MagForce AG Successfully Completes Capital Increase
(Thomson Reuters ONE) -
MagForce AG /
MagForce AG Successfully Completes Capital Increase
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Announcement in accordance with section 17 para. 2 of the General Terms and
Conditions of Deutsche Börse AG for the Regulated Unofficial Market on the
Frankfurt Stock Exchange
Berlin, February 29, 2012 - MagForce AG (Frankfurt, XETRA: MF6), a leading
medical technology company focusing on nanomedicine in oncology has completed a
share placement with institutional investors. All of the 825,408 newly issued
shares were placed, with profit participation rights dating from January
1, 2011, at a price of EUR 5.50 per share. The gross proceeds from the capital
increase, in the amount of EUR 4,539,744.00 will be used for further
commercialization activities and the clinical development of the NanoTherm®
technology along with the expansion of commercial and strategic partnerships.
This transaction increases the nominal share capital of the company, from EUR
4.127.041, divided into 4,127,041 shares with an imputed nominal value of EUR
1.00, to EUR 4,952,495.00.
The very successful capital increase and the meetings with the strategic
investors were managed by Silvia Quandt & Cie. AG as a tied agent as defined in
§ 2 paragraph 10 of the Banking Act (KWG) and called on account of biw Bank for
Investments & Securities Ltd.
About MagForce AG:
MagForce AG is a leading medical technology company focusing on nanomedicine in
oncology. The company's proprietary procedure, NanoTherm® therapy, enables the
targeted treatment of solid tumors through the intratumoral generation of heat
via activation of magnetic nanoparticles. NanoTherm®, NanoPlan®, and
NanoActivator(TM) are components of the therapy and have received EU-wide
regulatory approval as medical devices for the treatment of brain tumors.
MagForce, NanoTherm, NanoPlan and NanoActivator are trademarks of MagForce AG in
selected countries. For more information, please visitwww.magforce.com.
Disclaimer:
This release may contain forward-looking statements and information which may be
identified by formulations using terms such as "expects", "aims", "anticipates",
"intends", "plans", "believes", "seeks", "estimates" or "will". Such forward-
looking statements are based on our current expectations and certain
assumptions, which may be subject to a variety of risks and uncertainties. The
results actually achieved by MagForce AG may substantially differ from these
forward-looking statements. MagForce AG assumes no obligation to update these
forward-looking statements or to correct them in case of developments, which
differ from those, anticipated.
Contact:
Stacy Wiedenmann
Director Investor Relations & Corporate Communications
Magforce AG
Max-Dohrn-Str. 8 10589 Berlin
T +49 30 308 380 31
F +49 30 308 380 99
M +49 151 12000 722 email:swiedenmann(at)magforce.com
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: MagForce AG via Thomson Reuters ONE
[HUG#1589846]
Unternehmensinformation / Kurzprofil:
Datum: 29.02.2012 - 08:32 Uhr
Sprache: Deutsch
News-ID 119826
Anzahl Zeichen: 3906
contact information:
Town:
Berlin
Kategorie:
Business News
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