Nanotechnology Now - Press Release: Nanostart subsidiary MagForce Nanotechnologies AG announces capital increase with exclusion of subscription rights

Home > Press > Nanostart subsidiary MagForce Nanotechnologies AG announces capital increase with exclusion of subscription rights

Abstract:
Nanostart subsidiary MagForce Nanotechnologies AG, a medical technology company listed in the Entry Standard segment of the Frankfurt Stock Exchange, today announced its intention to increase its share capital under the procedure to exclude subscription rights for existing investors.

Nanostart subsidiary MagForce Nanotechnologies AG announces capital increase with exclusion of subscription rights

Frankfurt | Posted on June 17th, 2010

The company's nominal capital is EUR 3,773,198.00, divided into 3,773,198 common shares in bearer form with an imputed nominal value of EUR 1.00. In its resolution of the June 16, 2010, approved by the supervisory board on June 16, 2010, the executive board of MagForce Nanotechnologies has decided to increase its share capital by up to EUR 80,190 against cash contributions, bringing its approved capital limit up to EUR 3,853,388.

Up to 80,190 new common shares will be issued, with profit participation rights dating from January 1, 2009. The company has excluded subscription rights to existing shareholders by its authority under sec. 6 para. 3 of its articles of incorporation (Satzung). The new shares will be privately placed with German and international institutional investors at an offering price of EUR 42.00 per share.

The proceeds of the capital increase are to be used to finance the company's further growth.

Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the "Entry Standard" segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within the United States of America, Canada, Australia or Japan.

####

About Nanostart
Nanostart AG is the world’s leading nanotechnology investment company. The Frankfurt-based company provides venture capital financing for nanotechnology companies in various growth phases. It also provides the benefits of its experience and expertise to developers of financial instruments and to investors in the nanotechnology sector. For further information about the company, please visit www.nanostart.de.

About MagForce Nanotechnologies
MagForce Nanotechnologies AG is a world-leading company in the area of nanotechnology-based cancer treatment. Its patented Nano-Cancer® therapy enables the targeted destruction of tumors using superparamagnetic nanoparticles to generate heat. The nanotechnology from MagForce represents a revolutionary approach to the future successful treatment of solid tumors.

For more information, please click here

Contacts:
Media contact:
Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
D-60313 Frankfurt
Germany
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark: