Meyer Burger Technology AG: Start of Subscription Period and Rights Trading

• Existing shareholders who are holding Meyer Burger shares at the close of trading on October 31, 2022 should be allotted 1 subscription right per existing share held. Holders of 20 subscription rights are entitled to purchase 7 new shares at a price of CHF 0.267 per new share.
• Trading of subscription rights at the SIX Swiss Exchange starts on November 1, 2022 and ends on November 7, 2022. The subscription period starts on November 1, 2022 and ends at 12:00 p.m. (noon) CET on November 9, 2022. First trading day of the new registered shares and settlement will be on November 11, 2022.

At the Extraordinary General Meeting held in Thun on 28 October 2022, the shareholders of Meyer Burger Technology Ltd ("Meyer Burger" or the "Company") approved the proposal of the Board of Directors regarding the agenda item with 98.58 percent of the votes to carry out an ordinary capital increase by issuing up to 934,671,850 new registered shares with a par value of CHF 0.05 per registered share. The funds from the planned capital increase are expected to enable Meyer Burger to expand annual manufacturing capacity for solar cells and solar modules to approximately 3 GW. At the Extraordinary General Meeting, a total of 1,111,844,450 shares (41.63 percent of the shares issued) were represented by 302 shareholders on site.

Meyer Burger shareholders are expected to receive one subscription right for each registered share they hold as of October 31, 2022 (after close of trading). The subscription rights will be transferable and tradable via the envisaged rights trading on SIX Swiss Exchange. 20 subscription rights grant their holders the right to subscribe to 7 new shares, subject to certain restrictions applicable to the offer of subscription rights, including legal restrictions in foreign jurisdictions.

Shareholders should receive in due course information from their custodian bank on the implementation of the ordinary capital increase and are requested to proceed in accordance with the instructions of the custodian bank if they wish to subscribe for shares and exercise their subscription rights. 

Timing of the capital increase and rights issue

In connection with the ordinary capital increase, the initial conversion price of the outstanding convertible bond (ISIN: CH1118223390) will be adjusted. The adjusted conversion price will be published on the Company's website on November 1, 2022.
 

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