AI assistant
Manz AG — Share Issue/Capital Change 2008
Jun 23, 2008
273_rns_2008-06-23_98a8f36e-8bea-41c2-8085-3c3b9ab73467.html
Share Issue/Capital Change
Open in viewerOpens in your device viewer
News Details
Corporate | 23 June 2008 08:26
Manz Automation AG: Subscription price for new shares determined
Manz Automation AG / Capital Increase
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
'NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, JAPAN AND AUSTRALIA.'
- Company expects gross issue proceeds of around EUR 112 million
- Capital increase opens up further potential for growth in Germany and
abroad
Reutlingen, June 23, 2008. Today, Manz Automation AG's Managing Board, with
the approval of the Supervisory Board, has determined the subscription
price for the capital increase against cash contributions resolved on June
10, 2008, at EUR 125.00 per share. A total of 896,011 no-par value bearer
shares will be issued, resulting in gross proceeds from the issue of around
EUR 112 million. Subscription rights can be traded from today until June
25, 2008 (inclusive) under ISIN DE000A0SFR65 in the Open Market of the
Frankfurt Stock Exchange (floor trading). The subscription rights can be
exercised until June 27, 2008 (inclusive). Subscription rights that are not
exercised during the subscription period expire or will be sold at the best
possible terms if the respective terms of custody so permit.
The capital increase will secure the funds required to finance the Manz
Group's further growth. For example, the company is planning to further
increase the value added in particular in the solar business by specific
acquisitions. Increased R&D investments will also play a key role in this
regard. In addition, part of the proceeds from the issue is to be used to
refinance the acquisitions the company has made in 2008. Moreover, the
company plans to invest in increasing production capacity and further
setting up and expanding sales and service locations in Germany and abroad.
Furthermore, the company plans to set up a technology and training center
for customers and employees at its headquarters in Reutlingen.
Dieter Manz explains: 'Growth in the solar sector has only just begun. Many
major companies around the world are investing in this sector in order to
benefit from this trend. Our capital increase will establish a basis to
further increase our position on the global market in future and to realize
our ambitious growth plans!'
Company Profile
Manz Automation AG (ISIN: DE000A0JQ5U3) with its statutory seat in
Reutlingen, together with its subsidiaries, is by market share one of the
world’s leading technological providers of systems and components in the
areas of automation, quality assurance and laser process technology for the
photovoltaic industry and in the areas of automation and wet chemistry for
the LCD industry. The Manz Group's core competences are in robotics, image
processing, laser technology, wet chemistry as well as control and drive
technology. The Manz Group's key strategic divisions are photovoltaic
(systems.solar), LCD (systems.lcd) and components and OEM systems
(systems.aico) for automation in various industrial sectors and the life
science industry. The Manz Group has sales and/or service branches in
Germany, Taiwan, USA, China, South Korea, Spain, Hungary and Slovakia as
well as a service alliance in India. In addition, the Manz Group has its
own production facilities in Germany, Slovakia, Hungary, Taiwan and China.
The Manz Group recorded revenues of EUR 71.2 million in fiscal year 2007
with an EBIT margin of 14.1%. More than 57% of revenues were generated
abroad, in particular in Asia. The Manz Group recorded revenues of EUR 38.6
million with an EBIT margin of 14.5% in the first quarter of fiscal year
2008.
This publication constitutes neither an offer to sell nor an invitation to
make an offer to buy securities. No public offer or sale of transferable
securities of Manz Automation AG is being, or will be, made to the public
outside Germany. The public offer in Germany is being made exclusively by
means of and on the basis of a prospectus. The prospectus is available on
the web site of Manz Automation AG under www.manz-automation.com and in
printed form free of charge at Manz Automation AG, Steigäckerstraße 5,
72768 Reutlingen, (fax no. +49 7121 / 9000-99) and the joint lead managers
COMMERZBANK Aktiengesellschaft, Kaiserstraße 16 (Kaiserplatz), 60311
Frankfurt am Main (fax no. +49 69 / 136-29299) and Credit Suisse Securities
(Europe) Limited, c/o Niederlassung Frankfurt am Main, Junghofstraße 16,
60311 Frankfurt am Main (fax no. +49 69 / 7538-9431).
This publication constitutes neither an offer to sell nor an invitation to
make an offer to buy securities in the United States. The shares and the
subscription rights with regard to shares in Manz Automation AG may not be
offered or sold in the United States of America or to or for the account or
benefit of 'US Persons' (as such term is defined in Regulation S under the
U.S. Securities Act of 1933, as amended (the 'Securities Act')) absent
registration or an exemption from registration under the Securities Act.
The shares and the subscription rights with regard to shares in Manz
Automation AG have not been and will not be registered under the Securities
Act. Any public offering of securities or subscription rights to be made in
the United States will only be made by means of a prospectus which would be
available at Manz Automation AG and which would contain detailed
information about Manz Automation AG and its management as well as its
financial statements.
This publication is for distribution only to persons who (i) have
professional experience in matters relating to investments or (ii) are
persons falling within article 49(2) (a) to (d) ('High Net Worth
Companies', Unincorporated Associations, etc.) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 or to whom it may
otherwise be lawfully passed on (all such persons together being referred
to as 'Relevant Persons'). This publication is directed only at Relevant
Persons and must not be acted on or relied on by persons who are not
Relevant Persons. Any investment or investment activity to which this
publication relates is available only to Relevant Persons and will be
engaged in only with Relevant Persons.
Investor relations contact
Manz Automation AG
Birte-Christina Benecke
Phone: +49 (0)7121 – 9000-21
Fax: +49 (0)7121 – 9000-99
E-Mail: [email protected]
cometis AG
Ulrich Wiehle
Phone: +49 (0)611 – 205855-11
Fax: +49 (0)611 – 205855-66
E-Mail: [email protected]