DGAP-News: NextAlarm AG: NextAlarm AG announces capital increase of up to EUR425,000
(firmenpresse) - DGAP-News: NextAlarm AG / Key word(s): Capital Increase
NextAlarm AG: NextAlarm AG announces capital increase of up to
EUR425,000
13.02.2012 / 10:00
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NextAlarm AG announces capital increase of up to EUR425,000
Munich, February 13, 2011 - NextAlarm AG, the worldwide provider of
monitoring and security systems, announces that its Board of Directors
resolved yesterday to increase its existing share capital of EUR 850,000
consisting of 850,000 shares with a nominal value of EUR 1.00 each by up to
EUR 425,000 representing up to 425,000 new shares to up to EUR 1,275,000
representing up to 1,275,000 shares.
The shares will be issued with pre-emptive rights allowing existing
shareholders to subscribe for 1 new share for each 2 existing shares held
in NextAlarm AG. Shareholders can make a subscription request going beyond
their legal subscription rights (over-subscription). The Company has
already received commitments to support the capital increase by existing
shareholders and institutional investors, such as Mr. Heinz Roth, founder
and former Chairman of the Executive Board of Primion AG. The potential
investors are supporting the Company's long term development and the
promising growth strategy in the area of private label value-added services
in particular for phone and cable companies, as well as the positioning as
one of the leading solutions and services providers.
The issue price per share is set at EUR 2.00 reflecting gross funds raised
of up to approximately EUR 850,000 million. Any shares which are not
subscribed for by existing shareholders will be offered to institutional
investors as part of a private placement. The subscription period is
expected to start on Friday, February 17, 2012 and will end on Friday,
March 2, 2012.
Further details are to be set forth in the subscription offer that is
expected to be published on Thursday, February 16, 2012 in the German
electronic Federal Gazette ('Elektronischer Bundesanzeiger') and on the
website of the company. ACON Actienbank AG is acting as clearing agent for
NextAlarm AG on the transaction.
The proceeds from the capital increase are intended to strengthen the
Company's capital base in order to foster the opening up of new markets.
Here, NextAlarm is primarily focusing on establishing and extending the
sales structures in Germany. The Executive Board is convinced that now is
the right time to tap into the mass market in Germany. Moreover, the fresh
capital will in particular serve to connect the customer portals of
distribution partners, especially in the fields of cable and phone
companies, as well as for R&D activities to broaden the services portfolio
in the area of smart home applications. The capital increase is thus
appropriate and is in the Company's interests and in the interest of its
shareholders.
Last Monday, Deutsche Boerse AG announced to restructure the Open Market in
order to enhance transparency for investors. In the Open Market segment,
the First Quotation Board in its current form will be discontinued probably
in the third quarter of 2012. Since March 2011, NextAlarm AG shares are
being traded in the Open Market at the Frankfurt Stock Exchange. However,
the Company already now fulfils part of the higher transparency
requirements of the Entry Standard. At this point in time, no final
decision has been taken so farby the Executive Board of NextAlarm AG how
the new requirements will be dealt with, but the Company considers either a
change of the market segment or a change of the location of the stock
exchange. In any case, it will be taken care of that the Company's shares
continue to be eligible for trading also in the future.
For further information on Nextalarm AG please refer to www.nextalarm.com
and to www.nextalarm.de.
For further questions please contact our Investor Relations team directly:
NextAlarm AG Investor Relations Team
NextAlarm AG
Promenadeplatz 12
80333 Munich
Germany
phone: +49 89 24 41 18 416
Press contact for NextAlarm AG:
wordstatt GmbH
Dagmar Metzger
Tel: +49 89 35775790
E-mail: info(at)wordstatt.de
______________________________________________________________________
About NextAlarm AG and NextAlarm(R) Monitoring Services, Inc.
NextAlarm AG is the parent company of Ojai, California/USA based
NextAlarm(R) Monitoring Services, Inc. The US subsidiary was established in
the year 2000 by a team of alarm industry experts with more than 50 years
of collective experience and operates successfully in the US market with a
base of more than 13,000 customers.
The Company provides the answer to the monitoring and security needs of
private households and commercial customers. NextAlarm AG's products and
services portfolio includes a wireless monitoring and alarm system,
wireless indoor and outdoor cameras, a patented broadband adapter that
allows you to control most current alarm systems over the Internet as well
as an intelligent video monitoring system 'Next View'. For more information
about NextAlarm.com(R), visit www.nextalarm.com and www.nextalarm.de.
End of Corporate News
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156422 13.02.2012
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Datum: 13.02.2012 - 10:00 Uhr
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News-ID 113596
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