Corporate | 26 July 2016 08:00


SINGULUS TECHNOLOGIES Reports Results of Liquidation and Amount of Cash Compensation

DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Bond

2016-07-26 / 08:00
The issuer is solely responsible for the content of this announcement.


Press Release

SINGULUS TECHNOLOGIES Reports Results of Liquidation and Amount of Cash Compensation

Kahl am Main, July 26, 2016 – The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) hereby reports on the results of the liquidation of the new shares (WKN A1681X / ISIN DE000A1681X5) and the new bonds (WKN A2AA5J / ISIN DE000A2AA5H5) and the amount of the share cash compensation as well as the bond cash compensation pursuant to the resolution of the bondholder meeting as of February 15, 2016 under agenda item 11.2.

Overall, 1,034,496 liquidation shares and 21,420 liquidation bonds with a fixed purchase price of EUR 3.25 per liquidation share and EUR 71.25 per liquidation bond were allocated and sold pursuant to the terms of the acquisition offer.

The net sales proceeds less liquidation expenses will be distributed to the bondholders, who did not exercise their respective acquisition rights, as share and bond cash compensation, as follows:
* share cash compensation: EUR 312.00 per share acquisition right that was not exercised (corresponds to 96 new shares)
* bond cash compensation: EUR 142.50 per bond acquisition right that was not exercised (corresponds to 2 new bonds with a nominal value of EUR 100.00 each)

The payments of the share cash compensation and the bond cash compensation is scheduled to be effected between July 27. and 29., 2016.

SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
63796 Kahl am Main, Germany,
New shares: WKN A1681X / ISIN DE000A1681X5
New bonds: WKN A2AA5H / ISIN DE000A2AA5H5

Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0)160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: + 49 (0)170 9202924
e-mail: bernhard.krause@singulus.de



2016-07-26 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: bernhard.krause@singulus.de
Internet: www.singulus.de
ISIN: DE000A1681X5, DE000A2AA5H5
WKN: A1681X, A2AA5H
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service

show this