DGAP-News: Implementation of established growth strategy aided by successful corporate actions
(firmenpresse) - DGAP-News: AUTEV AG / Key word(s): Miscellaneous/Corporate Action
Implementation of established growth strategy aided by successful
corporate actions
20.03.2012 / 08:02
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AUTEV AG: Implementation of established growth strategy aided by successful
corporate actions
- Gross proceeds total approximately EUR1.1 million
- Positive response confirms confidence in AUTEV's business model
Brandenburg an der Havel, 20 March 2012 - AUTEV AG is announcing the
successful completion of the capital increase initiated at the end of
January 2012 and the issue of a convertible bond. The gross proceeds of
both corporate actions exceeded initial expectations, totalling some EUR1.1
million. The proceeds will increase working capital, used to pre-finance
major projects, and thus will help the company continue with its
established growth strategy.
'By successfully completing these corporate actions, we have taken a big
step in the further implementation of the growth strategy we have chosen.
The positive response from our investors, as reflected in the amount of
capital raised, is further confirmation of their confidence in the AUTEV
business model and the strategy we have established', commented Tim David,
member of AUTEV AG's Management Board.
The Management Board
About AUTEV AG
Over the years, the AUTEV AG has developed into an efficient and
internationally operating engineering and service company. Additionally,
the company is striving to achieve technology and market leadership in new
fields of business. As a result the company successfully entered the market
for energy efficient and CO2 reducing lighting technology. Following two
years of research, the AUTEV AG successfully introduced AuLED into the
market. AuLED is an innovative and energy saving lamp for streets and
industrial buildings, based on ultra-modern LED technology, which is
already currently being widely used.
Additional information about AUTEV AG can be found at www.autev.de
Contact:
Company Contact:
AUTEV AG
Carl-Reichstein-Strasse 6
D-14770 Brandenburg/Havel
Germany
www.autev.de
Tel.: +49 (0)3381 80 43 630
Fax: +49 (0)3381 80 43 635
info(at)autev.de
Investor Relations Contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
D-60329 Frankfurt/Main
Tel.: +49 (0)69 - 74 30 37 00
Fax: +49 (0)69 - 74 30 37 22
ir-autev(at)gfei.de
www.gfei.de
End of Corporate News
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20.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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