18.10.2013 ItN Nanovation AG  DE000A0JL461

DGAP-News: ItN Nanovation AG: Subscription period for capital increase starts on 21 October 2013


 
DGAP-News: ItN Nanovation AG / Key word(s): Capital Increase ItN Nanovation AG: Subscription period for capital increase starts on 21 October 2013 18.10.2013 / 15:07 --------------------------------------------------------------------- * Subscription price will be 2.27 Euro per share * Subscription period ends on 4 November 2013 * Oversubscription possible * Funds will be used to secure liquidity and to finance the company's growth Saarbruecken - 18 October 2013. The Supervisory and the Management Board of ItN Nanovation AG (ISIN DE000A0JL461) - based on the resolution passed on the Annual General Meeting of 21 August 2013 - have decided to perform a capital increase with subscription rights against cash contribution. With this measure, the share capital will be increased to up to 13,520,207 EUR by issuing up to 1,687,441 new shares. The current shareholders of the company may acquire new shares exercising their subscription right in a ratio of 7:1 at a price of 2.27 EUR per share from 21 October 2013 until 4 November 2013 (4 p.m.). Within the subscription period, shareholders may submit a binding subscription offer for an oversubscription; the allocation of shares cannot be granted, however. Subscription rights will not be traded. In addition, unsubscribed shares may be offered in a private placement for the price of 2.27 EUR. The new shares are entitled to profit-sharing from 1 January 2013. The gross proceeds from the capital increase will correspondingly amount to 3.8 million EUR. The fresh funds are to secure liquidity and to strengthen equity. Furthermore, they will be needed to finance the expected dynamic growth of the company. Contact: ItN Nanovation AG Untertuerkheimer Str. 25 66117 Saarbruecken Phone: +49 (0) 681/5001-460 Fax: +49 (0) 681/5001-499 Email: [email protected] www.itn-nanovation.com IR Contact: edicto GmbH Axel Muehlhaus Eschersheimer Landstrasse 42 60322 Frankfurt am Main Phone: +49 (0) 69/905 505-52 Fax: +49 (0) 69/905 505-77 Email: [email protected] End of Corporate News --------------------------------------------------------------------- 18.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group 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 --------------------------------------------------------------------- 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: [email protected] Internet: www.itn-nanovation.com ISIN: DE000A0JL461 WKN: A0JL46 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, München End of News DGAP News-Service --------------------------------------------------------------------- 235263 18.10.2013