DWK Deutsche Wasserkraft AG Initiates Cash Capital Increase with Subscription Rights

DWK Deutsche Wasserkraft AG has announced a cash capital increase, offering 552,116 new shares at EUR 1.60 each. The subscription period runs from December 4 to 17, 2024. The offer is available exclusively to existing shareholders, with a subscription ratio of 4:1. Any unsubscribed shares will be available to current shareholders through oversubscription.

This initiative aims to fuel DWK's strategic growth, aligning with its focus on small run-of-river hydropower plants in Scandinavia and the DACH region. Additionally, DWK intends a capital increase in kind to acquire Antares Hydropower, owned by board members, as a strategic move.

Support for this capital increase comes from mwb fairtrade Wertpapierhandelsbank AG, positioning DWK as a key player in the hydropower sector. The total gross issue volume is anticipated to reach EUR 883,385.