DGAP-News: Pyrolyx AG: Capital increase without subscription rights through the issue of up to 150,000 new shares

DGAP-News: Pyrolyx AG / Key word(s): Capital Increase
Pyrolyx AG: Capital increase without subscription rights through the issue
of up to 150,000 new shares

29.04.2016 / 13:00
The issuer is solely responsible for the content of this announcement.

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Pyrolyx AG: Capital increase without subscription rights through the issue
of up to 150,000 new shares

Munich, April 29, 2016

Acting with the approval of the Supervisory Board, the Management Board of
Pyrolyx AG has announced its decision to carry out a capital increase.

Based on the resolution passed by the AGM on October 15, 2015, the
Management Board of Pyrolyx AG is authorized to increase the company's
share capital on one or more occasions by October 14, 2020 with the
approval of the Supervisory Board by a total of up to EUR1,403,102 by
issuing up to 1,403,102 new no-par-value bearer shares in exchange for cash
or contributions in kind. The Management Board availed itself of this
authorization on April 28, 2016 with the Supervisory Board's approval and
passed the following resolution:

The share capital of Pyrolyx AG is to be increased against cash
contributions by up to EUR150,000.00 from EUR2,806,205.00 to up to
EUR2,956,205.00 through the issue of up to 150,000 (in words: one hundred
and fifty thousand) new no-par-value bearer shares (the "New Shares") each
with a notional value of EUR1.00 in the share capital. This equates to an
increase in the existing share capital of up to 5.3%.

The issue price has been set at EUR11.00 per New Share. The New Shares will
carry dividend rights from January 1, 2015. The subscription rights of
shareholders of Pyrolyx AG are excluded.

The issue price exceeds the arithmetic mean (EUR6.08) of the closing price
of shares in Pyrolyx AG in the Primary Market of the Düsseldorf Stock
Exchange over the five trading days prior to the resolution passed by the
Management Board concerning the issue of the New Shares.

Pyrolyx AG

The Pyrolyx Group is the world leader in the extraction of rCB (recovered
carbon black) from end-of-life tires. Conditioned rCB is used to
manufacture new tires as well as in the plastic and technical rubber
industries.

The Pyrolyx Group's eco-friendly technology provides an answer to the
problem of how to dispose of and recycle the world's growing volume of
disused tires. Compared to the conventional production of carbon black, the
Pyrolyx method enables CO2 emissions to be reduced by up to 2.5 tonnes per
tonne of rCB. Pyrolyx AG's manufacturing operations for the tire industry
take place within a closed recycling loop. Byproducts arising during
production are reused either as fuel in the manufacturing process or to
make other products, ensuring that nothing goes to waste.

Since the Pyrolyx Group is the only company in the world to offer both
continuous and batch production, it can serve all addressable carbon black
markets. Production in Stegelitz is ISO 9001:2008 and ISO 14001:2004
certified.

Pyrolyx AG owns all the intellectual property rights to Pyrolyx
environmental technology and has various patents concerning the industrial
production of carbon black. Pyrolyx AG is listed on the Düsseldorf Stock
Exchange (WKN A0MFXR).

For more information, please visit:
www.pyrolyx.com/www.carbon-clean-tech.com.

Contact:
Rolf-Hendrik Arens
VP Communications
Pyrolyx AG

arens@pyrolyx.com
www.pyrolyx.com


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29.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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   Language:    English                                    
   Company:     Pyrolyx AG                                 
                Nymphenburger Str. 70                      
                80335 München                              
                Germany                                    
   Phone:       +49 (0)89 856 335 50                       
   Fax:         +49 (0)89 856 335 55                       
   E-mail:      info@pyrolyx.de                            
   Internet:    www.pyrolyx.com                            
   ISIN:        DE000A0MFXR8                               
   WKN:         A0MFXR                                     
   Listed:      Regulated Unofficial Market in Dusseldorf  
 
 
   End of News    DGAP News Service  
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