Mubadala Investment Company and Novo Holdings A/S Invest € 250 million in Evotec SE

Rhea-AI Summary

Evotec SE (OTC PINK:EVTCY) announced a capital increase via a private placement, issuing 11,478,315 new shares without pre-emptive rights. Mubadala Investment Company will invest €200 million for 9,182,652 shares at €21.78 each, representing approximately 5.6% of outstanding shares. Novo Holdings A/S will contribute €50 million for 2,295,663 shares, maintaining an 11% stake. The share placement was at a 2.5% discount to the five-day volume weighted average price. The capital increase aims to strengthen Evotec's position in the biotech industry while maintaining its 2020 business outlook.

Positive

• New strategic investor Mubadala Investment Company enhances financial stability and expertise.
• Novo Holdings A/S reinforces its stake, indicating confidence in the company's long-term prospects.

Negative

• None.

HAMBURG, GERMANY / ACCESSWIRE / October 12, 2020 / Evotec SE (FSE:EVT)(OTC PINK:EVTCY)(MDAX/TecDAX, ISIN: DE0005664809, WKN 566480) today announced that it resolved on a capital increase from its authorised capital without pre-emptive rights against cash. Evotec will issue a total of 11,478,315 new shares to Mubadala Investment Company and Novo Holdings A/S.

In this private capital increase, Mubadala Investment Company will invest € 200 million to subscribe 9,182,652 Evotec shares at a share price of € 21.7802 per share representing approx. 5.6% of outstanding shares. Evotec gains with Mubadala Investment Company a new long-term strategic oriented shareholder with extensive experience and expertise in the biotech industry. Evotec's existing long-term shareholder Novo Holdings A/S will invest € 50 million to subscribe 2,295,663 shares of Evotec at a same share price to reinforce its ownership at approx. 11.0%, to secure financial flexibility for the Company.

The placement was made at 2.5% discount to the five-day volume weighted average price ("VWAP") of € 22.3387 prior to the Xetra closing auction on 12^th October 2020. After the registration of the capital increase in the commercial register, the share capital of the Company will increase to € 163,375,808 or 163,375,808 ordinary bearer shares.

While maintaining the business outlook 2020 unchanged, Evotec will be using the proceeds from the capital increase to pursue its unique strategy to become the global leading platform company for the modality-agnostic development of innovative first-in-class and best-in-class therapeutic approaches resulting in a very large co-owned pipeline.

CONTACT:
Dr Werner Lanthaler
Chief Executive Officer
Evotec SE
Manfred Eigen Campus
Essener Bogen 7
22419 Hamburg, Germany
Phone: +49.(0)40.560 81-242
Email: werner.lanthaler@evotec.com

SOURCE: Evotec AG via EQS Newswire

View source version on accesswire.com:
https://www.accesswire.com/610212/Mubadala-Investment-Company-and-Novo-Holdings-AS-Invest-250-million-in-Evotec-SE

FAQ

What is the significance of Evotec SE's capital increase announcement on October 12, 2020?

Evotec SE announced a capital increase through a private placement to raise €250 million, enhancing its financial flexibility.

How much will Mubadala Investment Company invest in Evotec SE?

Mubadala Investment Company will invest €200 million to acquire approximately 9,182,652 shares of Evotec SE.

What will be the impact of the capital increase on Evotec's share capital?

After the capital increase, Evotec's share capital will rise to €163,375,808 with 163,375,808 ordinary bearer shares.

What percentage of shares does Novo Holdings A/S own after the capital increase?

After the capital increase, Novo Holdings A/S will own approximately 11% of Evotec SE.