co.don AG: Correction to the press release dated 9 August 2012
(Thomson Reuters ONE) -
co.don AG /
co.don AG: Correction to the press release dated 9 August 2012
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Teltow, 13 August 2012 - On 9 August 2012, co.don AG (ISIN DE000A1K0227) issued
a press statement reporting that the shareholders' meeting held on 8 August
2012 had approved a proposal on a capital increase put forward by the Executive
Board and Supervisory Board. co.don AG hereby clarifies this statement to the
extent that the shareholders' meeting held on 8 August 2012 did not itself vote
on a capital increase, but rather voted to create new approved capital of
?3,554,292.00, as was correctly reported.
The press release dated 9 August 2012 further reported that the creation of new
approved capital had increased the company's share capital from ?7,108,584 to
?10,662,876. This is not correct. What is correct is that once the new approved
capital has been entered in the commercial register, the Executive Board is
authorised to increase existing share capital by up to ?3,554,292 from
?7,108,584 to ?10,662,876. In its ad hoc notification dated 27 June 2012, co.don
AG announced that two investors, TRANS NOVA INVESTMENTS and OSEMIFARO
INVESTMENTS LTD had each given the company a commitment to subscribe for
1,777,146 new shares at an issue price of ?1.10, if the Executive Board decides
to make use of the new approved capital and to increase the share capital
accordingly.
The new funding of around EUR 3.9 million that this would bring would cover the
company's financing needs, in particular the substantial expenses for two
clinical trials to obtain the central marketing authorisation for co.don AG's
main product from the European Medicines Agency.
Further information:
Matthias Meißner, M.A.
Investor relations
ir(at)codon.de
Established: +++ 1993 +++
Executive Board: +++ Dr. Andreas Baltrusch, Dipl.-Ing. Vilma Siodla +++
Facts: +++ IPO: 14.02.2001 +++ WKN A1K022+++ CNWK
Press release (PDF):
http://hugin.info/132731/R/1633615/524288.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: co.don AG via Thomson Reuters ONE
[HUG#1633615]
Unternehmensinformation / Kurzprofil:
Datum: 13.08.2012 - 19:10 Uhr
Sprache: Deutsch
News-ID 174053
Anzahl Zeichen: 2940
contact information:
Town:
Teltow
Kategorie:
Business News
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