DGAP-News: Scutum Capital AG: Capital Increase Significantly Over-Subscribed
(firmenpresse) - DGAP-News: Scutum Capital AG / Key word(s): Corporate Action
Scutum Capital AG: Capital Increase Significantly Over-Subscribed
16.11.2011 / 11:12
---------------------------------------------------------------------
Scutum Capital AG: Capital Increase Significantly Over-Subscribed
Scutum Capital AG, Munich: The current capital increase with subscription
rights, in which up to 30.000 new shares could be purchased at a share
price of EUR 45/share, has been placed very successfully and all shares
have been subscribed to. The total volume raised by this capital increase
is EUR 1.350.000. The private placement, which gave interested private and
strategic investors the chance to subscribe to the new shares, which were
not subscribed by the regular shareholders through their subscription
rights, was significantly over-subscribed. In order to thank all these
subscribers of the private placement for their sign of confidence and to
further strengthen the capital base of the company, the Management Board
has decided - with approval of the Supervisory Board - to conduct an
additional capital increase on the same terms, but without subscription
rights for existing shareholders. This capital increase will offer up to
10.000 additional shares at an identical share price of EUR 45/share.
Both capital increases should be filed for registration at the commercial
register of the local court of Munich during the month of November. The
transactions have been accompanied by Lang&Schwarz Broker GmbH,
Düsseldorf.
The proceeds from both capital increases will mainly be allocated for the
financing of the current test phase of the first industrial Pyrolyx-reactor
line and for the commercial development of the company during the coming
year.
Scutum Capital AG owns all intellectual property related to the Pyrolyx
environmental technology, especially one patent application and specific
process know-how. This unique, innovative process in the field of
environmental technology is aimed at commercially recycling valuable raw
materials such as Carbon Black, oil and gas from common rubber resins that
are produced from old car tires or other rubber based waste. Under the
domain www.pyrolyx.com detailed information on the Pyrolyx environmental
technology is available. Beside the presentation of the world market for
tires, there will also be a section that shows the first test results from
the tire industry. A wide range of information on the basic idea of the
technology and on the spectrum of the Pyrolyx services and products can
also be found on the new website.
Munich, November 16, 2011
Niels Raeder&Fikret Dülger
Board Members Scutum Capital AG
www.scutum-capital.de
End of Corporate News
---------------------------------------------------------------------
16.11.2011 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: Scutum Capital AG
Nymphenburger Str. 70
80335 München
Germany
Phone: +49 (0)89 856 335 58
Fax: +49 (0)89 856 335 55
E-mail: info(at)scutum-capital.de
Internet: www.scutum-capital.de
ISIN: DE000A0MFXR8
WKN: A0MFXR
Listed: Open Market in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------
146582 16.11.2011
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 16.11.2011 - 11:12 Uhr
Sprache: Deutsch
News-ID 88345
Anzahl Zeichen: 4223
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 258 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Scutum Capital AG: Capital Increase Significantly Over-Subscribed"
steht unter der journalistisch-redaktionellen Verantwortung von
Scutum Capital AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
