2009-11-04
The Silicon Sensor International AG successfully completed a capital increase of 2,208,633 shares with an exercise price of EURO 5.50 per share and retroactive entitlement to dividend as of January 1, 2009. The Board of Directors and the Supervisory Board consider the high subscription interest even above the individual subscription rights as a sign of confidence in the future development of Silicon Sensor International AG. Shares not directly subscripted by shareholders were offered interested shareholders as an additional purchase option at the original purchase price and were completely subscribed. The capital increase was one and a half times oversubscribed.
The funds raised by this capital increase in the amount of Mio Euro 12.1 shall be spent for the further strategic reorientation of Silicon Sensor International AG as the leading European sensor manufacturer, for the strengthen of the market position and for the preparation for future growth. This essentially pertains the further development of a technicly competent sales department, the extension of the product range as well as the internationalization of the business. Therefore also potential acquisition targets are examined.
By these measurements Silicon Sensor Group will stay a stabil and reliable partner for their customers, especially relevant in single source supplier situations. The Board of Directors consider the increasing number of request of potentially new customers in the last few weeks as an affirmation of the choosen direction.
For more information visit our website at: http://www.silicon-sensor.com or call +49 30 639923-710
Silicon Sensor International AG
The Board of Directors
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