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hGears AG, DE000A3CMGN3

hGears AG, DE000A3CMGN3

21.05.2021 - 10:25:12

hGears AG with successful stock market debut

hGears AG with successful stock market debut

Strong opening debut with first trading price of EUR 27.50 hGears raises gross proceeds of EUR 62 million Proceeds will be used to further drive organic growth in the e-mobility business area, to increase production capacities for e-bike and EHV parts as well as expand research and development activities and partially repay debt

Schramberg, 21 May 2021. hGears AG ("hGears" or "Company"), a global manufacturer of high-precision gears and components with a focus on products for e-mobility applications, was successfully launched on the Frankfurt stock market today. In the course of this morning the share price rose to more than EUR 27.50 compared to an issue price of EUR 26.00.

Pierluca Sartorello, CEO of hGears: "The listing on the Frankfurt Stock Exchange is a unique milestone in the history of our company, which began over 60 years ago. Since then, we came a long way. The company has changed a lot during this time and developed into the leading supplier of high-precision gears and components for e-bikes and electric and hybrid vehicles we are today. The IPO creates perfect conditions for us to continue with the realization of our growth strategy."

Daniel Basok, CFO of hGears, adds: "We are very happy about the successful start of trading and the positive response to our IPO. We enjoyed the listing moment and are grateful for the trust the investors showed us today. We are certainly not resting on our laurels and are already looking forward to begin this new growth chapter of our company. As a next step, we will be presenting our first quarter results to investors as early as 26 May."

The placement volume including the upsize and the greenshoe option totals EUR 173 million. The shares of hGears AG carry the international securities identification number (ISIN) DE000A3CMGN3 and the German securities identification number (WKN) A3CMGN.

Hauck & Aufh?user is acting as Sole Global Coordinator and Joint Bookrunner. ABN AMRO (in cooperation with ODDO BHF SCA) is acting as Joint Bookrunner in the IPO. ?

Contact cometis AG Dr. Daniela Diedrich Unter den Eichen 7 65195 Wiesbaden

T: +49 611 205855 - 22 E: diedrich@cometis.de ?

About hGears

hGears is a global manufacturer of mission-critical high-precision gears and components with a focus on products for e-mobility applications. The Company's strategic focus is on the e-mobility business area where products include gears, shafts, and other mission-critical components to be used in combustion-free electrical drive applications for e-bikes and electric and hybrid vehicles. In the e-bikes segment, hGears is the European market leader in the supply of high-precision gears and components and its parts are contained in approximately two million of the total 4.6 million e-bikes sold in Europe in 2020. This puts the company in a good position to capitalize on the dynamically growing end-markets for e-bikes and electric and hybrid vehicles. hGears has three distinct business areas for which it develops and manufactures high-precision components: E-mobility, E-tools, and Conventional (i.e. premium and luxury cars, motorcycles and industrial applications).

hGears combines over 60 years of experience in advanced machined steel metal processing and state-of-the-art powder metal production. It is one of the few companies offering customers both processes worldwide. hGears works together with its customers in a "co-development" role to design components and find technologically optimal solutions to satisfy the customer's specifications. hGears' blue chip customer base includes a number of major suppliers as well as original equipment manufacturers. The company benefits from long, stable and sustainable relationships with its customers, with hGears serving many key customers for over 15 years.

hGears is headquartered in Schramberg, Germany, and operates globally with production facilities in Schramberg, Germany, Padua, Italy and Suzhou, China. On the Internet at: www.hgears.com

Group revenue in 2020 was EUR 126.3 million, with e-mobility business area revenue increased by 59% year on year from 2019.

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Disclaimer

"This publication constitutes neither an offer to sell nor a solicitation to buy any securities. The securities have already been sold.

The information contained herein is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or of the District of Columbia) or publications with a general circulation in the United States of America. This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities in the United States of America. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. The issuer does not intend to register any portion of the offering in the United States of America or to conduct a public offering of the securities in the United States of America.

No prospectus has been or will be approved for publication in the United Kingdom in respect of the securities to which this publication relates. Consequently, this publication is being distributed only to, and is directed only at, persons who are (a) "qualified investors" as defined in Article 2 of the UK Prospectus Regulation (Regulation (EU) 2017/1129 which forms part of the law of England and Wales by virtue of the European Union (Withdrawal) Act 2018) and either (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) persons who are high net worth entities falling within Articles 49(2)(a) to (d) of the Order, or (b) other persons to whom it may otherwise lawfully be communicated (all such persons under (a) and (b) together being referred to as "relevant persons"). Furthermore, this publication is only addressed to and directed at persons in member states of the European Economic Area (other than in Germany) who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation ("Qualified Investors"). Any investment or investment activity to which this publication relates is only available to and will only be engaged in with (i) in the United Kingdom, relevant persons, and (ii) in any other member state of the European Economic Area (other than in Germany), Qualified Investors. Any other persons who receive this publication in the United Kingdom or the European Economic Area (other than in Germany) should not rely on or act upon it.

This publication is not an offer of securities for sale in Canada, Japan, Australia or South Africa."

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21.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: hGears AG Brambach 38 78713 Schramberg

Germany Phone: +49 (0)7422 566 771 E-mail: daniel.basok@hgears.com ISIN: DE000A3CMGN3 WKN: A3CMGN Listed: Regulated Market in Frankfurt (Prime Standard) EQS News ID: 1199367 B?rsennotierung vorgesehen / Intended to be listed; ? End of News DGAP News Service

1199367??21.05.2021?

@ dgap.de