KTG Energie AG (ISIN: DE000A0HNG53) joined the Entry Standard of the Frankfurt Stock Exchange on 29 June. A total of 1,500,000 ordinary bearer shares were placed within a public offering, the proceeds of the issue were €20,700,000. The issue price was €13.80 and the initial listing price €14.10.
Applicant and specialist is Schnigge Wertpapierhandelsbank AG; designated sponsor is Donner & Reuschel.
"We welcome KTG Energie AG as the first German company and the third company to conduct an IPO in the Entry Standard this year," said Barbara Georg, Head of Listing & Issuer Services at Deutsche Börse. "The Entry Standard offers small and medium-sized companies simple and cost-effective admission to trading."
"We are delighted that investors have placed their trust in us. We will continue our growth strategy and substantially expand our capacity," said Dr Thomas Berger, CEO of KTG Energie AG. "Our business is easy to forecast and generates high earnings. After the investment phase, we will distribute a substantial portion of our earnings, making us an attractive dividend stock."
According to information provided by Hamburg-based KTG Energie AG, it specialises in the production of green energy from renewable sources. The company has operated biogas plants in Germany since 2006, covering the entire value chain from planning through construction to operation. As a subsidiary of agricultural producer KTG Agrar AG, the company is guaranteed long-term access to renewable resources, in particular intercrops, grass and hay. KTG Energie currently employs approximately 40 people and reported 2011 sales of €21.5 million as well as an operating profit (EBIT) of €4 million.
2012 has thus far seen one new entrant to the Prime Standard and 11 to the Entry Standard.