AGM Information • May 31, 2011
AGM Information
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Corporate | 31 May 2011 15:30
SINGULUS TECHNOLOGIES Confirms Expected Growth at Annual General Meeting on May 31, 2011
SINGULUS TECHNOLOGIES AG / Key word(s): AGM/EGM
31.05.2011 / 15:30
Press Release
SINGULUS TECHNOLOGIES Confirms Expected Growth at Annual General Meeting on May 31, 2011
– More than 1/3 Sales Growth in 2011
– Positive Earnings Expected for 2nd Quarter
– 9-Months Earnings Cumulated Break Even
– Executive and Supervisory Board will exercise subscription rights
Kahl am Main, May 31, 2011 – Dr.-Ing. Stefan Rinck, Chairman of the Executive Board of SINGULUS TECHNOLGIES AG has given a positive outlook to the further development of the company on occasion of the regular Annual General Meeting.
Dr.-Ing. Stefan Rinck: ‘Even though the first quarter 2011 has terminated with negative earnings before interest and tax of EUR 2.6 million, we assume that the earnings in the 2. Quarter will be positive and in the 3. Quarter cumulated Break Even will be achieved.’ Dr.-Ing. Rinck continuous: ‘SINGULUS relies on the two core business segments and a lean business model. SINGULUS is market leader in the Optical Disc segment – the business of the Solar segment will strongly release positive pulses on the business development of the company.’
Dr.-Ing. Stefan Rinck also has explained the intended capital increase amongst others. To a major part the proceeds from the capital increased are intended for the expansion of the business activities in the Solar segment and for the continuous reduction of financial liabilities and therefore for strengthening the independence of the company. Executive and Supervisory board will exercise the subscription rights to the full extent and additionally subscribe more shares if available.
The offer of the shares of SINGULUS TECHNOLOGIES AG is not a public offering. The new shares will solely be offered to the SINGULUS TECHNOLOGIES AG’s existing shareholders. The subscription price for the new SINGULUS shares is EUR 3.30.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 16096090279
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 6181 98280 20
Contact:
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 9202924
End of Corporate News
31.05.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | SINGULUS TECHNOLOGIES AG |
| Hanauer Landstrasse 103 | |
| 63796 Kahl am Main | |
| Deutschland | |
| Phone: | +49 (0)1709202924 |
| Fax: | +49 (0)6188 440-110 |
| E-mail: | [email protected] |
| Internet: | www.singulus.de |
| ISIN: | DE0007238909 |
| WKN: | 723890 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 126995 31.05.2011 |
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