aap Implantate AG resolves on capital increase with subscription rights
aap Implantate AG / Key word(s): Capital Increase/Financing
The information contained in this announcement is not intended for publication or distribution in or within the United States of America, Australia, Canada or Japan.
The Management Board of aap Implantate AG resolved on 17 April 2019 with the approval of the Supervisory Board of the same day on a capital increase against cash contributions out of the authorized capital 2014/I with subscription and oversubscription rights of the shareholders of the company. aap Implantate AG's share capital shall be increased by up to EUR 4,784,485.00 by issuing up to 4,784,485 new no-par value bearer shares from the current amount of EUR 28,706,910.00 to up to EUR 33,491,395.00. The new shares shall be offered to the shareholders of the company at a subscription price of EUR 1.04 per new share based on a subscription ratio of 6:1. The new shares are entitled to participate in dividends as of 1 January 2018.
At this time, aap Implantate AG has commitments from its shareholders to exercise subscription and oversubscription rights in a volume of EUR 2.3 million in total. This corresponds to approx. 46% of the capital increase.
The capital increase with subscription rights is part of a package of measures aap Implantate AG will implement at short notice to strengthen its financial base. In this context, the net proceeds from the transaction shall be inter alia used to finance the company's planned sales growth and to prepare and conduct a human clinical study for its silver coating technology.
The new shares will be offered to the shareholders of aap Implantate AG for subscription in an indirect subscription offer during a subscription period. The subscription period is expected to start on 25 April 2019 (00.00 hours CET) and to end on 9 May 2019 (24.00 hours CET). No trading of subscription rights will be organized and subscription rights which are not exercised will expire worthless. In addition to exercising their subscription rights, all shareholders of the company have the option to participate in the capital increase within an oversubscription. These oversubscription rights must also be exercised during the subscription period. New shares, which are not subscribed as part of the subscription offer, shall be offered to qualified institutional investors for sale by means of a private placement at a price at least equaling the subscription price.
The capital increase with subscription rights is accompanied by M.M.Warburg & CO (AG & Co.) KGaA. For further details regarding the transaction please refer to the subscription offer, which will be published before the start of the subscription period on the corporate website of the company (www.aap.de) in the section "Investors / Capital Increase" as well as in the Federal Gazette under www.bundesanzeiger.de.
This announcement constitutes neither an offer nor a solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan or any other jurisdiction in which an offer is unlawful.
This announcement is not an offer of securities for sale in the United States. Securities may be offered or sold in the United States only upon prior registration or upon exemption from the obligation of prior registration pursuant to the Securities Act. If a public offering of securities were to take place in the United States, it would be effected by means of a securities prospectus which investors could obtain from the Company. This prospectus would contain detailed information about the Company and its management, as well as financial information. There will be no public offering of the securities referred to in this announcement in the United States.
Subject to certain exceptions, the securities referred to in this announcement may not be offered or sold in Australia, Canada or Japan, or to or for the account of persons resident in Australia, Canada or Japan.
17-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||aap Implantate AG|
|Phone:||+49 (0) 30 75 01 90|
|Fax:||+49 (0) 30 75 01 91 11|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||801011|
|End of Announcement||DGAP News Service|