SMARTRAC N.V. / Key word(s): Capital Increase
15.10.2010 16:49
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PRESS RELEASE
SMARTRAC takes in approximately EUR 26.0 million in capital increase
Amsterdam, October 15, 2010 - The TecDAX listed company SMARTRAC N.V.
announced today that the company has increased its share capital from EUR
7,424,999.50 (14,849,999 bearer shares) to EUR 8,167,498.50 (16,334,997
bearer shares), excluding the subscription rights of shareholders.
The capital increase, consisting of the issuance of 1,484,998 new bearer
shares, is part of the foundation agreement between OEP Technologie B.V.
(OEP) and SMARTRAC, dated August 30, 2010. As part of the strategic
collaboration, OEP has agreed to subscribe for the new shares at an issue
price of EUR 17.50 payable in cash. The delivery and settlement of the new
shares also occurred today.
The consummation of the capital increase was subject to the fulfillment of
all offer conditions required for OEP's public offer, which all were
fulfilled on October 13, 2010.
The new shares issued today do not entitle their holder to exercise the
voting rights associated with the new shares at SMARTRAC's Extraordinary
General Meeting (EGM) to be held on October 21, 2010. The new shares were
issued after the record date of the EGM.
SMARTRAC will take in gross proceeds in the amount of approximately EUR
26.0 million. The proceeds of the issuance will serve to increase financial
flexibility for the further growth of the company.
About SMARTRAC N.V.
SMARTRAC is a leading developer, manufacturer, and supplier of RFID
components for a broad bandwidth of applications in all current frequency
standards. The company produces ready-made as well as customized
transponders for public transport, access control, RFID-based car
immobilizers, animal identification, libraries, industry, and logistics.
SMARTRAC is the global market leader in high-quality RFID inlays for
electronic passports (e-Passports) and contactless credit cards (e-Payment)
as well as for RFID transponders for public transport applications.
SMARTRAC was founded in 2000, went public in July 2006, and trades as a
stock corporation under Dutch law with its registered headquarters in
Amsterdam. Since December 2008, SMARTRAC has been a member of the TecDAX,
Germany's leading share index for companies in the technology sector. The
company currently employs some 3,300 employees and maintains a global
research and development, production, and sales network.
Forward-looking statements
To the extent that this press release contains forward-looking statements,
such statements are based on assumptions, planning and forecasts at the
time of publication of this press release. Forward-looking statements
always involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions and other factors may cause
the actual results to be materially different from the assumptions,
planning and forecasts at the time of publication of this press release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this press release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this press release.
This publication constitutes neither an offer to sell nor a solicitation to
buy securities. In particular, this release does not constitute an offer to
sell or a solicitation of an offer to buy securities in the United States
of America. The shares of Smartrac N.V. (the 'Shares') may not be offered
or sold in the United States or to 'U.S. persons' (as defined in Regulation
S of the U.S. Securities Act of 1933, as amended (the 'Securities Act')) or
for the account or benefit of U.S. persons absent registration or an
exemption from the registration requirements of the Securities Act. The
Shares have not been and will not be registered under the Securities Act.
There will be no public offering of the Shares in the United
States.
Andreas Schwarzwälder
Investor Relations
Tel: +31 20 30 50 156
Email:andreas.schwarzwaelder@smartrac-group.com
Tanja Möhler
Corporate Communications
Tel: +31 20 30 50 157
Email: tanja.moehler@smartrac-group.com
15.10.2010 16:49 Dissemination of a Corporate News, transmitted by DGAP -
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Language: English
Company: SMARTRAC N.V.
Strawinskylaan 851
1077 XX Amsterdam
Niederlande
Phone: +31 20 30 50 156
Fax: +31 20 30 50 155
E-mail: investor.relations@smartrac-group.com
Internet: www.smartrac-group.com
ISIN: NL0000186633
WKN: A0JEHN
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in München, Berlin, Düsseldorf, Stuttgart
End of Announcement DGAP News-Service
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