november AG
november AG implements capitalization measures
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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november AG implements capitalization measures
Erlangen, 3 November 2004. Following the resolution by the annual general
meeting held on 21 May 2004, november AG (ISIN DE0006762909) has decided to
issue a convertible bond including a capital guarantee at maturity. The
convertible bond will initially be offered to existing shareholders of
november AG. Up to 62,236 convertible bonds at a face value of EUR 500 will be
offered with a maturity set at 16 years and a dynamic coupon of up to 8 % p.a.
Starting in the third year, each bond is convertible into up to 57 november AG
shares with a conversion premium amounting to up to 40 %. Between 8 November
2004 until 7 December 2004, existing shareholders of november AG are entitled
to subscribe one convertible bond at a face value of EUR 500 for every 120
november shares. The general subscription term runs until 31 December 2004.
november AG will receive the full proceeds from the offering (maximum EUR 31.1
million). They will be used to strengthen november AG’s product development,
to promote the development of the holding, as well as to further improve
marketing capacities and to be able to benefit from opportunities regarding
synergistic projects and participations.
The convertible bonds shall soon be introduced to the Regulated Unofficial
Market (Freiverkehr). The details of the rights offering will be published in
the electronic Bundesanzeiger on 8 December 2004. The complete offering
prospectus is available for download from the company’s homepage.
For additional information, please contact:
Dr. Peer Nils Schröder
november AG – Investor Relations
Ulrich-Schalk-Str. 3, D-91056 Erlangen
Tel.: +49 (0)9131 750 88 868
e-mail: schroeder@november.de, http://www.november.de
end of ad-hoc-announcement (c)DGAP 03.11.2004
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WKN: 676290; ISIN: DE0006762909; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hannover, München und Stuttgart
031705 Nov 04
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