:
Dieselstraße 12
64347 Griesheim 

Mailing address:
Pfungstädter Str. 100a
64297 Darmstadt 

Tel.: +49 (0)6151 95165-0
Fax.: +49 (0)6151 95165-20
info@ralos-new-energies.com
www.ralos-new-energies.com



Investor relations contact:

GFEI Aktiengesellschaft
Am Hauptbahnhof 6 
60329 Frankfurt am Main
Tel.: +49 (0) 69 74 30 37 00
Fax: +49 (0) 69 74 30 37 22
ralos-new-energies@gfei.de
www.gfei.de


End of Corporate News

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29.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                              
Company:     ralos New Energies AG                                
             Kuhbergstr. 28                                       
             34131 Kassel                                         
             Deutschland                                          
Phone:       +49 (0)561-93 87 70                                  
Fax:         +49 (0)561-93 87 744                                 
E-mail:      info@ralos-new-energies.com                          
Internet:    www.ralos-new-energies.com                           
ISIN:        DE0005203004                                         
WKN:         520300                                               
Listed:      Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry  
             Standard in Frankfurt                                
             Notierung im Regulierten Markt vorgesehen            
 
End of News    DGAP News-Service  
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130100 29.06.2011