DGAP-Adhoc: SINGULUS TECHNOLOGIES AG: Announcement with regards to the implementation of a subscription right capital increase and the fixing of the subscription price to EUR 3.25 per new share as well as publication of the sales forecast for the current business year 2016 and business year 2017
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DGAP-Ad-hoc: SINGULUS TECHNOLOGIES AG / Key word(s): Capital Increase The information contained herein is not for publication or distribution in or into the United States of America, Canada, Japan or Australia. Announcement of Insider Information Pursuant to Art. 17 MAR Key word(s): Subscription offer / fixed subscription price / capital increase / sales forecast Announcement with regards to the implementation of a subscription right capital increase and the fixing of the subscription price to EUR 3.25 per new share as well as publication of the sales forecast for the current business year 2016 and business year 2017 Kahl am Main, September 19, 2016 - The SINGULUS TECHNOLOGIES Aktiengesellschaft (SINGULUS TECHNOLOGIES) (WKN A1681X / ISIN DE000A1681X5) announces the implementation of a subscription right capital increase and fixes the subscription right at EUR 3.25 per new share. In the course of a subscription right capital increase SINGULUS TECHNOLOGIES will offer up to 2,021,938 new shares. The subscription price per new share amounts to EUR 3.25. The new shares bear full profit sharing rights from January 1, 2016 and will be offered to shareholders with a subscription ratio of 3 to 1, i.e. for three existing shares one new share of the company can be relate. The subscription period will probably start on September 22, 2016 and will last until October 5, 2016 (including). More information about the subscription right capital increase can be find in the SINGULUS TECHNOLOGIES prospectus which will be published after the approval by the Bundesanstalt für Finanzdienstleistungen (BaFin), which is expected for September 20, 2016 and which will presumably be published in the German Federal Gazette on September 21, 2016. The company has specified the sales forecast for the current and the following business year and expects sales in a range of around EUR 68 to EUR 78 million in the current business year. Due to the delayed orders from subsidiaries of the Chinese state-owned enterprise CNBM, a large part of sales and profits for these orders will only be realized in the business year 2017. For the fiscal year 2017, the issuer expects a continuing favorable trend of the demand for machinery for the production of solar cells. In this case, according to the company's assessment, this increase could result in a doubling of the sales level achieved in the business year 2016. The securities prospectus will be published after approval at the Company's website (http://www.singulus.de/de/investorrelations.html). SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, Contact: This announcement may include statements that are, or may be deemed to be, 'forward-looking statements'. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms 'believes', 'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 'will' or 'should' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made. The Company does not assume, and expressly disclaims, any obligations or undertaking to update, review or revise any forward-looking statements, whether as a result of new information, future developments.
19-Sep-2016 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | SINGULUS TECHNOLOGIES AG |
Hanauer Landstrasse 103 | |
63796 Kahl am Main | |
Germany | |
Phone: | +49 (0)1709202924 |
Fax: | +49 (0)6188 440-110 |
E-mail: | [email protected] |
Internet: | www.singulus.de |
ISIN: | DE000A1681X5, DE000A2AA5H5 |
WKN: | A1681X, A2AA5H |
Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |
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