Press release BoxID: 620478 (Myriad Group AG)
  • Myriad Group AG
  • Langerstrasse 14
  • 8600 Dubendorf
  • Contact person
  • Andrew Toole
  • +44 (1625) 445701

Myriad Announces Successful Conclusion of Rights Issue

(PresseBox) (Zurich, Switzerland, ) Myriad Group AG (SIX Swiss Exchange: MYRN) today announces the successful conclusion of the Rights Issue approved by shareholders at an EGM on 15th August 2013. The initial subscription period closed today at noon with 28,396,329 shares taken up by rights holders. This amounted to 92.90% of the 30,566,830 shares with a nominal value of CHF 0.10 offered at under the capital increase program. The unexercised subscription rights to the remaining 2,170,501 shares will be allocated by the Board of Directors to interested parties in the best interest of the company. As a result the issue will be fully subscribed.

On completion of the capital increase, Myriad will receive CHF 20,924,226 net of loan repayment but before fees and stamp duty. Following the capital increase, Myriad's share capital totals CHF 9,170,049.00, divided into 90,170,049 shares with a nominal value of CHF 0.10 each.

The first day of trading of the new shares is expected to be September 3rd, 2013.

Erik Hansen, Chairman of the Board of Myriad Group, commented: "I am delighted to be able to announce the successful conclusion of the rights issue launched on 15th August. In my letter to shareholders with the half year results, I highlighted that the company has in front of it a unique opportunity through the exploitation its new messaging portfolio. With the successful conclusion of the rights issue, shareholders have given overwhelming support for the new Management team's strategy, and the company is now well placed to execute against its strategic plans for the business."

Myriad Group AG

Myriad delivers consumer applications, messaging solutions, and embedded software to leading OEMs, mobile operators, and pay TV providers worldwide.

Our messaging services deliver email, instant messaging and social networking to tens of millions of users in Latin America, Asia and Africa. Working with some of the world's most successful mobile phone operators, Myriad's market leading services enable consumers to connect to Internet services they want to reach in simple and affordable ways. In many cases, Myriad's services are providing them with their first experience of the Internet.

Our market proven and innovative connected home solutions are found in billions of mobile phones and tens of millions of set-top boxes and Blu-ray players. Myriad is now driving the convergence of mobile, tablets and TV having created a suite of exciting connected home solutions including app stores for the TV, media sharing and simple access to social networking services within a multi-device, multi-screen connected home environment.

We operate worldwide, with offices in Switzerland, France, UK, USA, Canada, Mexico, India, UAE, China, South Korea, Taiwan, Japan, and the Philippines. Headquartered in Zurich, Switzerland, Myriad is listed on the SIX Swiss Exchange (SIX Symbol: MYRN).

For more information please visit our website: You can also follow us on twitter@MyriadGroup and view our YouTube Channel -