Corporate | 4 March 2010 20:25
SINGULUS TECHNOLOGIES AG / Capital Increase
04.03.2010 20:25
Dissemination of a Corporate News, transmitted by
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The issuer / publisher is solely responsible for the content of this announcement.
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Press Release
SINGULUS TECHNOLOGIES Resolves Capital Increase Excluding Subscription
Rights from Authorized Capital
- Capital raised employed for growth financing
- Equity ratio strengthened
- Long-term company financing secured
- SINGULUS TECHNOLOGIES returns to the TecDAX
- New solar products to be launched promptly
- Positive trend for Blu-ray with growth of 60 %
Kahl am Main, March 04, 2010 - The Executive Board of the SINGULUS
TECHNOLOGIES AG (SINGULUS) on March 04, 2010 agreed a capital increase for
cash with the approval of the Supervisory Board dated March 04, 2010.
Accordingly, the nominal capital of currently EUR 37,355,471, split into
37,355,471 common bearer shares with a nominal value of EUR 1.00 each, will
be increased by up to EUR 3,694,640 up to an amount of EUR 41,050,111 by
contribution in cash.
Up to 3,694,640 common bearer shares with dividend entitlement from the
business year 2009 are intended to be issued. The subscription rights of
existing shareholders are excluded pursuant to the authorization in Art. 5
Para. 2 Sent. 4 of the articles of incorporation. The up to 3,694,640 new
common shares will be offered to German and international institutional
investors by means of an accelerated book-building process. The
Frankfurt-based investment bank equinet AG act as sole lead manager and
sole book-runner for this transaction.
In addition, SINGULUS has agreed long-term financing with a consortium of
banks. A respective agreement was signed with the involved banks. In this
connection a syndicated loan facility with new terms until the end of 2012
was agreed. Together with the cash available this credit line provides the
SINGULUS TECHNOLOGIES Group adequate financial flexibility.
SINGULUS TECHNOLOGIES returns to the TecDAX
During the regular reassessment of indices at Deutsche Börse the decision
was taken on March 03, 2010 to readmit SINGULUS effective from March 22,
2010, to the TecDAX. SINGULUS had been removed from the TecDAX on September
3, 2009 and is now able to returned to Deutsche Börse's growth segment
after only six months. This will make SINGULUS shares an increasingly
attractive proposition for national and international investors and also
bring it to the attention of funds that are only allowed to invest in such
indices.
Financing of growth secured
The proceeds from the capital increased are mainly intended for the
financing of the further growth and to a lesser extent for the reduction of
debt financing. SINGULUS will considerably expand its activities in the
Solar segments and intensify its market activities. The company's target is
to position itself at the forefront for the introduction of new
technologies with respect to silicon as well as thin-film solar technology.
In the future SINGULUS will not only supply individual machines and
equipment for the silicon solar technology but will actively market
so-called front end systems as well as complete production systems for the
cell production with process know-how in the solar market. SINGULUS and
STANGL already possess the necessary basic expertise for wet-chemical and
AR-coating processes. This enhancement of the business model from single
machines towards systems was also successful in the Optical Disc market
some years ago.
SINGULUS also developed new production concepts for the thin-film solar
technology segment and will launch these in 2010. SINGULUS was able to
report a first success: With the recently received order in the amount of
about EUR 19 million for production equipment for the manufacturing of a
new generation of thin-film solar cells, SINGULUS already clearly proved
its technologic know-how and competitive position in this new segment.
Roland Lacher, Chief Executive Officer, comments: 'This order was a very
important breakthrough in the establishment of our second business area of
machines and equipment for photovoltaics. We will employ the money
committed by investors to develop new and particularly cost-efficient
machine concepts for the solar sector. The enhancement of the strategy - to
become OEM supplier as well as system provider - will offer the company new
and additional opportunities.
Optical Disc segment with Blu-ray on the upturn
The new Blu-ray format continued to develop favorably and established
itself as a standard for movies in high-definition quality. As a favorable
trend the demand for the new format of the third generation continues to
grow worldwide. For 2010 the market research institute Future Source
projects a growth rate of 60 %.
Up to now, SINGULUS has delivered more than 70 Blu-ray production machines
to customers around the world. The latest technologic developments will
enable additional new applications for the Blu-ray format in the future.
The new 3D movie technology with HD resolution will revolutionize the media
world. Movies in 3D format require 75 to 100 GB storage capacity and can
only be saved on Blu-ray Discs. Due to these trends we expect substantial
growth impulses for our Blu-ray machine activities in 2010.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 6188 440 612,
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 6181 98280 20/
+49, (0) 170 9202924
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,
CANADA, JAPAN AND AUSTRALIA.
Disclaimer:
This publication is for information purposes only and does not constitute
or form part of, and should not be construed as an offer or an invitation
to sell, or issue or the solicitation of any offer to buy or subscribe for,
any securities. In connection with this transaction there has not been, nor
will there be, any public offering. No prospectus will be prepared in
connection with the offering of the shares. The shares may not be offered
to the public in any jurisdiction in circumstances which would require the
issuer to prepare or register any prospectus or offering document relating
to the shares in such jurisdiction.
The distribution of this publication and the offer and sale of the shares
in certain jurisdictions may be restricted by law. Any persons reading this
publication should inform themselves of and observe any such restrictions.
This publication does not constitute an offer to sell or a solicitation of
an offer to purchase any securities in the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the 'Securities Act') or the laws of
any state within the U.S., and may not be offered or sold in the
UnitedStates or to or for the account or benefit of U.S. persons, except in
atransaction not subject to, or pursuant to an applicable exemption from,
the registration requirements of the Securities Act or any state securities
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distributed or sent into the United States, or in any other jurisdiction in
which offers or sales of the securities described herein would be
prohibited by applicable laws and should not be distributed to United
States persons or publications with a general circulation in the
UnitedStates. No offering of the shares is being made in the United States.
In the United Kingdom, this publication is only being distributed to and is
only directed at (i) persons who have professional experience in matters
relating to investments falling within Article 19(1) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
'Order') and (ii) high net worth entities falling within Article 49(2) of
the Order and (iii) persons to whom it would otherwise be lawful to
distribute it (all such persons together being referred to as
'relevantpersons'). The shares are only available to, and any invitation,
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will be engaged in only with, relevant persons. Any person who is not a
relevant person should not act or rely on this publication or any of its
contents.
Contact:
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations,
Tel.: + 49 (0) 6188 440 612,
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 6181 98280 20 / +49 (0) 170 9202924
04.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Deutschland
Phone: +49 (0)1709202924
Fax: +49 (0)6188 440-110
E-mail: bernhard.krause@go-metacom.de
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
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