FASTNED B.V. - Long term strategic investment via a private placement from Schroders Capital in order to support Fastned's future growth
- Proceeds of 75 million euro to be used a.o. to further expand European network
- 2,032,520 new depositary receipts issued at EUR 36,90 each and placed with Schroders Capital, representing a 10.61% stake post closing
- Schroders Capital to be represented in supervisory board of Fastned through one additional supervisory board member
Amsterdam, October 17 2022. Fastned, the European fast charging company, today announces a 75 million euro private placement of 2,032,520 new depositary receipts representing the same number of new ordinary shares in the capital of the company with Schroders Capital, the private markets investment division of global asset manager Schroders.
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Michiel Langezaal, CEO of Fastned commented on the placement: "I'm very pleased to welcome Schroders Capital as a long-term investor to Fastned. This not only provides Fastned with the funding to continue to roll out our network, enabling us to make the next big step towards reaching our goal of 1,000 stations before 2030. It also marks the start of a new phase with Schroders Capital's large institutional sustainable infrastructure fund coming on board as an anchor investor, taking a long-term perspective on our business and industry, and being willing to actively support our growth plans.
"Their decision to play a part in the acceleration away from fossil fuels, towards a sustainable future and energy independence, at a time in which energy markets are turbulent and economic and geo-political circumstances uncertain, is admirable and something I applaud.
"With Schroders Capital, one of Europe's largest independent investment firms on board, Fastned is able to accelerate the pace of building fast charging stations even further, catering to the exponentially growing demand for fast charging services. Building a wide and reliable fast charging network powered by wind and sun, plays an important part in the fight against climate change and the path towards energy independence." - - Michiel Langezaal, CEO Fastned
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This press release is for information purposes only. The information contained in this press release does not purport to be full or complete and, in particular, is not intended to form the basis of any investment decision. No reliance may be placed by any person for any purpose on the information contained in this press release or its accuracy, fairness or completeness. Fastned will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided.
This press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. All statements other than statements of historical facts may be forward-looking statements. You can identify forward-looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might", the negative of such terms, other similar expressions or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. The Company wishes to caution you that these statements are only predictions and that actual events or results may and often do differ materially. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. Any forward-looking statements reflect the Company's current view with respect to future events and many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, rapid technological and market change in the industries the Company operates in, as well as many other risks specifically related to the Company and its operations. Accordingly, no undue reliance should be placed on any forward-looking statements.
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Fastned BV published this content on 17 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 October 2022 05:32:02 UTC.
