Voltabox AG / DE000A2E4LE9

Advanced talks on the sale of the majority stake in GreenCluster GmbH

EQS-Ad-hoc: Voltabox AG / Key word(s): Investment


29-May-2024 / 22:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Paderborn, May 29, 2024 – Voltabox AG ("Company") is currently in advanced discussions regarding the sale of its 80% share in GreenCluster GmbH as well as the shareholder loans granted. The company expects sales proceeds of a mid six-figure amount. For the company's "VoltaStore" division, which exclusively comprises the investment in GreenCluster GmbH, the company forecasts revenues of € 7 million for the 2024 fiscal year and thus around two thirds of the company's total consolidated revenues of around € 10.5 million. Whether or not an agreement will be reached by the negotiating parties as well as the terms of such an agreement will depend on the further progress of the discussions.   About Voltabox AG Voltabox AG (ISIN DE000A2E4LE9), which is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange, is a technology driven provider for e-mobility solutions in industrial applications. Its core business lies in intrinsically safe, highly developed high-performance lithium-ion battery systems that are modular and in serial production. The battery systems are primarily used in agricultural and construction machinery as well as in electric and hybrid-electric buses for public transportation. In addition, Voltabox is active in the field of infrastructural energy production and corresponding utilization models through its subsidiary GreenCluster GmbH. For more information, visit www.voltabox.ag.   Contact Voltabox AG Patrick Zabel (CEO) Technologiepark 32 33100 Paderborn Email: [e-mail]  

End of Inside Information

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29-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Voltabox AG
	Technologiepark 32
	33100 Paderborn
	Germany
Phone:	[phone]
E-mail:	[e-mail]
Internet:	www.voltabox.ag
ISIN:	DE000A2E4LE9
WKN:	A2E4LE
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1914037

End of Announcement	EQS News Service

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1914037  29-May-2024 CET/CEST