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.
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.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103, D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890