|Number of shares||5,710,869|
|Commencement of trading||16.06.2009|
|Stock market segments||
Stock Exchanges of Düsseldorf and Frankfurt, XETRA Trading,
|Securities identification number||A2E4L4|
Pyrolyx announces preliminary figures for 2017 and revised capital requirements planning
The preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) of the Pyrolyx Group for the financial year 2017 amounts to a loss of around EUR 6,5 million (compared to a loss of EUR 4,5 million in 2016) ...
The preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) of the Pyrolyx Group for the financial year 2017 amounts to a loss of around EUR 6,5 million (compared to a loss of EUR 4,5 million in 2016). The Pyrolyx Group`s revenue in 2017 was about EUR347,000 up from EUR234,000 the previous year.
As a part of the implementation of the public offer in Australia and in some other nonEuropean jurisdictions, Pyrolyx AG today signed a firm underwriting agreement subject to normal standard market conditions with Moelis Australia Advisory Pty. Ltd (Sydney Australia) for 1,599,396 new shares totaling approx. EUR 23.5 million pre-transaction fees.
Pyrolyx AG has announced that a debt financing agreement for $US30 million has been signed with the help of Investment Bank Piper Jaffray & Co. (USA). The loan for the construction of the first production plant in Indiana, USA, bears interest of 7.25% p.a. and will mature in December 2028. The debt financing commitment is conditional on the availability of the equity required to finance the project.
With Pyrolyx’s Supervisory Board having endorsed the company’s annual accounts for 2015, they have now been formally approved in accordance with Section 172 AktG German Stock Corporation Act. The financial statements for the year ending December 31, 2015 have been audited and awarded an unqualified audit opinion by the auditor. The cash capital increase decided on April 28, 2016 was placed by issuing 111,878 new shares at €11.00 per share and entered in the Register of Companies on June 30, 2016. The company’s total share capital is now €2,918,083. The funds raised amounting to €1,230,658 – before costs – will be used to finance further business development.