DGAP-News: Press Release SINGULUS TECHNOLOGIES Resolves Capital Increase Including Subscription Rights
(firmenpresse) - DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Capital Increase
Press Release SINGULUS TECHNOLOGIES Resolves Capital Increase
Including Subscription Rights
27.05.2011 / 19:34
---------------------------------------------------------------------
Press Release
SINGULUS TECHNOLOGIES Resolves Capital Increase Including Subscription
Rights
- Capital raised will be invested in the solar market
- Proceeds from the capital increase secure long-term order financing
- 33 % increase in sales in 2011 expected as a result of high order
intake
Kahl am Main, 27 May, 2011 - The Executive Board of SINGULUS TECHNOLOGIES
AG (SINGULUS) resolved on May 27, 2011 with the approval of the Supervisory
Board from 27 May, 2011, to increase the nominal capital of EUR 41,050,111
by way of a use of its authorized capital I and III by up to EUR 7,880,203
to up to EUR 48,930,314 by issuing up to 7.880.203 new common bearer
shares with a nominal value of EUR 1.00 each and with full dividend
entitlement as of 1 January 2011 against contributions in cash.
equinet bank AG undertook to subscribe for the new shares and to offer them
to the existing shareholders of SINGULUS TECHNOLOGIES AG for subscription
by way of an indirect subscription right with a subscription ratio of 16 :
3 at a subscription price of EUR 3.30 for each new share. The subscription
period is expected to begin on June 4, 2011 and to end on June 17, 2011
(inclusive). Trading in the subscription rights will not be provided for.
Any new shares, which are not subscribed for can be purchased by the
existing shareholders in addition to their subscription rights by way of a
supplemental subscription. Details are to be set forth in the subscription
offer that is expected to be published on June 3, 2011 in the electronic
Federal Gazette and on the website of the company. In total the company
could expect gross proceeds of approx. EUR 26 Mio.
Capital Increase: Investing in the Future of the Company
The proceeds from the capital increased are mainly intended for investments
in the fast-growing Solar segment for the development of new products.
Furthermore pre-financing of major orders can be secured, making the
capital increase an investment in the future of the SINGULUS TECHNOLOGIES
AG and a guarantee for the long-term financing of further growth. To a
lesser extent the proceeds are also intended for the reduction of outside
financing in order to reduce costs and to secure independent operating. The
strongly upward moving Blu-ray market will provide a considerable
contribution to the operating income this year; in combination with the
proceeds from the capital increase SINGULUS meets the optimum preconditions
for further growth.
'We will employ the proceeds committed by the investors to develop new,
efficient machine concepts for the solar technology,' Dr.-Ing. Stefan
Rinck, Chief Executive Officer of SINGULUS TECHNOLOGIES AG, comments.
'Right now we are discussing interesting projects which we would like to
realise accordingly.'
SINGULUS plans to further extend its activities in the segments Solar and
Optical Disc. The target is to position itself at the forefront for silicon
and thin-film solar technology and to sustain the technology leadership in
the field of Optical Discs. Just recently the company was able to report
successes: With the received order in the amount of several BLULINE II
manufacturing systems and CRYSTALLINE mastering systems, SINGULUS clearly
proved its technologic know-how and competitive position in this new
segment.
Forecast of Positive Earnings and Sales Increase of 33 %
It was possible to increase the order intake already in the first quarter
of 2011 by 66 %. After receiving important orders in the last weeks as
well, the Executive Board of SINGULUS TECHNOLOGIES AG forecasted sales of
more than EUR 160 million for the business year 2011. This would mean a
turnover gain of at least 33 % in comparison to the previous year (business
year 2010: EUR 120.1 million). As further major orders will be completed
shortly, the order intake of the total year 2011 is expected to be
considerably higher than the sales expectancy. Following three years with
negative earnings, the company is expected to achieve a turnaround in 2011
and to post a positive result.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 96090279
Bernhard Krause, Unternehmenssprecher, Tel.: + 49 (0) 6181 98280 20/ +49
(0) 170 9202924
End of Corporate News
---------------------------------------------------------------------
27.05.2011 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
---------------------------------------------------------------------
Language: English
Company: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Deutschland
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
---------------------------------------------------------------------
126640 27.05.2011
Datum: 27.05.2011 - 19:34 Uhr
Sprache: Deutsch
News-ID 34247
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 281 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Press Release SINGULUS TECHNOLOGIES Resolves Capital Increase Including Subscription Rights"
steht unter der journalistisch-redaktionellen Verantwortung von
SINGULUS TECHNOLOGIES AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
