iQ Power AG / Key word(s): Capital Increase
28.09.2011 16:15
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.
---------------------------------------------------------------------------
iQ Power AG: Capital Raising Successfully Concluded
- 40,000,000 new registered shares with a nominal value of CHF 0.03 each
placed at a subscription price of EUR 0.048 per share
- New shares to be used to fund further corporate growth
Zug/Switzerland, 28 September 2011 - iQ Power AG (ISIN: CH0020609688, WKN:
A0DQVL, Symbol: IQPB), the developer and marketer of eco-friendly and
technologically advanced starter batteries for motor vehicles, has
announced the successful placement of the rights issue to raise capital
that was announced on 22 September 2011.
The approved capital increase that was decided in the board of directors'
meeting on 21 September 2011 has been carried out and the company's share
capital has been increased by CHF 1,200,000.00 through the issue of
40,000,000 registered shares having a nominal value of CHF 0.03 each. With
the filing of the capital increase in the commercial register of the Canton
of Zug, Switzerland, the total number of iQ Power AG registered shares
increased accordingly to 456,878,276, a figure that also reflects the bonds
that have been converted to date into registered shares in connection with
the convertible bond issue. These new registered shares are fully entitled
to dividends beginning on 1 January 2011. The issue price for each new
registered share was EUR 0.048. The contributions for these new shares were
made by offsetting against the shareholder loan provided by the major
shareholder KG Power Inc., Seoul, Korea.
These new shares will be used to fund further corporate growth,
particularly for acquiring the majority interest in a lead recycling and
battery manufacturing plant in Bosnia-Herzegovina, and to undertake the
investments that are planned for that location.
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
Metallstrasse 9
6304 Zug
Schweiz
Tel.: +41(0) 41 768 03 63
Fax: +41(0) 41 768 03 68
info@iqpower.com
www.iqpower.com
Investor Relations Contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
60329 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
28.09.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: iQ Power AG
Metallstrasse 9
6304 Zug
Switzerland
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,
Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
DGAP-Adhoc: Capital Raising Successfully Concluded
| Source: EQS Group AG