DGAP-News: Pyrolyx AG: Annual report approved and cash capital increase placed


DGAP-News: Pyrolyx AG / Key word(s): Final Results/Capital Increase
Pyrolyx AG: Annual report approved and cash capital increase placed

01.07.2016 / 07:30
The issuer is solely responsible for the content of this announcement.

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Munich, July 1, 2016

Pyrolyx AG: Annual report dated December 31, 2015 approved; cash capital
increase placed

With Pyrolyx's Supervisory Board having endorsed the company's annual
accounts for 2015, they have now been formally approved in accordance with
Section 172 AktG German Stock Corporation Act. The financial statements for
the year ending December 31, 2015 have been audited and awarded an
unqualified audit opinion by the auditor.

The cash capital increase decided on April 28, 2016 was placed by issuing
111,878 new shares at EUR 11.00 per share and entered in the Register of
Companies on June 30, 2016. The company's total share capital is now
EUR 2,918,083.

The funds raised amounting to EUR 1,230,658 - before costs - will be used
to
finance further business development.

Pyrolyx AG

Pyrolyx AG 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.

Pyrolyx AG'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'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.

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).

Contact:
Rolf-Hendrik Arens    
Pyrolyx AG - Munich  

Email: arens@pyrolyx.com  
Office: +49 (0) 89 856 3350  
www.pyrolyx.com


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01.07.2016 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.

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Archive at 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; Open Market in  
                Frankfurt                                                  
 
 
   End of News    DGAP News Service  
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