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 & Aufhäuser 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.

cometis AG

Dr. Daniela Diedrich

Unter den Eichen 7

65195 Wiesbaden

T: +49 611 205855 – 22

E: diedrich@cometis.de

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