Ad-hoc | 25 September 2001 20:34
TePla AG
english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
TePla increases share capital
The Management Board and Supervisory Board of TePla AG have decided in their
meeting on September 25, 2001 on a cash-based share capital increase using
authorized stock and excluding other subscription rights. A total of 680,000 new
bearer shares are being issued. The issue price of 2.56 EUR per share is higher
than the closing price on the day before the resolution, and higher than the
average closing price during the past 40 days of stock market trading.
As a result of this measure, the capital resources available to TePla are
increased by around 1.7 million EUR. By rigorously executing its growth
strategy, and despite the crisis currently afflicting the semiconductor market,
the company succeeded during the first half of 2001 in enhancing its presence on
that market, adding a number of big-name players to its clientele. Due to
expansion of the Industrial/Medical business unit, the company meanwhile
generates more than 50 percent of its sales revenue in less cyclical sectors of
the economy. The additional capital flowing into the company as a result of the
share capital increase provides a more robust financial basis for further
implementation of corporate strategy.
80 percent of share capital increase will be financed by the Deutsche Effecten-
und Wechsel-Beteiligungsgesellschaft AG (DEWB), which had already invested in
TePla as a provider of venture capital prior to the initial public offering in
June 1999. The TePla Management Board will subscribe the remaining 20 percent of
the share capital increase, thus acquiring almost 4 percent of the company’s
stock and demonstrating as an investor its confidence in the strategy and
products of TePla.
end of ad-hoc-announcement (c)DGAP 25.09.2001
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
By subscribing 544,000 newly issued shares, DEWB increases its holding in TePla
AG to more than 25 percent.
An additional 136,000 shares will be subscribed in equal amounts by Friedrich G.
Meyer, CEO of TePla AG, and Craig A. Walker, the CFO. In this way, the
management is committing itself to the long-term success of TePla and
underscores that commitment by imposing a 12-month lock-up period on the newly-
issued shares.
——————————————————————————–
WKN: 746100; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
252034 Sep 01