Nanogate AG: Capital Increase Agreed

(PresseBox) ( Göttelborn, Germany, )
Nanogate AG, a leading global specialist for design-oriented high-tech surfaces and components, is planning to increase the company’s share capital from authorized capital with the exclusion of subscription rights. The aim is to strengthen its capital base for implementing the Phase5 growth strategy.

With the approval of the Supervisory Board, the Management Board of Nanogate AG has today decided to increase the company’s share capital from the current EUR 4,176,180.00 by up to EUR 337,771.00 to up to EUR 4,513,951.00 by issuing up to 337,771 new no-par-value shares via partial utilization of the existing authorized capital against contribution in cash. The subscription rights of existing shareholders are to be excluded. The new shares shall be entitled to a dividend from the 2017 fiscal year and are to be privately placed with selected, qualified and long-term institutional investors at a placement price of EUR 42.00 per share. Nanogate intends to finance additional technologies and capacities for its planned growth with the revenue from the capital increase. The cash inflow is also to partially contribute to refinancing the acquisition of around 80 % of the shares in Jay Plastics (now Nanogate Jay Systems), a division of Jay Industries, Inc., which was concluded in January 2017. The capital increase is being accompanied by Hauck & Aufhäuser Privatbankiers KGaA and M.M. Warburg & CO (AG & Co.) KGaA.

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