iQ Power AG / Miscellaneous
03.08.2010 18:14
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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iQ Power AG: Rights Issue to Raise Capital Heavily Oversubscribed
- 34,873,604 new registered shares with a nominal value of CHF 0.03 each
placed at a subscription price of EUR 0.108 each
- Gross issue proceeds of approximately EUR 3.8 million
Zug/Switzerland, 3 August 2010 - iQ Power AG (ISIN: CH0020609688, WKN:
A0DQVL, Symbol: IQPB), the developer and marketer of eco-friendly and
technologically advanced starter batteries for motor vehicles is pleased to
announce the successful placement of its rights issue to raise capital.
The capital increase adopted during the board of directors' meetings of 1
June 2010 and 12 July 2010 involved increasing the share capital by a
maximum of CHF 1,046,208.12 through the issuance of up to 34,873,604 new
registered shares with a nominal value of CHF 0.03 each. As at the close of
the subscription period on 2 August 2010, significantly more than the total
of 34.873.604 new registered shares available had been subscribed. At a
purchase price of EUR 0.108 each, the gross issue volume for the placed
34.873.604 new registered shares totaled some EUR 3.8 million.
These new registered shares are fully entitled to dividends effective 1
January 2010 and are projected to be filed in the Commercial Register of
the Canton of Zug, Switzerland on 4 August. The total number of iQ Power AG
registered shares will then increase accordingly to 383,609,653 shares.
The net issue proceeds from this rights issue strengthen the company's
asset base and aim primarily to fund future growth and enhance the
company's financial flexibility in terms of working capital.
Further information about this approved capital increase, including the
issue prospectus, is available on the company's website www.iqpower.com.
The Board of Directors
About iQ POWER
iQ Power AG is a developer and supplier of innovative starter batteries for
motor vehicles. The products are technologically advanced, deliver greater
efficiency, and are environmentally sound and lighter in weight. The
company's many achievements include the development of the world's first
software-controlled smart car battery. Industrial batteries and system
solutions for electrical energy management in vehicles help round out its
operational portfolio.
The company's operational element is iQ Power GmbH in Chemnitz (Germany),
which is a wholly owned subsidiary of iQ Power AG. Headquartered in Zug
(Switzerland), iQ Power AG is a publicly listed stock corporation whose
shares are traded on the regulated market (General Standard segment) of the
Frankfurt Stock Exchange, over the counter on the securities exchanges in
Berlin, Düsseldorf, Munich and Stuttgart, as well as on Xetra (ISIN:
CH0020609688, WKN: A0DQVL, IQPB).
Company contact:
iQ Power AG
MetallstraÃe 9
CH-6304 Zug
Tel.: +41(0)417680363
Fax: +41(0)417680368
info@iqpower.com
www.iqpower.com
Investor Relations contact:
GFEI Aktiengesellschaft
Hamburger Allee 26-28
60486 Frankfurt am Main
Tel: +49(0)69 74 30 37 00
Fax: +49(0)69 74 30 37 22
iQPower@gfei.de
www.gfei.de
03.08.2010 18:14 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: iQ Power AG
Metallstrasse 9
6304 Zug
Schweiz
Phone: +41 41 7680360
Fax: +41 41 768 03 68
E-mail: investor-relations@iqpower.com
Internet: www.iqpower.com
ISIN: CH0020609688
WKN: A0DQVL
Listed: Regulierter Markt in Frankfurt; Freiverkehr in Berlin,
München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Rights Issue to Raise Capital Heavily Oversubscribed
| Source: EQS Group AG