Subscription of New Shares and New Bonds Free of Charge through Subscription Offer

Kahl am Main, (PresseBox) -
Bondholders have already received subscription rights for new shares and new bonds in their accounts

Exercise of subscription rights is mandatory to receive new shares and bonds

Subscription of new securities through free-of-charge exchange of the subscription rights into new shares and new bonds

Exercise period for the subscription rights from June 29, 2016 until July 13 2016 (both dates included)


 The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) has published on its website the offer for the free-of-charge subscription of new shares and new bonds with respect to the bond with identifier WKN A1MASJ / ISIN DE000A1MASJ4 issued by SINGULUS TECHNOLOGIES.

The subscription offer provides that the bondholders will receive free of charge for each former SINGULUS bond with a nominal value of € 1,000.00 each (including all ancillary claims) ninety-six (96) new shares and two (2) new bonds with a nominal value of € 100.00. If the former bondholders refrain from exercising the free subscription rights or if the rights are not exercised in due time, the rights will remain in the account and will be sold by the clearing bank and the joint representative. The bondholders will then receive a potential cash compensation. For the time being, the compensation from the sale of these subscription rights is unknown and therefore the cash compensation may be very small. 

Pursuant to the resolution of the bondholder meeting on February 15, 2016, the former SINGULUS bonds were already canceled from the accounts of the bondholders on June 23, 2016 and in exchange subscription rights for new shares and new bonds were booked.

In order to exercise the free-of-charge subscription rights and to receive the new shares and/or the new bonds, bondholders have to contact their custodian bank within the subscription period and give respective instructions.

The subscription period is from June 29, 2016 until July 13, 2016 (both dates included). The exercise of the subscription rights is only within the due dates, if the transfer of the subscription rights is concluded by the end of the subscription period.

The bondholder will only incur custodian fees and commissions for the exercise.

If bondholders do not exercise their subscription rights for new shares and/or new bonds or do not exercise them within the subscription period, these rights will by offered to other bondholders, shareholders of the company and third parties by ODDO SEYDLER BANK AG. Interested parties are able to submit relevant purchase offers through the company’s website (http://www.singulus.de/de/investor-relations.html) during the subscription period from June 29, 2016 until July 15, 2016 (both dates included). The purchase price for the unsubscribed shares and unsubscribed bonds will be determined and published after the end of the subscription period on July 18, 2016. The purchase offers for the new shares and new bonds that are unsubscribed by the former bondholders may be separately submitted.

Trading of the subscription rights is neither provided for nor scheduled by the company and the clearing company. A quotation of the subscription rights on an exchange has not been applied for, either. A purchase or sale of the subscription rights on an exchange is thus not possible. However, the subscription rights are transferable subject to the relevant legal regulations.

The subscription offer is based on the prospectus for the new shares and new bonds, which was reviewed and approved in terms of completeness, coherence and comprehensibility by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht/ BaFin). The prospectus is available on the company’s website under http://www.singulus.de/de/investor-relations.html. Possible future addenda to the prospectus will also be published there.

Planned schedule

•    The prospectus will be published on the company’s website on June 27, 2016.
•    The subscription rights for new shares and new bonds can be exercised during the subscription period from June 29, 2016 until July 13, 2016 (both dates included).
•    Purchase offers for new shares and new bonds, which are not subscribed by bondholders, can be submitted from June 29, 2016 until July 15, 2016 (both dates included).
•    The price for the new shares and new bonds, which are not subscribed by the bondholders in the course of the subscription offer, will probably be determined and published on July 18, 2016.
•    There will be a right of withdrawal for two workdays after the publication of the determined purchase price.
•    The withdrawal has to be addressed to the ODDO SEYDLER BANK AG in writing. A form for the withdrawal is available on the company’s website.
•    The delivery of the purchased new shares will probably be effected on July 21, 2016.
•    The delivery of the purchased new bonds will probably be effected on July 22, 2016.

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