Compleo Charging Solutions AG successfully raises gross proceeds of EUR 44 million for financing its growth strategy

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Compleo Charging Solutions AG successfully raises gross proceeds of EUR 44 million for financing its growth strategy

• Final offer price of EUR 49.00 per share
• Gross proceeds attributable to the Company from the offering of 900,000 new shares amount to EUR 44 mn
• Compleo intends to use the net proceeds for the strategic goals of growth through expansion in the EU, technology leadership through research and development and product capacity expansion
• 1,656,000 shares placed in total, resulting in a free float of 48.4%
• At a total of 3,423,480 listed shares, market capitalization amounts to EUR 168 mn
• First day of trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange expected to be October 21, 2020

Dortmund, October 19, 2020 - Compleo Charging Solutions AG (the "Company" or "Compleo"), a leading German pure-play provider of charging solutions for electric vehicles ("EVs"), has succeeded with its IPO, placing its shares at a price of EUR 49.00 per share.

A total of 1,656,000 shares were successfully placed with international institutional investors and retail investors in Germany. The placement comprises 900,000 new shares from a capital increase and 756,000 shares from the holdings of the existing shareholders, consisting of 180,000 base shares, 360,000 shares from the exercise of an upsize option and 216,000 shares in connection with an over-allotment option ("Greenshoe Option").

Assuming full exercise of the Greenshoe Option, the total offer volume amounts to approximately EUR 81 mn. Gross proceeds from the offering attributable to the Company amount to approximately EUR 44 mn. The Company intends to use the envisaged net proceeds to finance its growth strategy.

Georg Griesemann, Co-CEO and CFO of Compleo, comments: "We are proud to have succeeded with our IPO. Thanks to the raised capital, we are now in a position to make the investments necessary to benefit from the current megatrends in our target markets. With our proven track record by delivering over 22,000 charging points in Germany and 3,000 in Europe in the last 11 years, we have built up a strong customer base including 'blue-chips' such as Deutsche Post, Siemens, Telekom and leading German automotive manufacturers. We have already shown the potential for growth this year, with revenues of EUR 14.3 mn after only six months, compared to EUR 15.2 mn for the entire 2019."

Checrallah Kachouh, Co-CEO and CTO of Compleo, adds: "The market for EV-charging solutions is supported by political will and investments, and the increasing popularity of electric vehicles. I am very happy to see that investors agree with us and are ready to back Compleo as a Greentech, which is well positioned to exploit the opportunities that may arise from these trends. Pursuing our growth strategy, we will invest in expansion in the EU, further strengthening our technological leadership through R&D and expansion to a new headquarters. We are looking forward to continuing to enable an emission-free mobility."

The Company plans to use the major part of the net proceeds of the Offering for the product capacity expansion, i.e. the expansion to new locations for production facilities, corporate headquarters and research and development centers and testing facilities as well as investment into working capital. Compleo also intends to use a significant part of the proceeds for the strategic goals of growth through expansion in the European Union ("EU"). Due to regional proximity and market maturity and volume, the Benelux countries, the Nordic countries, France, Italy, Switzerland, Poland and Austria are potential target markets for the Company's expansion strategy. Furthermore, the Company intends to further strengthen its technology leadership through research and development ("R&D"). In the areas of expansion in the EU as well as R&D, the Company may not only use the net proceeds in order to finance its organic growth but may as well acquire other businesses to improve its sourcing and supply functions, know-how, sales activities and service capacities.

Retail investors that placed orders with syndicate banks were allocated approximately 5.6% of the total placement volume of, in aggregate, 1,656,000 shares (including over-allotments). As the offer was oversubscribed, the purchase orders from retail investors could not be fully allocated. All orders placed at least at the placement price by retail investors with syndicate banks were allocated according to the following allocation key: All orders from those retail investors will receive an allocation of approximately 65% of the respective order volume. The "Principles Governing the Allocation of Share Issues to Private Investors'' were observed and the allocation to retail investors in connection with the offering followed the same criteria for all syndicate banks and their affiliated institutions. The Company, in consultation with the banks, has deliberately opted for an attractive allocation to private investors in order to allow a broad public to participate in e-mobility as a topic of the future.

From October 21, 2020 a total of 3,423,480 Compleo shares (ISIN: DE000A2QDNX9, WKN: A2QDNX) are expected to be listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. At a final offer price of EUR 49.00 per share, this corresponds to a market capitalization of EUR 168 mn. Assuming full exercise of the Greenshoe Option, the free float of Compleo's share capital would then amount to approximately 48.4%. The settlement and completion of the offering is planned for October 22, 2020.

In the context of the IPO, COMMERZBANK is acting as Sole Global Coordinator and together with ODDO BHF as Joint Bookrunners.

Press Contact

Ralf Maushake
Leiter Unternehmenskommunikation
Telefon: +49 231 534 923 865
E-Mail: ir@comepleo-cs.de

Disclaimer

These materials are for informational purposes only and are not intended to constitute, and should not be construed as, an offer to sell or subscribe for, or the announcement of a forthcoming offer to sell or subscribe for, or a solicitation of any offer to buy or subscribe for, or the announcement of a forthcoming solicitation of any offer to buy or subscribe for, ordinary shares in the share capital of Compleo Charging Solutions AG (the "Company", and such shares, the "Shares") in the United States or in any other jurisdiction.

The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States absent registration or an exemption from the registration requirements under the Securities Act. The Company does not intend to register any portion of the offering in the United States or to conduct a public offering of Shares in the United States.

The Company has not authorised any offer to the public of Shares in any Member State of the European Economic Area, except in the Federal Republic of Germany. With respect to any Member State of the European Economic Area other than the Federal Republic of Germany and with respect to the United Kingdom (each a "Relevant State"), no action has been undertaken or will be undertaken to make an offer to the public of Shares requiring publication of a prospectus in any Relevant State. As a result, the Shares may only be offered in Relevant States:

(i) to any legal entity which is a "qualified investor" as defined in the Prospectus Regulation; or

(ii) in any other circumstances falling within Article 1(4) of the Prospectus Regulation.

For the purpose of this paragraph, the expression "offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the offer and the Shares to be offered so as to enable the investor to decide to exercise, purchase or subscribe for the Shares and the expression "Prospectus Regulation" means Regulation (EU) 2017/1129 (as amended).

Any such investor will also be deemed to have represented and agreed that any Shares acquired by it in the contemplated offering of Shares have not been acquired on behalf of persons other than such investor. This announcement is not an advertisement within the meaning of the Prospectus Regulation and does not constitute a prospectus.

In the United Kingdom, this document and any other materials in relation to the Shares is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, "qualified investors" (as defined in section 86(7) of the Financial Services and Markets Act 2000) and who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 ("Financial Promotion") Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication is directed only at relevant persons. Persons who are not relevant persons should not take any action on the basis of this document and should not act or rely on it. Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. No action has been taken by the Company that would permit an offer of Shares or the possession or distribution of these materials or any other offering or publicity material relating to such Shares in any jurisdiction, except for the Federal Republic of Germany, where action for that purpose is required.

This document may contain forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of the Company and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations and competition from other companies, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company and other factors. The Company does not assume any obligations to update any forward- looking statements.

Neither these materials nor any copy of it may be taken or transmitted, directly or indirectly, into the United States, Australia, Canada, Japan or the South Africa. These materials do not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore. The offer and the distribution of these materials and other information in connection with the listing and offer in certain jurisdictions may be restricted by law.

The offered shares in the Company have already been sold.

In connection with the Offering, COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Germany (the "Stabilisation Manager"), (or persons acting on behalf of the Stabilisation Manager) may over-allot shares or effect transactions with a view to supporting the market price of the Shares at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilisation Manager (or persons acting on behalf of the Stabilisation Manager) will undertake stabilisation action. Any stabilisation action may begin on or after the date on which adequate public disclosure of the final price of the Shares is made and, if begun, may be ended at any time, but it must end no later than 30 days after the date of commencement of trading of the Shares.