DGAP-News: SINGULUS TECHNOLOGIES AG Extends and Increases Buy-Back Program for Corporate Bond
(firmenpresse) - DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Bond
SINGULUS TECHNOLOGIES AG Extends and Increases Buy-Back Program for
Corporate Bond
27.06.2013 / 08:00
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SINGULUS TECHNOLOGIES Extends and Increases Buy-Back Program for Corporate
Bond
* Buy-back program extended until December 31, 2013
* Volume increased to EUR 5.0 million in total
Kahl am Main, June 27, 2013 - With approval of the Supervisory Board the
Executive Board of the SINGULUS TECHNOLOGIES AG (SINGULUS) resolved the
renewed extension of the buy-back program, which was so far initiated on
December 11, 2012 and originally expired on June 30, 2013, until December
31, 2013 for the bonds issued on March 23, 2012 (WKN: A1MASJ, ISIN:
DE000A1MASJ4). The total volume of the buy-back program from December 11,
2012 was increased to EUR 5.0 million at maximum. The other conditions of
the program remain unchanged.
Up to date bonds with a volume of EUR 2.3 million were acquired.
Dr.-Ing. Stefan Rinck, Chief Executive Officer of the SINGULUS TECHNOLOGIES
AG, comments: 'We have sufficient liquid funds to finance the new
developments of innovative products and to safeguard our growth. If we
should opt for an interesting acquisition target or require funds for
additional growth financing, we reserve the right to once again sell the
acquired bonds.'
Profile SINGULUS TECHNOLOGIES:
SINGULUS TECHNOLOGIES develops innovative technologies for efficient
production processes, which only make use of resources conservatively. New
production technology combined with sustainable processes and the use of
novel materials can decouple the use of resources from economic growth in
the long-term. SINGULUS TECHNOLOGIES' innovative power and competitiveness
are strengthened by these new technologic developments.
With its Optical Disc segment SINGULUS TECHNOLOGIES is the market leader
for CD, DVD and Blu-ray Disc production equipment. As the only engineering
company worldwide SINGULUS TECHNOLOGIES today already provides the machine
technology for three-layer Blu-ray Discs with a storage volume of about 100
GB.
In the Solar division SINGULUS TECHNOLOGIES is a recognized supplier for
new machines concepts and production processes for crystalline and
thin-film solar cells, which increase the efficiency of solar cells and
reduce their production costs. SINGULUS TECHNOLOGIES establishes itself as
a development partner and machine supplier for technologies enabling a
sustainable energy provision on the basis of renewable energies.
In the Semiconductor segment SINGULUS TECHNOLOGIES focuses its activities
on the vacuum coating of wafers with ultra thin layers for the production
of MRAM memory, thin-film write/read heads and other semiconductor
applications.
SINGULUS TECHNOLOGIES continues to expand its know-how in vacuum coating,
the automation and process technology as well as the integration of
manufacturing lines in order to develop new work areas. To strengthen the
existing business activities SINGULUS TECHNOLOGIES is currently reviewing
concrete acquisition opportunities.
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: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations,
Tel.: + 49 (0) 6188 440 612,
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 6181 98280 20 / +49 (0) 170 920 29 24,
bernhard.krause(at)singulus.de
End of Corporate News
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27.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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, DE000A1MASJ4
WKN: 723890, A1MASJ
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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