ItN Nanovation AG
.tN Nanovation AG: Subscription period for capital increase commences on September 08th, 2015
DGAP-News: ItN Nanovation AG / Key word(s): Capital Increase Unofficial Non-Binding Translation and For Information Purposes Only ItN Nanovation AG: Subscription period for capital increase commences on September 08th, 2015 – Proceeds primarily serve to finance the “Seawater” development project – Subscription price: 1.40 euro per share – Subscription ratio is 6.77 to 1 – Subscription period runs until September 22nd, 2015 Saarbrücken – September 10th, 2015. Pursuant to the resolution passed at the Annual General Meeting on June 16th, 2015, the Management Board and Supervisory Board of ItN Nanovation AG (ISIN DE000A0JL461) have resolved to effect a capital increase in cash. In accordance with this, the company’s share capital would increase of up to 15,520,207 euro through the issue of up to 2 million new individual shares. The company’s shareholders are entitled to purchase one new share at a price of 1.40 euro for every 6.77 old shares held. The subscription period commences on September 08th, 2015 and ends on September 22nd, 2015. In addition, each shareholder has the opportunity within the subscription period to state his oversubscription requests by making a binding subscription order. If more shares are subscribed than available, the oversubscribed shares shall be allotted in proportion to the oversubscription requests. The subscription rights will not be traded and any unsubscribed shares can be offered to investors by way of a private placement at the price of 1.40 euro per share. The new shares will carry full dividend rights for the 2015 financial year. The gross cash inflow of up to 2.8m euro raised by the capital increase is primarily intended for financing the “Seawater” project (see Corporate News of September 01st, 2015). The objective of this new business area, is to develop – in just a few years – a pioneering and marketable solution for the growing seawater desalination market. Further details on this project can also be found in the current corporate presentation under the following link: The capital increase is being arranged by the quirin bank AG, Berlin. The full subscription offer, which contains further details, is available on the company’s website under the following link:
The Management Board
ItN Nanovation AG IR contact: edicto GmbH 2015-09-10 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | ItN Nanovation AG | |
Untertürkheimer Straße 25 | ||
66117 Saarbrücken | ||
Germany | ||
Phone: | +49 (0) 681 / 50 01 – 460 | |
Fax: | +49 (0) 681 / 50 01 – 499 | |
E-mail: | ir@itn-nanovation.com | |
Internet: | www.itn-nanovation.com | |
ISIN: | DE000A0JL461 | |
WKN: | A0JL46 | |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich | |
End of News | DGAP News Service |
393841 2015-09-10 |