DGAP-News: SINGULUS TECHNOLOGIES Starts Buy-Back for Corporate Bond
(firmenpresse) - DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Bond
SINGULUS TECHNOLOGIES Starts Buy-Back for Corporate Bond
11.12.2012 / 08:15
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Press release
SINGULUS TECHNOLOGIES Starts Buy-Back for Corporate Bond
- Volume and duration of buy-back program limited
- Goal to finance growth remains
Kahl am Main, December 11, 2012 - The Executive Board of the SINGULUS
TECHNOLOGIES AG (SINGULUS) resolved to start a temporary and amount-limited
buy-back program for the 7.75 % bond (2012/2017) that was issued on March
23, 2012. The buy-back program is limited to max. EUR 3.0 million. It will
commence on December 11, 2012 and end on March 31, 2013 at the latest, if
the maximum number of bonds is not achieved at this point in time. The bank
commissioned with the transaction may not purchase more than 50 % of the
average daily volume of the bonds at the exchange, at which the purchase is
made. Each purchase price of the bonds may not exceed the respective
independent prior transaction price and may not exceed the highest
independent offer price at the exchange at the time of the purchase. The
buy-back program may, if required and legally admissible, be paused and
resumed at any time. The Company reserves the right to sell the corporate
bonds again.
The goal of financing growth, which was intended by the bond issue, still
remains. With the proceeds from the corporate bond SINGULUS already
finances larger projects in the Solar segment, the expansion of the system
partnership with producers of thin-film solar cells, the development of new
products in Solar and the development of manufacturing equipment for the
next generation of Blu-ray Discs.
A considerable amount of the proceeds is intended to be used to set up new
business areas in the vacuum coating technology through research and
development as well as through acquisitions of companies and company
divisions.
Dr.-Ing. Stefan Rinck, Chief Executive Officer of the SINGULUS TECHNOLOGIES
AG, comments: 'Our balance sheet remains stable and is still very solid
with an equity ratio of approximately 40 %. As of September 30, 2012
SINGULUS' liquid funds amounted to EUR 65.4 million. This equips us with
sufficient liquidity, which we will put to use for internal and external
growth in the next couple of years.'
Profile SINGULUS TECHNOLOGIES:
SINGULUS TECHNOLOGIES is the market leader in the business segment Optical
Disc for CD, DVD and Blu-ray Disc production equipment. In the Solar
segment, SINGULUS' goal is to attain a leading position in the silicon and
thin-film solar technology as a machine supplier as well as a development
partner and supplier of manufacturing equipment for new cell concepts. With
respect to production technology for CIGS/CIS thin-film solar cells,
SINGULUS is excellently positioned.
The activities in the division Semiconductor for vacuum deposition machines
are extensively strengthened to applications such as MRAM, sensors and
read/write elements. New application areas for vacuum deposition technology
are the focus of the further development.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main,
ISIN DE000A1MASJ4, WKN A1MASJ
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 6188 440612
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 1709202924
End of Corporate News
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11.12.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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: bernhard.krause(at)go-metacom.de
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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196560 11.12.2012
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