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 - 1110
E-mail: Bernhard.Krause@Singulus.de
SINGULUS TECHNOLOGIES Aims to Improve Capital Structure
September 15, 2021

• Capital increase to strengthen liquidity
• Financing of corporate growth important aspect
• Bondholders and shareholders asked for approval
• Call for vote in a bondholders’ ballot without a meeting published today


Kahl am Main, September 15, 2021 - The SINGULUS TECHNOLOGIES AG has significant growth opportunities in all segments with a current order backlog exceeding € 110 million. The company was already able to report several new key orders in the recent past. Additional substantial order intake in the Solar segment is expected in the near future. In order to secure its future financial requirements the company plans to improve its capital structure.
Dr. Stefan Rinck, CEO of the SINGULUS TECHNOLOGIES, explains: “Our current order intake has increases to more than € 110 million. We will expand our existing operations in all segments. In order to base our business activities on an even broader foundation, we are developing machines for new application areas".

SINGULUS TECHNOLOGIES has reviewed several options to adjust and improve the company’s financial structure. For the financing of additional growth the company plans to implement a cash capital increase with subscription rights by the end of the current fiscal year. The company is in advanced talks with a financial investor, who will - under certain conditions – acquire all of the shares that are not subscribed by shareholders with subscription rights in the course of the capital increase. This is to ensure that all the shares can be placed in the course of the capital increase.

Depending on the amount that the shareholders entitled for subscription exercise their subscription rights, the acquisition of the remaining shares by the financial investors may result in a change of control within the meaning of Art. 5 of the current terms and conditions of the bond. In order to rule out, that the positive effects of a cash capital increase will be partially offset by an obligation to prematurely redeem the bond, SINGULUS TECHNOLOGIES asks the shareholders to temporarily waive their corresponding right in case of a change of control.

SINGULUS TECHNOLOGIES invites the bondholders to vote in a poll without a meeting within a period of time from Monday, October 4, 2021, 0:00 (CEST) until Wednesday, October 6, 2021, 24:00 (CEST). A vote without a meeting is the preferred option compared with a meeting in presence due to the COVID-19 pandemic and with regards to costs.

SINGULUS TECHNOLOGIES proposes to amend Art. 5 of the bond’s terms and conditions by a temporary waiver of the premature redemption at the option of the bondholders in the event a change of control. The temporary waiver is limited to a period of time from November 1, 2021 until the end of September 30, 2022, so that both a change of control in the course of the cash capital increase and in the course of a potential, subsequent replacement of the shares would be covered. From October 1, 2022, the bondholders would once again be entitled to their full rights in case of a change of control.

SINGULUS TECHNOLOGIES kindly asks all bondholders to take part in the vote and to approve the proposed resolutions in the interest of the company. With their approval they provide the basis for a positive future development of the company.

In order to obtain approval for the proposed capital measures, SINGULUS TECHNOLOGIES will also convene a general meeting for the company’s shareholders in the near future. The capital increase will raise the equity ratio and further improve the liquidity situation. The company will use the proceeds to strengthen the operating business activities, which primarily include the financing of ongoing and future projects as well as the broadening of the application range.

Once the audit certificate for the 2020 annual financial statements is available, the company will convene the Annual General Meeting for its shareholders.

SINGULUS TECHNOLOGIES – Technologies for a Sustainable World
Responsible and sustainable corporate governance is very important to SINGULUS TECHNOLOGIES. SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems for efficient and resource-saving production processes, which are used worldwide in the solar/hydrogen, semiconductor, medical technology, consumer goods and data storage sectors. SINGULUS TECHNOLOGIES regards sustainability as an opportunity to position itself with innovative products that follow this spirit.
In the focus are:
• environmental awareness
• efficient use of resources
• avoidance of unnecessary CO2 pollution
The company's core competencies include various processes of coating technology, surface treatment and wet-chemical and thermal production processes.

SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: +49 (0) 172 833 2224
Email: bernhard.krause@singulus.de

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