Singulus Technologies AG: Listing Of The New Shares On The Frankfurt Stock Exchange To Take Place On 12 October 2016
SINGULUS TECHNOLOGIES Aktiengesellschaft had, on 6 October 2016, resolved the rights issue through the issuance of 2,021,938 new shares.The implementation of the capital increase was entered on the Commercial Register of the company on Friday, 7 October 2016. The share capital of the company of € 6,065,814, divided into 6,065,814 no par value bearer shares each with a nominal value of € 1.00, consequently increased by the amount of € 2,021,938 to € 8,087,752.
The inclusion of the new shares in the existing Frankfurt Stock Exchange listing and the delivery of the new shares to the depositary banks will take place on 12 October 2016. Shareholders who participated in the capital increase will then have their acquired shares added to their securities account.
Dr.- Ing. Stefan Rinck, Chief Executive Officer of SINGULUS TECHNOLOGIES AG, declared: “The capital increase for cash marks the successful conclusion of the company’s financial restructuring. We will invest the funds from the capital increase mainly in financing growth in the solar area as well as for research and development work to advance the new business areas.” Dr.- Ing. Rinck added: “We have achieved an important success in clinching the major contract for CIGS production machinery. We are working on other projects in the field of thin-film solar technology; in particular, we also aim to create new product solutions to tap the growth in the field of crystalline high-performance solar cells (heterojunction).”