Altech Advanced Materials AG: Management Board and Supervisory Board propose capital increase

Heidelberg (pta035/22.04.2021/19:00) - The Management Board and the Supervisory Board of Altech Advanced Materials AG have decided today, during the balance sheet meeting of the Supervisory Board, to submit a proposed resolution for an ordinary capital increase against cash contributions to the company's Annual General Meeting scheduled for May 20, 2021. The proposed resolution is in connection with loss notifications pursuant to section 92 of the German Stock Corporation Act (AktG), which are also on the agenda, and serves to recapitalize the Company. It is proposed to increase the capital stock by up to EUR 6,452,630.00 by issuing up to 6,452,630 new no-par value registered shares, whereby the shareholders are to be granted an indirect subscription right with the intermediation of a bank in the ratio 2:5 (every two old shares grant a subscription right to five new shares). The subscription price is to be EUR 1.00 per new share. In addition to the ordinary capital increase, authorized capital is also to be created.

Further details can be found in the invitation to the Annual General Meeting, which will be published in soon in the Federal Gazette and on the Company's website at https://www.altechadvancedmaterials.com/de/hauptversammlung-2021.

The Executive Board

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