DGAP-Ad hoc: OTI Greentech AG

DGAP-Adhoc: OTI Greentech AG increases equity and reduces debt significantly; 2016 guidance revised

OTI Greentech AG / Key word(s): Miscellaneous

09.11.2016 09:59

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Inside Information according to Article 17 MAR

OTI Greentech AG increases equity and reduces debt significantly; 2016 guidance revised

- Agreement with shareholder loan providers to convert between EUR 3.5m and EUR 4.0m of debt into equity at EUR 1.00 per new issued share

- Conversion will, upon completion, reduce overall debt by up to 50%

- Revised guidance for 2016: Revenues of EUR 10m with significant improvement in EBITDA compared to last year

Berlin, 09.11.2016 - The Management Board of OTI Greentech AG (WKN A0HNE8) has reached an agreement with various holders of shareholder loans to reduce the overall debt of OTI Greentech AG and its subsidiaries and to increase the equity of the group significantly. Loans totaling between EUR 3.5m and EUR 4.0m will be converted into equity at EUR 1.0 per new issued share via a debt-to-equity swap. The debt-to-equity-swap will be implemented as soon as possible. Upon completion, the overall debt of the OTI Greentech group will be reduced by up to 50%.

For the current financial year 2016, OTI Greentech AG continues to expect a significant improvement in Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) performance as well as an increase in revenues compared to 2015. As a result of the combination of the long preparation phase required to secure first significant revenue flow in West Africa and the completion of the acquisition of Uniservice Unisafe SrL, Genova / Italy only occurring in December, the Management Board of OTI Greentech AG has decided to adjust its revenue guidance. After annualized revenues of EUR 8.7m in 2015, the revised guidance for 2016 is for revenues to increase by 15% to EUR 10.0m.

The Management Board of OTI Greentech AG is very confident that the measures implemented to improve overall group efficiencies and cost reductions coupled with the many promising projects being pursued by our operational teams and the acquisition of Uniservice Unisafe SrL will result in continued revenue growth and a positive EBITDA result in 2017.

Further information on OTI Greentech AG can be found on our Website: www.oti.ag

Contact

OTI Greentech AG Johnny Christiansen, CEO info@oti.ag Tel. +49 30 220 136 900 Potsdamer Platz 1, 7.OG 10785 Berlin

edicto GmbH Axel Mühlhaus, Dr. Sönke Knop amuehlhaus@edicto.de Tel. +49 69 905505-52 Eschersheimer Landstr. 42-44 60322 Frankfurt

09.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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