Meyer Burger Completes Capital Increase, Raises CHF 206.75 Million

Meyer Burger Technology AG announced the successful completion of its capital increase, achieving gross proceeds of CHF 206.75 million. This follows the company's rights offering, where all new shares not subscribed were placed with various institutional investors at a placement price corresponding to the stock's closing price on April 2, 2024. This move results in the issuance of over 20 billion new registered shares and signals confidence in Meyer Burger's financial strategy and future growth.

The newly issued shares are expected to begin trading on the SIX Swiss Exchange on April 5, 2024, with the same date set for the delivery of these shares. This capital injection significantly boosts Meyer Burger's share capital, showing the company's robust approach to securing its financial footing and potentially fueling its future expansions and investments. The announcement underscores Meyer Burger's commitment to strengthening its position in the market and enhancing shareholder value through strategic financial management.