Frankfurt am Main | April 29, 2010
euromicron AG adopts capital increase without subscription rights from authorized capital
The Executive Board of euromicron AG adopted a resolution on April 29, 2010, with the consent of the Supervisory Board dated April 29, 2010, to increase the capital stock of the company of €11,914,000.00, which is divided into 4,660,000 no-par bearer shares, by up to €1,191,397.44 to a maximum of €13,105,397.44 in exchange for cash contributions. Up to 465,999 no-par bearer shares with a full entitlement to a share in profits as of fiscal year 2010 are to be issued. The subscription right of shareholders is excluded pursuant to the authorization in Section 5 (4) Sentence 4 of the Articles of Association.
The up to 465,999 new shares will be offered to German and international institutional investors by way of the accelerated bookbuilding method.
The funds from the capital increase will be part of the financing line for the company’s growth and the innovation program for new products and systems and will mainly be used to expand the capital structure, strengthen the equity ratio and reduce outside borrowing. The company will thus increase its financial flexibility for the next stage of the corporate strategy.
The Frankfurt-based investment bank equinet AG will act as sole lead manager and sole bookrunner in the transaction.