2009-10-15
Silicon Sensor International AG intends to implement a capital increase with subscription rights from authorized capital through the issuance of up to 2,208,633 new ordinary bearer shares with no par value (Stückaktien) against contributions in cash as resolved upon by the general shareholders’ meeting of June 9, 2009. The new shares shall carry full dividend rights as from January 1, 2009. The share capital of Silicon Sensor International AG is to be increased by EUR 11,043,165.00 from EUR 22,086,330.00 to EUR 33,129,495.00 against cash contributions. It is intended that the new shares will be offered to the shareholders with indirect subscription rights at a ratio of 2:1. A trade in subscription rights shall not take place. Further details can be found in the subscription offering which is currently scheduled for publication on October 19, 2009. The management board and the supervisory board of Silicon Sensor International AG have today passed the relevant resolutions.
The company grants all shareholders the opportunity to participate in an additional subscription (Mehrbezug). The issue price for the new shares is EUR 5.50 per share. The company expects the aggregate gross proceeds from the capital increase to be approx. up to EUR 12.1 million. The transaction will be managed by equinet AG. A number of shareholders have made a binding commitment to Silicon Sensor International AG to subscribe for the maximum possible number of new shares in the capital increase that are granted to them on the basis of their allotted subscription rights as well as to make a binding offer to also purchase a substantial number of new shares through the additional subscription.
The company desires to build on its high level of technological competence in order to substantially increase its market share in the coming years. The proceeds from the capital increase are to be invested accordingly in internal and external growth, investments as well as research and development.
The offer to purchase the shares of Silicon Sensor International AG does not constitute a public offering. It is addressed solely to the shareholders of Silicon Sensor International AG.
For more information visit our website at: http://www.silicon-sensor.com or call +49 30 20945710.
Silicon Sensor International AG
The Board of Directors
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