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HWA AG: Increase in capital by EUR 3.6 million

Affalterbach, May 20, 2020 – HWA AG successfully completed the ongoing capital increase with subscription right of the shareholders. During the two-week subscription offer, current shareholders obtained a total of 365,414 new shares. New investors could apply for unsubscribed shares as part of a private placement. Due to the extremely challenging environment for small and mid caps, HWA AG will not implement this placement.

The new shares were offered at a price of EUR 10.00. HWA AG achieved gross issuing proceeds from the capital increase amounting to a total of EUR 3,654,140.00. The measure increased the share capital by 365,414 shares to 5,991,914 shares.

The proceeds from the capital increase will be used for financing HWA AG’s further growth, in particular by financing future projects in the area of future technologies and customer sports as well as technological advancements and investments in project development.

The transaction was supported by ODDO SEYDLER BANK AG as Capital Markets Advisor.

Contact:
Investor Relations
HWA AG
Marc Schimmelpfennig
Benzstraße 8
71563 Affalterbach
Phone: + 49/ (0) 7144/ 8717- 279
Fax: + 49/ (0) 7144/ 8718- 111
ir@hwaag.com
www.hwaag.com

Corporate Profile HWA AG:
HWA AG is an independent, 360° engineering specialist in the fields of automobile racing and high-performance cars. Formed in 1998 by Hans Werner Aufrecht, the company is based in Affalterbach (Germany) and employs roughly 300 highly-qualified members of staff HWA AG offers all its products and services under the motto ENGINEERING SPEED: The company’s objective is to develop the best possible, high-quality solutions, in order to get its partners and customers to their destination quicker. The portfolio of services ranges from designing all vehicle components to assembling complete cars, together with the relevant logistics, after-sales and support services.