Capital/Financing Update • Jun 27, 2013
Capital/Financing Update
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Corporate | 27 June 2013 08:00
SINGULUS TECHNOLOGIES AG Extends and Increases Buy-Back Program for Corporate Bond
SINGULUS TECHNOLOGIES AG / Key word(s): Bond
27.06.2013 / 08:00
SINGULUS TECHNOLOGIES Extends and Increases Buy-Back Program for Corporate Bond
*** Buy-back program extended until December 31, 2013
* Volume increased to EUR 5.0 million in tota** l
Kahl am Main, June 27, 2013 – With approval of the Supervisory Board the Executive Board of the SINGULUS TECHNOLOGIES AG (SINGULUS) resolved the renewed extension of the buy-back program, which was so far initiated on December 11, 2012 and originally expired on June 30, 2013, until December 31, 2013 for the bonds issued on March 23, 2012 (WKN: A1MASJ, ISIN: DE000A1MASJ4). The total volume of the buy-back program from December 11, 2012 was increased to EUR 5.0 million at maximum. The other conditions of the program remain unchanged.
Up to date bonds with a volume of EUR 2.3 million were acquired.
Dr.-Ing. Stefan Rinck, Chief Executive Officer of the SINGULUS TECHNOLOGIES AG, comments: ‘We have sufficient liquid funds to finance the new developments of innovative products and to safeguard our growth. If we should opt for an interesting acquisition target or require funds for additional growth financing, we reserve the right to once again sell the acquired bonds.’
Profile SINGULUS TECHNOLOGIES:
SINGULUS TECHNOLOGIES develops innovative technologies for efficient production processes, which only make use of resources conservatively. New production technology combined with sustainable processes and the use of novel materials can decouple the use of resources from economic growth in the long-term. SINGULUS TECHNOLOGIES’ innovative power and competitiveness are strengthened by these new technologic developments.
With its Optical Disc segment SINGULUS TECHNOLOGIES is the market leader for CD, DVD and Blu-ray Disc production equipment. As the only engineering company worldwide SINGULUS TECHNOLOGIES today already provides the machine technology for three-layer Blu-ray Discs with a storage volume of about 100 GB.
In the Solar division SINGULUS TECHNOLOGIES is a recognized supplier for new machines concepts and production processes for crystalline and thin-film solar cells, which increase the efficiency of solar cells and reduce their production costs. SINGULUS TECHNOLOGIES establishes itself as a development partner and machine supplier for technologies enabling a sustainable energy provision on the basis of renewable energies.
In the Semiconductor segment SINGULUS TECHNOLOGIES focuses its activities on the vacuum coating of wafers with ultra thin layers for the production of MRAM memory, thin-film write/read heads and other semiconductor applications.
SINGULUS TECHNOLOGIES continues to expand its know-how in vacuum coating, the automation and process technology as well as the integration of manufacturing lines in order to develop new work areas. To strengthen the existing business activities SINGULUS TECHNOLOGIES is currently reviewing concrete acquisition opportunities.
New application areas for vacuum deposition technology are the focus of the further development.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations,
Tel.: + 49 (0) 6188 440 612
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 6181 98280 20 / +49 (0) 170 920 29 24,
End of Corporate News
27.06.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | SINGULUS TECHNOLOGIES AG |
| Hanauer Landstrasse 103 | |
| 63796 Kahl am Main | |
| Germany | |
| Phone: | +49 (0)1709202924 |
| Fax: | +49 (0)6188 440-110 |
| E-mail: | [email protected] |
| Internet: | www.singulus.de |
| ISIN: | DE0007238909, DE000A1MASJ4 |
| WKN: | 723890, A1MASJ |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 218325 27.06.2013 |
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