Equity Capital Markets Transactions

JOST Werke SE (JOST) is a leading global producer and supplier of safety-critical systems for the commercial vehicle industry. The company operates over 14 production sites worldwide, serving customers across Europe, North America and Asia, Pacific and Africa (APA) with its comprehensive portfolio of on-highway and off-highway applications.

Ticker: JST GY
Country: Germany
Sector: Industrials
Listing: Frankfurt Stock Exchange (Prime Standard)

Market Cap pre Transaction: c. EUR 974m
Use of Proceeds: Further enhance financial flexibility to execute value-accretive M&A opportunities in line with JOST's AMBITION 2030 strategy
Offer structure: Placement of 1.49 million new shares (10% of JOST's share capital)
Offer price: EUR 62.13 per share

Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Commerzbank (Joint Global Coordinators & Joint Bookrunners)

Timing:

• Launch: 24 February 2026
• Pricing: 25 February 2026

Sirius Real Estate Limited is a leading owner and operator of branded business parks, industrial complexes and out of town offices in Germany and the United Kingdom.

Ticker: SRE LN

Headquarter: United Kingdom

Sector: Real Estate

Listing: London Stock Exchange & Johannesburg Stock Exchange

Market Cap before Transaction: c. GBP 1.6bn

Offering: GBP77m

Offer price: 102 pence

Use of proceeds: To execute on two attractive acquisition opportunities in Germany with a particular focus on defence-related assets and tenants in the near term.

Berenberg Role: Joint Global Coordinator & Joint Bookrunner

Syndicate: Joint Global Coordinator & Joint Bookrunner: Peel Hunt | JSE Sponsor, SA Adviser, SA Bookrunner and Placing Agent: PSG Capital

Timing:

• Launch date: 16 February 2026
• Trade date: 17 February 2026 (Pricing & Allocation)
• Expected Settlement: 20 February 2026 (T+3)

Yellow Cake is a London-listed company that offers pure exposure to the uranium spot price. This is achieved through its strategy of buying and holding physical uranium in storage in North America. It may also seek to add value through the acquisition of uranium royalties and streams.

Ticker: YCA LN

Headquarter: United Kingdom

Sector: Natural Resources (Uranium)

Listing: London Stock Exchange (AIM)

Market Cap before Transaction: c. GBP 1.5bn

Offering: USD110m / GBP80.6m

Offer price: 629 pence

Use of proceeds: To fund the purchase of up to USD 100m worth of U308 uranium from Kazatomprom, alongside existing cash, fully utilising the Company’s purchase option for calendar year 2026 at a price of US$86.15/lb, as well as general corporate use and working capital.

Berenberg Role: Joint Bookrunner

Syndicate: Canaccord Genuity (Joint Bookrunner)

Timing:

• Launch date: 11 February 2026
• Trade date: 12 February 2026 (Pricing & Allocation)
• Expected Settlement: 17 February 2026 (T+3)

ASTA is a global, vertically integrated producer of high-quality copper-based solutions, which are embedded in the heart of modern energy systems, powering mid- to high-voltage transformers, industrial generators, and the expanding network of data centres.

Ticker: 1AST GY

Headquarter: Austria

Sector: Industrials

Listing: Germany, Frankfurt Stock Exchange (Prime Standard)

Offer Structure:

• Total: 6,452,981 shares (c. EUR 190m)
• Primary: 4,237,288 shares (c. EUR 125m)
• Secondary: 1,374,000 shares (c. 41m)
• Greenshoe (secondary): 841,693 shares (c. EUR 25m)

Final Offer Price: EUR 29.50 per share

Initial Price Range: EUR 27.50 – 29.50 per share

Market Cap at IPO: c. EUR 420m

Selling shareholders: Makra GmbH and ETV Montana Tech Holding GmbH, both entities controlled by DDr. Michael Tojner

Berenberg Role: Sole Global Coordinator & Joint Bookrunner

Syndicate: Berenberg (Sole Global Coordinator & Joint Bookrunner), Commerzbank (in cooperation with Oddo BHF), Raiffeisen (Joint Bookrunners), Baader Bank (Co-Lead Manager)

Timing:

• ITF: 15 January 2026
• Investor Education: 15 January – 23 January 2026
• Bookbuilding: 26 January – 29 January 2026
• First Day of Trading: 30 January 2026

Solynta is a Dutch hybrid potato breeder, leader in hybrid true potato seed development.

• Transaction : EW Group, German family holding company expanding strategically in plant breeding, acquires a majority stake in Solynta via major growth funding agreement
• Use of proceeds : Accelerate Solynta’s global growth roadmap, advance hybrid potato breeding platform, increase breeding speed and variety development, scale commercial adoption of Hybrid True Potato Seeds worldwide
• Strategic impacts : Strengthens EW Group’s commitment to innovative breeding technologies, supports sustainable agriculture by improving yields, reducing crop protection use, and minimizing land use

ME Group is an international market leader in automated self-service equipment aimed at the consumer market.

Ticker: MEGP LN
Country: United Kingdom
Sector: TMT / Business Services
Listing: London Stock Exchange (Main Market)

Market Cap pre Transaction: c.GBP 540m
Selling Shareholder: Montefiore Investment
Offer structure: 12,523,017 existing Ordinary Shares
Issue price: GBP 1.32 per share

Berenberg Role: Sole Bookrunner
Timing:

• Launch: 13 January 2026
• Pricing: 14 January 2026
• Settlement: 16 January 2026