Noerr advises Meta Wolf AG on rights issue

A Noerr team led by Stephan Schulz has advised Meta Wolf AG on a rights issue.

On 13 July 2023, the company’s annual general meeting resolved the ordinary capital increase against cash contributions. On 20 October 2023, the further details for implementing the capital increase were determined. As part of the capital increase, the share capital of the company will be increased by issuing 9,965,925 no-par value bearer shares. This is equivalent to an increase of 66 per cent of the previous share capital.

The public subscription offer is made on the basis of a securities prospectus approved by the German financial regulator BaFin, which was published on the company’s website on 20 October 2023. The capital increase is secured by a fixed subscription and backstop agreement of LUBANCO PTE Ltd and major shareholder Thomas Wolf.

Meta Wolf AG is expecting gross issue proceeds of around €37.9 million from the capital increase. The net issue proceeds are to be used to implement the company’s growth strategy and to develop new business areas, particularly in the field of renewable energies and the recently acquired tile business.

On the banking side, the transaction was coordinated by B. Metzler seel. Sohn & Co. Aktiengesellschaft.

Noerr advises Meta Wolf AG on an ongoing basis on issues relating to stock corporation and capital markets law.

Advisors to Meta Wolf AG: Noerr Partnerschaftsgesellschaft mbB

Team lead: Stephan Schulz (partner, Capital Markets, Hamburg)

Capital Markets
Laurenz Wieneke (partner), Philipp Schmoll (associated partner, Frankfurt)
Juri Stremel (senior associate), Bastian Stromann (associate, Hamburg)