Fastned B.V.

Acquires fast charging network mistergreen. as of july 1, 2020, fastned has acquired 100% of the shares in the fast charging network b. v. from mistergreen for 1.98 million euro. acquisition has been paid by issuing 165,000 new depositary receipts of fastned ( representing 1.1% of total number of outstanding depositary receipts in fastned). one year from today ( on 1 july 2021) a final settlement of acquisition will take place based on average closing price of fastned depositary receipts on euronext during of 40 trading days prior to 1 july 2021. for depositary receipts, seller agreed on a one year lock up period with only limited ability to sell depositary receipts.

Issues new bonds with 6% interest. similar to previous issues the bonds have a maturity of 5 years and pay out 6% interest per year. the interest is paid out per quarter in arrears. the bonds are 1000 euro API ece. as a result of covid 19 related measures, fastned experienced a drop of around 70% in deliveries of electricity at the end of march compared to february. expects further volume growth due to the increasing number of electric vehicles, new stations currently being built,. as corona measures are relaxed, we immediately see an increase in traffic, and with that, in our deliveries ceo.

Considerable covid 19 impact in march. january and february volumes ( before covid 19 impact) were up 155% compared to last year. q1 revenue related to charging 1.7 million ( 102% versus. q1 2019). january and february run rate annualised revenue related to charging of 7.9 million. early march covid 19 measures caused a significant reduction in road traffic, having a considerable impact on march volumes. we postponed part of our planned capital expenditures to be able to maintain an ( increased) minimum cash buffer well into 2021, based on current projections ceo. q1 volume 3,159 mwh of renewable energy delivered ( 108% versus. q1 2019).

Had 19 million in cash and cash equivalents per year end 2019. active customers q4 2019 43 k ( 139% versus. q4 2018). operational ebitda amounted to 0.5 million euro in 2019, compared to 1.2 million euro in 2018. corona virus outbreak significantly impacts the global economy and fastned is no exception. experiencing delays in construction of new stations and upgrading of existing ones. due to temporary car factory shut downs, delivery of electric vehicles to market is likely to be slowed down, currently uncertain how long this situation will last. due to temporary car factory shut downs, delivery of electric vehicles to market is likely to be slowed down. fy total net loss of 12.0 million euro. cancelled part of its planned capital expenditures to be able to maintain an ( increased) minimum cash buffer well into 2021. on coronavirus around 70% lower daily sales since mid march, compared to february daily sales.

Raises 12 million euro with the issue of bonds. bonds have maturity of 5 years and pay out 6% interest per year. with this issue fastned will primarily finance further expansion of its fast charging network.