SMARTRAC N.V. / Key word(s): Capital Increase
19.12.2011 14:59
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.
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Amsterdam, December 19, 2011 - SMARTRAC N.V. (stock abbreviation SM7), a
leading developer, manufacturer, and supplier of RFID transponders, today
announced that the Management Board of SMARTRAC N.V. resolved to increase
the share capital of the company from EUR 8,167,498.50 (16,334,997 bearer
shares) to EUR 8,872,044 (17,744,088 bearer shares) by the issuance of
1,409,091 bearer shares with a nominal value of EUR 0.50. Subscription
rights for shareholders shall be excluded. The capital increase shall be
effected by making use of the authorized capital provided for in SMARTRAC's
article of association.
SMARTRAC's major shareholders OEP and Manfred Rietzler have agreed to
subscribe for the new shares as a sign of their strong commitment to the
company. Manfred Rietzler, co-founder of the company and Member of SMARTRAC
N.V.'s Supervisory Board, will subscribe for 136,364 new shares and OEP
Technologie B.V. will subscribe for 1,272,727 new shares at an issue price
of EUR 11.00 payable in cash.
SMARTRAC will take in gross proceeds in the amount of approximately EUR
15.5 million. The company intends to use the proceeds to finance the
acquisition of Neology, Inc.
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Information and Explaination of the Issuer to this News:
About SMARTRAC:
SMARTRAC is a leading developer, manufacturer, and supplier of RFID
components for a broad range of applications in all current frequency
standards. The company produces both ready-made and customized transponders
for public transport, access control, RFID-based car immobilizers, animal
identification, libraries, industry, and logistics.
SMARTRAC is one of the global market leaders in high-quality RFID inlays
for electronic passports (e-passports) and contactless credit cards
(e-payment) as well as for RFID transponders for public transportation
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. The company currently employs approximately
3,300 employees and maintains a global research and development,
production, and sales network.
Forward-looking statements:
To the extent that this ad hoc release contains forward-looking statements,
such statements are based on assumptions, planning, and forecasts at the
time of publication of this ad hoc 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 ad hoc release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this ad hoc release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this ad hoc release.
If you have any questions, please contact:
Tanja Moehler
Head of Corporate Communications & Marketing
SMARTRAC N.V.
Phone: +31 20 30 50 157
Email: tanja.moehler@smartrac-group.com
Internet: www.smartrac-group.com
19.12.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SMARTRAC N.V.
Strawinskylaan 851
1077 XX Amsterdam
Netherlands
Phone: +31 20 30 50 157
Fax: +31 20 30 50 155
E-mail: investor.relations@smartrac-group.com
Internet: www.smartrac-group.com
ISIN: NL0000186633
WKN: A0JEHN
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: SMARTRAC N.V. resolves Capital Increase
| Quelle: EQS Group AG