Northern Data AG
ISIN: DE000A0SMU87
WKN: A0SMU8
18 November 2024 07:30AM

EQS-News: Successful completion of 20% capital increase

Northern Data AG · ISIN: DE000A0SMU87 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2031523

EQS-News: Northern Data AG / Key word(s): Corporate Action/Capital Increase
Successful completion of 20% capital increase

18.11.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE / IR NEWS

Successful completion of 20% capital increase
 

  • 20% share capital increase resolved on 15 July 2024 fully implemented
  • The share capital of Northern Data AG now amounts to EUR 64,196,677.00, divided into 64,196,677 shares
  • The shareholding of CEO Aroosh Thillainathan increased to 5,133,188 shares, corresponding to approx. 8.0% of the current share capital


Frankfurt/Main – 18 November 2024 – Northern Data AG (ETR: NB2, ISIN: DE000A0SMU87) (“Northern Data Group” or “the Group”), a leading provider of AI and High-Performance Computing (HPC) solutions, today announces the successful completion of the 20% capital increase, as resolved by its Management Board and Supervisory Board and announced on 15 July 2024.

The gross proceeds of approximately EUR 214 million from the issuance of a total of 10,699,446 new shares in the capital increase are being used to accelerate the growth of Northern Data Group’s cloud platform by further investing in NVIDIA GPUs and to expand the company's physical data center footprint in Europe and the United States.

The capital increase was implemented in tranches. In a first step, Northern Data Group’s majority shareholder, Tether Investments Ltd., and a company indirectly owned by Aroosh Thillainathan, the company's sole member of the Management Board (CEO) (together the “Investors”), subscribed for 6,302,178 new shares, which corresponded to their percentage shareholding in Northern Data Group at the time of the resolution on the capital increase. In a second step, 2,962,385 new shares were subscribed for by other major shareholders with a shareholding of at least 50,000 shares at the time of the resolution on the capital increase who decided to participate in the capital increase and took the necessary actions to do so, also in accordance with their percentage shareholding in the company at the time of the resolution on the capital increase. Finally, the remaining 1,434,883 new shares were subscribed for by the Investors in proportion to their percentage shareholding on the day the capital increase was resolved, based on the obligation they assumed to ensure that the capital increase was fully implemented.

Upon entry of the final tranche of the capital increase in the commercial register of the company on 15 November 2024, the company’s share capital increased to EUR 64,196,677.00, divided into 64,196,677 shares.

At the same time, the number of shares indirectly held by CEO Aroosh Thillainathan increased by 174,121 to 5,133,188 and his percentage shareholding in Northern Data Group increased by around 0.27% to approx. 8.0%.

About Northern Data Group:

Northern Data Group is a leading provider of AI and High-Performance Computing (HPC) solutions, leveraging high-density, liquid-cooled, GPU-based technology to empower the world’s most innovative organizations. Together with our partners, we are passionate about the potential of HPC to drive not only technological advancements but also societal progress.

Investor Relations:

Jose Cano
Vice President, Investor Relations
E-Mail: ir@northerndata.de



18.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Northern Data AG
An der Welle 3
60322 Frankfurt/Main
Germany
Phone: +49 69 34 87 52 25
E-mail: info@northerndata.de
Internet: www.northerndata.de
ISIN: DE000A0SMU87
WKN: A0SMU8
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 2031523

 
End of News EQS News Service

2031523  18.11.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 2,55 10,13 16,38 189,86 193,29 77,53 228,00
EBITDA1,2 -4,94 -4,67 -12,34 320,06 -58,12 -28,23 65,00
EBITDA-Margin3 -193,73 -46,10 -75,34 168,58 -30,07 -36,41 28,51
EBIT1,4 -5,57 -8,57 -30,48 254,13 -265,35 -153,16 -28,00
EBIT-Margin5 -218,43 -84,60 -186,08 133,85 -137,28 -197,55 -12,28
Net Profit (Loss)1 -5,60 -9,27 -84,26 287,16 -265,76 -151,06 -32,00
Net-Margin6 -219,61 -91,51 -514,41 151,25 -137,49 -194,84 -14,04
Cashflow1,7 -4,97 -6,01 183,48 88,07 0,96 -17,60 39,00
Earnings per share8 -0,10 -0,17 -1,58 5,37 -11,16 -5,22 -0,60
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Liebhart & Kollegen

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INVESTOR-INFORMATION
©boersengefluester.de
Northern Data
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A0SMU8 DE000A0SMU87 AG 2.699,47 Mio € 05.10.2018 - 9F2C4M9C+2G
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
45,71 14,34 3,19 -28,05 3,68 -153,37 34,82
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
13.09.2024 07.05.2024 06.08.2024 17.10.2024 12.07.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-1,06%
42,05 €
ATH 143,00 €
+27,17% +56,87% +59,89% +68,54% +150,30%

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