Ad-hoc | 5 August 2005 11:35
Süss MicroTec AG increases Capital Stock
Ad hoc announcement §15 WpHG
Capital Increase
Süss MicroTec AG increases Capital Stock
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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· Increase in Liquidity Reserve
· Placement Guarantee Given
Munich, August 5, 2005 – The SÜSS MicroTec AG Management Board today decided,
with the Supervisory Board’s approval, to issue up to 1,456,084 new shares to
strengthen the company’s equity base. The increase in capital stock will
provide for a rights offer of new shares to all shareholders. The subscription
period will probably begin on August 10, 2005 and end on August 26, 2005. The
company has received from Supervisory Board chairman Dr. Winfried Süss a
placement guarantee for the entire sum of the cash increase in capital stock.
Further details will be outlined in the rights offer, which is likely to be
published on August 09, 2005 in the “Financial Times Deutschland” as well as
in the “Bundesanzeiger” (electronic version). equinet Securities AG will
accompany the capital increase.
The subscription price of EUR 4,70 is based on the volume-weighted average
stock-market price (Bloomberg AQR) of the last five trading days prior to the
Board’s decision less a discount of almost 10%. There will be no trading in
subscription rights. The new stock will be entitled to a share in profits from
January 1, 2005.
The company intends to use the inflow of funds to maintain its short-term
liquidity at a comfortable level after the redemption in October 2005 of the
first tranche of the 2003 convertible bond issue, totaling EUR 5.6 million. In
addition to this, the company anticipates sufficient inflows of liquidity
from its operative business in the future.
Registered capital stock will increase from EUR 15,156,884 by up to EUR
1,456,084 to up to EUR 16,612,968. The Munich-based semiconductor equipment
supplier will thereby raise some of the approved capital that the annual
shareholders’ meeting agreed on June 16, 2004.
SÜSS MicroTec AG published figures for the 2nd quarter of 2005 on July 29,
2005.
For further information please contact:
SÜSS MicroTec AG
Investor Relations
Barbara v. Frankenberg
Tel.: +49 (0) 89 / 320 07-314
Fax: +49 (0) 89/ 320 07-450
E-Mail: b.frankenberg@suss.de
Süss MicroTec AG
Schleissheimer Strasse 90
85748 Garching b. München
Deutschland
ISIN: DE0007226706
WKN: 722670
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, München und Stuttgart
End of ad hoc announcement (c)DGAP 05.08.2005
051135 Aug 05