AMSTERDAM, May 23, 2016 /PRNewswire/ --
Fastned, which is building a pan-European network of fast charging stations for electric cars, has raised 3.07 milion euro in fresh capital in the first five weeks of its listing on the new stock exchange Nxchange. 307,473 new certificates of shares have been issued at an issue price of 10.00 euro per certificate.
Fastned operates a network of 50 fast charging stations in the Netherlands. Revenue is increasing with more than 10% month-on-month. With more and more electric cars on the road in the Netherlands and other European countries there is a growing need to expand this network. The new funds will be used for the development of locations along highways, in large cities, and abroad.
Fastned anticipates rapid growth of the number of electric cars. The driving force is the rapidly falling price of batteries. In the next two years car manufacturers like Tesla, Nissan, Opel, Audi and Volkswagen will bring fast-charging electric cars with more than 300 km range to market. A European network of fast-charging stations allows drivers to cover large distances comfortably with an electric car of any brand.
In the Netherlands more than 6 million households do not have their own driveway and they depend on public charging infrastructure, one of the reasons why fast charging stations are necessary. With the new generation of cars and fast charging stations, 20 minutes of charging delivers enough energy to drive a week. Fast-charging stations in and around the major cities in China already show that this type of infrastructure makes electric cars accessible to a much larger group.
Background information Fastned:
Fastned is building the world's first network of fast-charging stations where all electric cars can charge. We are building stations at high traffic locations along the highway, where electric cars can charge in 20 minutes. This will provide freedom for electric cars to drive everywhere throughout Europe. As of today, Fastned operates in The Netherlands and is working on expanding its fast charging network to the rest of Europe. http://www.fastned.nl
Background information Nxchange:
Today, Nxchange is launched as the next generation stock exchange. Nxchange will open at 10.00 am with Fastned as its first listing. The stock exchange is open to companies of all sizes that comply with the listing requirements. The exchange will be open 24 hours a day, 7 days a week, and transactions will be settled in real time. Nxchange works together with Euroclear as depotbank. Nxchange operates under a permit from the Ministry of Finance as a regulated market. http://www.nxchange.com
PRICING STATEMENT
Fastned Administratie Stichting (FAST)
(established in the Netherlands as a foundation (stichting, having its corporate seat in Amsterdam; the Netherlands)
Offering of 307,473 new depository receipts for ordinary shares
with a nominal value of € 0.01 each.
Offer Price: €10.00 per depository receipt
This document constitutes the pricing statement (the "Pricing Statement") relating to the Offering of Depository Receipts referred to in the prospectus published by Fastned on 14 April 2016 (the "Prospectus"). This Pricing Statement is prepared in accordance with section 5:18 of the Dutch Financial Supervision Act (Wet op het financieel toezicht), has been deposited with the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten), is being made generally available in the Netherlands and is being published in accordance with section 5:21 of the Dutch Financial Supervision Act.
This Pricing Statement must be read in conjunction with the Prospectus. Terms used and not defined herein shall be deemed to have the meaning ascribed to them in the Prospectus.
The Offering Period has ended. The Offer Price has been determined at: € 10.00 per Depository Receipt. The exact number of Depository Receipts offered in the Offering has been determined at: 307,473.
Payment (in euro) for, and delivery of, the Offer DRs are expected to take place on or about 23 May 2016 (the "Settlement Date"). Listing and admission to trading of the Offer DRs on Nxchange is also expected to commence on or about the Settlement Date.
The Depository Receipts are being offered only in those jurisdictions in which, and only to those persons to whom, offers and sales of the Depository Receipts may lawfully be made. The Depository Receipts have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction in the United States and may not be offered or sold in the United States. For a description of restrictions on offers, sales and transfers of the Depository Receipts and the distribution of this Pricing Statement in other jurisdictions, see "Selling and transfer restrictions" in the Prospectus.
Pricing Statement dated 23 May 2016
PRN - NLD
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