IVU Traffic Technologies AG — Capital/Financing Update 2002

Sep 27, 2002

News Details

Ad-hoc | 27 September 2002 08:36

IVU Traffic Technologies english

IVU Traffic Technologies AG Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– IVU Traffic Technologies AG Financing of IVU definitely secure+++guarantee by Land Berlin and loan contracts signed+++increase of capital executed Berlin, 27.9.2002: All planned capital measures have been successfully taken, to the effect that the liquidity of IVU is finally secure. Due to the firm commitment of the Land Berlin to grant a guarantee, the 3 million Euro loan contracts with Deutsche Bank and Deutsche Kreditbank (DKB) could be signed. Furthermore, an increase of share capital amounting to 1.96 million Euro by authorized capital was executed at the price of 1 Euro. The capital was subscribed by the chairman of the executive board, Prof. Denert (860,000 Euro), by a member of the supervisory board (500,000 Euro), and by altogether 275 employees, which is 85% of the staff (600,000 Euro). Prof. Denert has firmly promised to contribute additional 540,000 Euro of personal capital in January, 2003 at the latest. Thus, all criteria for the loan have been fulfilled. Contact: Annette Weisser, Tel.: +49.30.85906.244, Fax: +49.30.85906.111, eMail:ir@ivu.de end of ad-hoc-announcement (c)DGAP 27.09.2002 ——————————————————————————– WKN: 744850; ISIN: DE0007448508; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 270836 Sep 02