Press release BoxID: 633783 (ItN Nanovation AG)
  • ItN Nanovation AG
  • Untertürkheimer Straße 25
  • 66117 Saarbrücken
  • Contact person
  • Marc Mühlensiepen
  • +49 (681) 5001-819

ItN Nanovation AG: Subscription period for capital increase starts on 21 October 2013

(PresseBox) (Saarbrücken, ) .
- Subscription price will be 2.27 Euro per share
- Subscription period ends on 4 November 2013
- Oversubscription possible
- Funds will be used to secure liquidity and to finance the company's growth

The Supervisory and the Management Board of ItN Nanovation AG (ISIN DE000A0JL461) - based on the resolution passed on the Annual General Meeting of 21 August 2013 - have decided to perform a capital increase with subscription rights against cash contribution. With this measure, the share capital will be increased to up to 13,520,207 EUR by issuing up to 1,687,441 new shares.

The current shareholders of the company may acquire new shares exercising their subscription right in a ratio of 7:1 at a price of 2.27 EUR per share from 21 October 2013 until 4 November 2013 (4 p.m.). Within the subscription period, shareholders may submit a binding subscription offer for an oversubscription; the allocation of shares cannot be granted, however. Subscription rights will not be traded. In addition, unsubscribed shares may be offered in a private placement for the price of 2.27 EUR. The new shares are entitled to profit-sharing from 1 January 2013.

The gross proceeds from the capital increase will correspondingly amount to 3.8 million EUR. The fresh funds are to secure liquidity and to strengthen equity. Furthermore, they will be needed to finance the expected dynamic growth of the company.