Capital/Financing Update • Dec 13, 2013
Capital/Financing Update
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Corporate | 13 December 2013 08:40
SINGULUS TECHNOLOGIES Extends Bond Buy-Back until June 30, 2014
SINGULUS TECHNOLOGIES AG / Key word(s): Bond
13.12.2013 / 08:40
Press release
SINGULUS TECHNOLOGIES Extends Bond Buy-Back until June 30, 2014
Kahl am Main, December 13, 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 again, which was initiated on December 11, 2012 and originally expired on June 30, 2012, until June 30, 2014 for the bonds issued on March 23, 2012 (WKN: A1MASJ, ISIN: DE000A1MASJ4). So far, the end of the buyback was determined to be December 31, 2013. The general conditions of the program remain unchanged by the extension of this program.
Accordingly, the goal intended with the issue of the bonds of the financing of growth still remains intact. For example, with the means from the corporate bond SINGULUS has already financed larger projects in the solar division and the development of production machines for the next generation of Blu-ray Discs. An additional part of the funds was used for the set-up of new business areas in the realm of vacuum coating technology through research and development.
Dr.-Ing. Stefan Rinck, Chief Executive Officer of the SINGULUS TECHNOLOGIES AG, comments: ‘We used liquid funds for the new development of innovative products. The goal is to build our company on a broader base and to address new target markets.’
Up to date, in the course of the current buyback program a bond volume of around EUR 2, 65 million was purchase.
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 AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 170 9202924
E-mail: [email protected]
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
13.12.2013 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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| 244610 13.12.2013 |
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