NASDAQ OMX Copenhagen A/S 19 May 2010
Nikolaj Plads 6
DK - 1067 Copenhagen K
No. 18/10
Topsil Semiconductor Materials A/S has completed fully subscribed offering of
shares with preemptive rights, resulting in gross proceeds of DKK 93.5m
Topsil Semiconductor Materials A/S (”Topsil” or ”The Company”) announces that
the company's offering of 103,890,151 new shares at a price of DKK 0.90 per
share with preemptive rights for existing shareholders, has been successfully
subscribed. As is customary in share issues, a minor number of the offered
shares (0.52%) were not subscribed, and hence they were subscribed by
institutional investors and Topsil's principal bank.
The offering amounts to gross proceeds of DKK 93.5m. After deduction of costs
related to the offering, net proceeds amount to approximately DKK 87.0m at
Topsil's disposal. The proceeds, as well as the expected cashflows from
operations, will be used for implementing an offensive growth strategy and
expand production capacity.
"We are pleased with the progress of the offering which was practically fully
subscribed. The outcome shows us that the market has confidence in Topsil and
the growth plans behind our offering. Our next concrete step is the planning of
our new production facilities and investments in new production equipment,
which will make it possible to meet the expected growth development for the
coming years" says Chairman of Topsil, Mr. Jens Borelli-Kjær.
The new shares will have the same rights as Topsil's existing shares and carry
the right of dividend as of the financial year 2010. The capital increase is
expected to be registered at The Danish Commerce and Companies Agency (DCCA) 20
May 2010. After registration of the 103,890,151 new shares with a nominal value
of DKK 0.25, the aggregated nominal share capital of Topsil amounts to DKK
129,862,689 corresponding to 519,450,755 shares with a nominal value of DKK
0.25.
The new shares are expected to be officially listed for trade at NASDAQ OMX
Copenhagen as of Friday 21 May 2010 under the same code as the existing shares
(DK0010271584).
Please note that this announcement is not intended for investors domiciled in
the US, Canada, Australia or Japan.
Jens Borelli-Kjær Keld Lindegaard Andersen
Chairman CEO
+45 40 16 14 82 +45 21 70 87 72
Please note that this translation is provided for convenience only. The Danish
version shall prevail in case of discrepancies.
