DGAP-News: SINGULUS TECHNOLOGIES AG Successfully Concludes Capital Increase with Subscription Rights from Authorized Capital
(firmenpresse) - DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Capital Increase
SINGULUS TECHNOLOGIES AG Successfully Concludes Capital Increase with
Subscription Rights from Authorized Capital
20.06.2011 / 15:57
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Press Release
SINGULUS TECHNOLOGIES AG Successfully Concludes Capital Increase with
Subscription Rights from Authorized Capital
- Capital increase clearly oversubscribed
- Capital increase in the amount of up to EUR 26.0 million with high
subscription rate and high oversubscription successfully concluded
- Proceeds from capital increase will be invested in further growth
- Sales increase in the amount of 33 % forecast for 2011
- Executive Board and Supervisory Board exercised subscription rights
Kahl am Main, June 20, 2011 - The SINGULUS TECHNOLOGIES AG (SINGULUS)
successfully concluded the capital increase by 7,880,203 common bearer
shares in total with a nominal value of EUR 1.00 each and profit
entitlement from January 1, 2011 against payment in kind. The Capital
increase was clearly oversubscribed.
In the course of the rights offer concluded as scheduled on June 17, 2011,
the shareholders of the SINGULUS TECHNOLOGIES AG subscribed all 7,880,203
new shares by means of exercising their subscription rights and of
oversubscription. With the exercise of the subscription rights to subscribe
4,462,128 shares with a subscription rate of 56.6 %, 3,418,075 new shares
(about 43.4 %) were available for oversubscription. Overall, 28.75 million
new shares were requested for oversubscription. Due to this high
oversubscription, the actually submitted oversubscription is implemented
with a ratio of about 11.89 %.
The Executive Board and Supervisory Board deem this high subscription ratio
and the high request for oversubscription of the shareholders as a major
proof of trust in the future development of the SINGULUS TECHNOLOGIES AG.
The Executive Board and the Supervisory Board have exercised their
subscription rights to the full extent and have asked additionally for more
shares if available.
With the entry of the implementation of the capital increase into the
commercial register, which is expected to take place on June 22, 2011, the
total number of outstanding shares of the company rises to 48,930,314
shares. The delivery and payment for the new shares will presumably take
place on Friday, June 24, 2011, but after their admission to the stock
market at the earliest.
Capital increase: investment for the future of the company
The gross proceeds from the capital increase of up to EUR 26.0 million are
mainly intended for the expansion of the market leadership in the Optical
Disc division as well as the further accelerated expansion in the
strongly-growing Solar segment. To a lesser extent the proceeds are used to
repay debt to reduce costs and to be able to operate more independently.
For the full-year 2011 SINGULUS has issued a sales forecast of more than
EUR 160 million (+ 33 % compared with the previous year: EUR 120.1
million). Following three years with negative earnings, the company is
expected to post a positive result in 2011.
Profile SINGULUS TECHNOLOGIES AG:
SINGULUS plans to further expand its activities in the segments Solar and
Optical Disc. The goal is to attain a leading position in the silicon and
thin-film solar technology and to maintain the technologic leadership in
the Optical Disc segment.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 16096090279
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 1709202924
End of Corporate News
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20.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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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
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129176 20.06.2011
Datum: 20.06.2011 - 15:57 Uhr
Sprache: Deutsch
News-ID 34430
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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