PUBLICATION OF INSIDER INFORMATION IN ACCORDANCE WITH ARTICLE 17 MAR

HWA AG resolves capital increase against cash contributions excluding subscription rights

Affalterbach, 24 February 2022 - The Executive Board of HWA AG has resolved, subject to the approval of the Supervisory Board, to increase the Company's share capital by 10% against cash contributions using the authorised capital 2020. The approval of the Supervisory Board is expected in the near future. To this end, the company's share capital is to be increased by a nominal amount of 599,191.00 euros from 5,991,914 euros to 6,591,105.00 euros through the issue of a total of 599,191 new no-par-value bearer shares, with the simplified exclusion of shareholders' subscription rights. The proceeds from the capital increase are intended to strengthen the equity capital of HWA AG.

 

The new shares are to be subscribed by Aufrecht GmbH and Dörflinger Management & Beteiligungs GmbH ("DMB") in a prospectus-free private placement. Aufrecht GmbH is represented by Hans Werner Aufrecht and DMB by Willibald Dörflinger. Both gentlemen are among the major shareholders of HWA AG and are also members of the company's Supervisory Board. The placement is expected to be completed shortly. The placement price has been set at 7.60 euros and is thus not significantly lower than the current stock exchange price of HWA AG shares. The new shares are to be admitted to trading on the Open Market of the Frankfurt Stock Exchange with simultaneous inclusion in the "Basic Board" segment. The company expects gross issue proceeds of 4.55 million euros from the placement.

  

Contact
Investor Relations/Presse
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

About 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 around 300 highly-qualified members of staff. HWA AG offers all its products and services under the corporate slogan 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.