Hanauer Landstrasse 103
63796 Kahl am Main, de
+49 (170) 9202924
Announcement with regards to the implementation of a subscription right capital increase and the fixing of the subscription price to € 3.25 per new share as well as publication of the sales forecast for the current business year 2016 and business year 201
In the course of a subscription right capital increase SINGULUS TECHNOLOGIES will offer up to 2,021,938 new shares. The subscription price per new share amounts to € 3.25. The new shares bear full profit sharing rights from January 1, 2016 and will be offered to shareholders with a subscription ratio of 3 to 1, i.e. for three existing shares one new share of the company can be relate. The subscription period will probably start on September 22, 2016 and will last until October 5, 2016 (including).
More information about the subscription right capital increase can be find in the SINGULUS TECHNOLOGIES prospectus which will be published after the approval by the Bundesanstalt für Finanzdienstleistungen (BaFin), which is expected for September 20, 2016 and which will presumably be published in the German Federal Gazette on September 21, 2016.
The company has specified the sales forecast for the current and the following business year and expects sales in a range of around € 68 to € 78 million in the current business year. Due to the delayed orders from subsidiaries of the Chinese state-owned enterprise CNBM, a large part of sales and profits for these orders will only be realized in the business year 2017.
For the fiscal year 2017, the issuer expects a continuing favorable trend of the demand for machinery for the production of solar cells. In this case, according to the company’s assessment, this increase could result in a doubling of the sales level achieved in the business year 2016.
The securities prospectus will be published after approval at the Company's website (http://www.singulus.de/de/investorrelations.html).
This document and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities of Singulus Technologies AG (the 'Company') in the United States or in any other jurisdiction. This announcement may not be published, distributed or transmitted, directly or indirectly, in or into the United States, Canada, Australia, Japan or South Africa. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the 'Securities Act'). The securities of the Company have not been, and will not be, registered under the Securities Act or under the applicable securities laws of Australia, Canada, Japan or South Africa. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Any potential offer will be made exclusively through and on the basis of a published prospectus. Any offer will be made exclusively through and on the basis of a prospectus that must be published in Germany as supplemented by additional information related to the offer outside of Germany.
This announcement may include statements that are, or may be deemed to be, 'forward-looking statements'. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms 'believes', 'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 'will' or 'should' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made. The Company does not assume, and expressly disclaims, any obligations or undertaking to update, review or revise any forward-looking statements, whether as a result of new information, future developments.
Die Nutzung von hier veröffentlichten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Bei Veröffentlichung senden Sie bitte ein Belegexemplar an email@example.com.