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  1. Why does Voltabox go public?

    The IPO will boost Voltabox’s growth. It will provide the strategic and financial flexibility to grow the company into a new dimension.

  2. What is the subscription period?

    The subscription period will commence on 26 September 2017 for institutional investors. Retail investors can subscribe online via Deutsche Börse’s subscription functionality from 27 September 2017.

    The offer period is scheduled to end on 10 October 2017 at 12:00 hours CEST for retail investors and at 14:00 hours CEST for institutional investors.

  3. What is your targeted placement volume?

    The plan is to offer 5 million new no par value shares from a capital increase and an additional 500,000 shares from majority shareholder paragon. The offer also includes a greenshoe option of 825,000 shares from a capital increase.

    The price range will go from EUR 20.00 to EUR 24.00. Assuming that all shares including the greenshoe are placed, the IPO would therefore generate between EUR 126.5 million and EUR 151.8 million in gross placement proceeds. Of these, the company would generate between EUR 116.5 and EUR 139.8 million from the capital increase.

  4. How do you want to use the funds?

    The proceeds from the capital increase are to support the continued systematic development of products, the expansion of the production capacities in Germany and the US and the repayment of a shareholder loan in the amount of currently EUR 16 million. They are also expected to give Voltabox greater flexibility for additional growth including through attractive acquisitions.

  5. Why does Voltabox only target specialty markets and does not supply battery systems to the automotive industry?

    Anyone desirous to be successful in the automotive mass market needs to invest billions. The leading cell manufacturers and, increasingly, the large automotive companies go down this route. For Voltabox, it would be too capital intensive and the market is also not yet mature enough for high volumes.

    That is why the company prefers specialty markets where its battery systems give Voltabox a technological edge to produce complex applications individually, quickly and cost-efficiently. These market segments are already growing quickly and they are less competitive. That is more lucrative.

  6. Do you plan a retail tranche or does the IPO mainly target institutional investors?

    The IPO has been structured as a public offering that targets both institutional and retail investors in Germany and Luxembourg. In other jurisdictions, there will be private placements that target institutional investors. In the U.S.A., the planned offer will only target qualified institutional buyers (”QIBs”) under “Rule 144A” of the “United States Securities Act of 1933”.

  7. Is Voltabox a profitable company, and which growth rates do you expect over the medium term?

    In June 2017, Voltabox generated positive EBIT for the first time. The company expects to also generate positive EBIT for the full year.

    Revenues almost doubled each year since the Voltabox spin-off in 2014. For 2017, the company expects revenues in the amount of about EUR 25 million. In 2019, Voltabox anticipates to already generate approximately EUR 100 million.

  8. Will parent company paragon AG remain a shareholder? How many shares will be in free float after the IPO?

    Paragon AG will continue to hold the majority of Voltabox’s share capital and will remain the company’s majority shareholder, a role it does not intend to relinquish in the foreseeable future. The expected post-IPO free float will be approximately 40%.

  9. Beginning when will Voltabox pay dividends?

    There are no plans for dividend payments in 2017. Over the medium to long term, however, Voltabox intends to pay up to 25 percent of the company’s profits (according to German GAAP) in dividends.

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