OTI Greentech AG publishes Subscription Offer for cash capital increase with subscription rights for existing shareholders

Berlin, 09. April 2021 – As already communicated in the ad hoc announcement dated 4 February 2021, the Management Board of OTI Greentech AG (WKN A2TSL2) has resolved, with the approval of the Supervisory Board, a capital increase against cash contributions with subscription rights for existing shareholders. With a subscription price of EUR 1.00 per share, up to 2,177,235 new shares will be issued under partial utilisation of the Authorised Capital. The subscription ratio is 10:3. In addition, beneficiaries will be granted the opportunity to acquire further subscription rights. Any shares not subscribed for under the subscription offer and the multiple subscription option shall subsequently be placed with qualified investors at least at the subscription price.

The subscription period for the new shares will run from 12 April 2021 to 26 April 2021.

Details of the capital increase can be found in the Securities Information Sheet approved by the German Federal Financial Supervisory Authority (BaFin) on 1 April 2021 and the subscription offer published today in the German Federal Gazette. The Securities Information Sheet and the Subscription Offer are available for download on the Company’s website at www.oti.ag/investor-relations/ under the heading “Capital Increase 2021”.

The public offer is made without a prospectus pursuant to § 3 number 2 of the German Securities Prospectus Act (exemption from the obligation to publish a prospectus). Shareholders and investors are therefore advised to carefully read in particular the Securities Information Sheet of OTI Greentech AG, before deciding to exercise, acquire or dispose of any subscription rights or to acquire or dispose of shares.

OTI Greentech AG is advised by Small & Mid Cap Investment Bank AG, Munich, in this capital increase.

The proceeds from the upcoming capital increase will be used primarily to finance the acquisition of the American joint venture partner KMI Cleaning Solutions Inc. Together with KMI Cleaning Solutions, OTI Greentech AG offers leading technologies in both the land-based and marine cleaning sectors. The core business consists of chemical products and services for the maritime, infrastructure, tanker and oil & gas industries worldwide.John C. Kisalus, CEO of OTI, explains: “With this capital increase we are giving investors the opportunity to participate in the promising business model of OTI Greentech AG. With the acquisition of our joint venture partner KMI Cleaning Solutions, we are creating the basis for a profitable and strongly growing business.”