Press Release

Contact:

Bernhard Krause
Singulus Technologies AG
Hanauer Landstrasse 103, 63796 Kahl am Main, Germany
Tel.:     +49 (0) 1709202924
Fax:     +49 (0) 61 88 - 4 40 - 110
E-mail: Bernhard.Krause@Singulus.de
SINGULUS TECHNOLOGIES AG: Implementation of a capital increase of up to 10 % of share capital excluding pre-emptive rights
December 06, 2017
  • Issuance of up to 808,775 new bearer shares
  • Strengthening of equity base
  • Financing for order intake and new fields of activity

Kahl am Main, 06 December 2017 – The Management Board of SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) has today, with the consent of the Supervisory Board, resolved to implement a capital increase from approved capital pursuant to Article 5.2 of the company’s Articles of Incorporation, excluding the pre-emptive rights of shareholders. The share capital will be increased from EUR 8,087,775.00 to up to 8,896,527.00 by up to 808,775 new bearer shares each with a nominal value of EUR 1.00. The new shares will carry dividend rights from 1 January 2017.

M.M.Warburg will underwrite the new shares and offer them to institutional investors for acquisition through a private placement. The exact number of shares to be issued and the placement price will be determined by the Management Board, with the consent of the Supervisory Board, following completion of an accelerated book building process to be conducted by M.M.Warburg.

Dr.- Ing Stefan Rinck commented: “For us to succeed long-term and be in a position to handle the substantial orders coming in efficiently, our company needs a stable equity base. We also aim to establish a financial basis for our successful fledgling ventures into the new market segments.

SINGULUS TECHNOLOGIES intends to use the financial resources from the capital increase to finance corporate growth driven by incoming orders in the Solar segment, plus the entry into the new fields of activity of Decorative Coatings and Medical Technology.

Profile SINGULUS TECHNOLOGIES
SINGULUS TECHNOLOGIES builds machinery for efficient and low-resource production processes for the Solar, Semiconductor, Medical Technology, Consumer Goods and Optical Disc areas.

SINGULUS TECHNOLOGIES’ strategy is based on the use and expansion of its existing core competencies. SINGULUS TECHNOLOGIES focuses here on coating technology and various different techniques of surface processing, on wet-chemical processes and also on the related chemical and physical processing steps.

For all machines, processes and applications SINGULUS TECHNOLOGIES draws upon its know-how in the areas of automation and process technology. 

OK

We use cookies to ensure the functionality and security of this website. In addition, third parties may set up individual documents and pages cookies. By using this site, you agree to the use of cookies. For more information on changing this setting, and the cookies used can be found at this link.