NANOGATE AG / Key word(s): Capital Increase
13.07.2016 17:43
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Nanogate AG, a leading international integrated systems provider for
high-performance surfaces, would like to improve its financial strength and
has therefore decided to increase the company's share capital using
authorised capital. Subscription rights are to be excluded. The aim of this
is to extend the financial leeway for implementing the Phase5 growth
strategy.
With the approval of the Supervisory Board, the Management Board of
Nanogate AG has today decided to increase the company's share capital from
the current EUR 3,377,716.00 by up to EUR 331,454.00 to up to EUR
3,709,170.00 by issuing up to 331,454 new no-par value shares via partial
utilisation of the existing authorised capital against contribution in
cash. The subscription rights of existing shareholders are to be excluded.
The new shares are to be privately placed with selected, qualified and
long-term institutional investors in Germany and abroad at a placement
price of EUR 30.00 per share. Holders of the new stocks will be eligible to
share in dividends from the 2016 financial year. Nanogate intends to
utilise the cash inflow to finance its planned growth in additional
technology and capacities. The revenue shall also be used to partly
refinance the April 2016 acquisition of a 75 % stake in the plastics
specialist Goletz. The capital increase is being accompanied by M.M.
Warburg & CO.
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Information and Explanation of the Issuer to this News:
Nanogate (ISIN DE000A0JKHC9) is a leading international integrated systems
provider for high-performance surfaces. The Group, which is based in
Göttelborn (Saarland), enables the programming and integration of
additional properties - such as non-stick, scratchproof and anti-corrosive
- into materials and surfaces as well as enhanced plastic components. True
to its slogan 'A world of new surfaces', Nanogate opens up the diverse
possibilities of multifunctional surfaces based on new materials for
companies in a wide range of industries.
Nanogate provides its customers with technologically and optically
high-quality systems. To do so, the company uses its extensive expertise in
innovative materials. The aim is to improve customers' products and
processes by means of high-performance surfaces while achieving
environmental benefits. The Group concentrates on attractive sectors such
as automotive/transport, mechanical/plant engineering, buildings/interiors
and sport/leisure as well as on the strategic growth areas of advanced
polymers and advanced metals. Nanogate has a unique combination of
extensive materials expertise paired with comprehensive, first-class
process and production know-how. As a systems provider, Nanogate offers
services throughout the entire value chain, from the purchase of raw
materials, to the synthesis and formulation of the material systems, right
through to the enhancement and production of the finished surfaces. The
Group focuses primarily on optically high-quality plastic and metal
coatings for all surface types. Its value drivers are the opening up of
new, international markets, the development of new applications for the
strategic growth areas of advanced polymers (innovative plastics, e.g.
glazing) and advanced metals (innovative metal enhancements) as well as
external growth.
The Nanogate Group has first-class references (e.g. Airbus, Audi, August
Brötje, BMW, BSH Bosch und Siemens Hausgeräte, Daimler, FILA, Jaguar,
Junkers, Porsche, Volkswagen). Several hundred projects have already gone
into mass production. The company also has strategic partnerships with many
international corporations. Nanogate comprises Eurogard B.V., GfO
Gesellschaft für Oberflächentechnik AG, Nanogate Industrial Solutions GmbH,
Nanogate Textile & Care Systems GmbH, Nanogate Glazing Systems B.V. and
Vogler GmbH, as well as majority stakes in Plastic-Design GmbH and Walter
Goletz GmbH. There are also subsidiaries in the US and in Turkey.
Disclaimer:
This publication constitutes neither an offer to sell nor an invitation to
buy securities. The shares in Nanogate AG (the 'Shares') may not be offered
or sold in the United States or to or for the account or benefit of 'U.S.
persons' (as such term is defined in Regulation S under the U.S. Securities
Act of 1933, as amended (the 'Securities Act')). No offer or sale of
transferable securities is being made to the public outside Germany.
13.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: NANOGATE AG
Zum Schacht 3
66287 Göttelborn
Germany
Phone: +49 (0)6825/95 91 0
Fax: +49 (0)6825/95 91 852
E-mail: nanogate@cortent.de
Internet: www.nanogate.de
ISIN: DE000A0JKHC9
WKN: A0JKHC
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of Announcement DGAP News-Service
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DGAP-Adhoc: NANOGATE AG: capital increase agreed
| Source: EQS Group AG