Acazis AG
ACAZIS AG successfully carries out a Capital Increase of 10% at a price of EUR1.30 per share. The Capital Increase has even been oversubscribed
Acazis AG / Key word(s): Capital Increase
PRESS RELEASE ACAZIS AG successfully carries out a Capital Increase of 10% at a price of EUR1.30 per share. The Capital Increase has even been oversubscribed Acazis AG (Frankfurt, Open Market: A1C9YF) has successfully placed all 400,000 new shares which were issued as part of the capital increase approved by the Board of Directors and Supervisory Board. The capital increase was carried out against cash contributions and with the exclusion of subscription rights. One investor signed for the total transaction volume for the private placement of shares. The issue price for the new shares was set at EUR 1.30, 50% more than the volume weighted average price on XETRA, five days before the announcement of the capital increase. The issue of extra shares in the company signifies a gross additional accrual of funds of EUR 520,000- for Acazis AG. Further to the registration of the capital increase, Acazis AG’s share capital will increase from EUR 4,037,995.- to EUR 4,437,995.-. The VEM Bank (Munich) will be managing the listing of the new shares on the stock exchange. Acazis AG intends to use the proceeds from this transaction to reduce its current debts as well as for operational purposes. ‘We are delighted that Acazis AG’s capital increase has been met with such interest and that there is still further demand for the company’s shares despite the issue price of EUR1,30 per share’, states Patrick Bigger, Chairman and CEO of Acazis AG regarding the transaction. ‘We are particularly pleased that we were able to raise these funds at an issue price which is significantly higher than at the last capital increase which was carried out in December 2011. Furthermore, the increase represents a positive outcome for the company despite the unfavourable current financial climate and the wide-spread high risk aversion in conjunction with an economy in the middle of a Euro Crisis. This was only possible through the positive advances that have taken place in our business operations’, adds Patrick Bigger. About the company Contact: Acazis AG, Landsberger Str. 18, D-82205 Gilching End of Corporate News 31.08.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
183687 31.08.2012 |