Share Issue/Capital Change • Dec 6, 2017
Share Issue/Capital Change
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Corporate | 6 December 2017 17:46
SINGULUS TECHNOLOGIES AG: Implementation of a capital increase of up to 10 % of share capital excluding pre-emptive rights
DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Capital Increase
06.12.2017 / 17:46
The issuer is solely responsible for the content of this announcement.
Press Release
**(WKN A1681X / ISIN DE000A1681X5)
SINGULUS TECHNOLOGIES AG: Implementation of a capital increase of up to 10 % of share capital excluding pre-emptive rights**
– Issuance of up to 808,775 new bearer shares
– Strengthening of equity base
– Financing for order intake and new fields of activity
Kahl am Main, 06 December 2017 – The Management Board of SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) has today, with the consent of the Supervisory Board, resolved to implement a capital increase from approved capital pursuant to Article 5.2 of the company’s Articles of Incorporation, excluding the pre-emptive rights of shareholders. The share capital will be increased from EUR 8,087,775.00 to up to 8,896,527.00 by up to 808,775 new bearer shares each with a nominal value of EUR 1.00. The new shares will carry dividend rights from 1 January 2017.
M.M.Warburg will underwrite the new shares and offer them to institutional investors for acquisition through a private placement. The exact number of shares to be issued and the placement price will be determined by the Management Board, with the consent of the Supervisory Board, following completion of an accelerated book building process to be conducted by M.M.Warburg.
Dr.- Ing Stefan Rinck commented: “For us to succeed long-term and be in a position to handle the substantial orders coming in efficiently, our company needs a stable equity base. We also aim to establish a financial basis for our successful fledgling ventures into the new market segments.
SINGULUS TECHNOLOGIES intends to use the financial resources from the capital increase to finance corporate growth driven by incoming orders in the Solar segment, plus the entry into the new fields of activity of Decorative Coatings and Medical Technology.
Profile SINGULUS TECHNOLOGIES
SINGULUS TECHNOLOGIES builds machinery for efficient and low-resource production processes for the Solar, Semiconductor, Medical Technology, Consumer Goods and Optical Disc areas.
SINGULUS TECHNOLOGIES’ strategy is based on the use and expansion of its existing core competencies. SINGULUS TECHNOLOGIES focuses here on coating technology and various different techniques of surface processing, on wet-chemical processes and also on the related chemical and physical processing steps.
For all machines, processes and applications SINGULUS TECHNOLOGIES draws upon its know-how in the areas of automation and process technology.
Contact:
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
63796 Kahl am Main, Germany,
Maren Schuster, Investor Relations, Tel.: + 49 (0)160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: + 49 (0)170 9202924
06.12.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| 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: | DE000A1681X5, DE000A2AA5H5 |
| WKN: | A1681X, A2AA5H |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |
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