Mars One Ventures AG
InFin Innovative Finance AG: Mars One public on Frankfurt Stock Exchange after takeover by InFin
DGAP-News: InFin Innovative Finance AG / Key word(s): Miscellaneous Mars One public on Frankfurt Stock Exchange after takeover by InFin Basel, November 7th, 2016 – Mars One and InFin are pleased to announce that a takeover agreement was signed between InFin and all shareholders of Mars One Ventures PLC (“Mars One Ventures”). InFin will acquire 100% of the shares of Mars One Ventures for EUR87 million (book value in accordance with the valuation EUR107 million) with newly issued, fully paid up InFin shares. After admission of the new InFin shares to trading on the Frankfurt Stock Exchange, the Mars One Ventures shareholders will hold 97.5% of the InFin shares. The boards of the companies have unanimously approved the agreement. InFin Innovative Finance AG will be renamed Mars One Ventures AG. “Mars One is very pleased to have been acquired by InFin. This step provides the opportunity to raise capital through the listing on the Frankfurt Stock Exchange. This listing also supports our aim to attract international support to establish a permanent human settlement on Mars: our global followers will have the opportunity to be part of this adventure and to literally own a piece of this historic venture. We have a solid business based on our historical performance that might be of interest to anyone looking for diversification of their investment portfolio” says Bas Lansdorp, CEO and co-founder of Mars One. With the acquisition of Mars One Ventures by InFin, Mars One creates a decisive and time-critical competitive advantage by being the first Mars exploration company to successfully go public. The listing at the renowned Frankfurt Stock exchange enables direct access to the global capital market. This will be the first global opportunity for investment banks, funds, stockbrokers and any other (retail) investor to take part in a human mission to another planet through buying shares in a listed company. “We are delighted having closed this transaction. We feel confident that the international brand recognition of Mars One combined with InFin as a listed vehicle at a regulated market as a capital raising platform will, in time, deliver long term sustainable returns to our existing and future shareholders, especially once the pending Mars One mission funding will have been completed,” says Prof. Moritz Hunzinger, CEO of InFin. Company Structure and Commercial Potential The Foundation has transferred all global monetization rights to Mars One Ventures in order to successfully finance the mission. Revenue streams for Mars One Ventures are sales of merchandise, ads on video content, broadcasting rights, brand partnerships, Intellectual Property, and many others. Mars One Ventures will pay EUR6 million out of the capital to be raised through the listing to the Mars One Foundation as part of the exclusive monetization rights contract. Additionally, it will pay a 5% license fee on all revenue to the Foundation. The Foundation will use that funding to move the mission to Mars forward: award new contracts to suppliers, organize the next round in the astronaut selection process, hire team members with experience in implementing Mars missions, and crew selection and training. Mars One Ventures will build a core team of experienced media professionals to develop the Mars One brand and monetize it. “Mars One’s mission has been covered by news outlets around the world, reaching millions of individuals. The 2013 job opening to become one of the Mars One astronauts was one of the most popular job vacancies of all times. There are currently 100 candidates remaining, who will face team challenges in the next round of the selection program. Our candidates give Mars exploration a human face and I believe this is one of the reasons why Mars One is so successful. We expect the documentary series about selecting the right teams to reach an even larger audience” says Lansdorp. Financing and Closing Conditions Board Composition — About InFin Innovative Finance About Mars One For more information about InFin, please visit www.infin-innovative.com.
2016-11-07 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | InFin Innovative Finance AG | |
Birsigstr. 2 | ||
4054 Basel | ||
Switzerland | ||
Phone: | +41 61 312 34 11 | |
E-mail: | ir@infin-innovative.com | |
Internet: | www.infin-innovative.com | |
ISIN: | CH0132106482 | |
WKN: | A14NYB | |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Munich | |
End of News | DGAP News Service |