iQ Power AG / Key word(s): Miscellaneous
25.01.2011 12:04
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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iQ Power AG: Convertible Bond Issue's Second Tranche Fully Subscribed
- 4,300 convertible bonds denominated at EUR 500 each were fully
subscribed in the second tranche
- Next possible conversion date is 31 January 2011
Zug/Switzerland, 25 January 2011 - iQ Power AG (ISIN: CH0020609688, WKN:
A0DQVL, Symbol: IQPB), the developer and marketer of eco-friendly and
technologically advanced starter batteries for motor vehicles is pleased to
announce that the second tranche of its convertible bond issue has been
fully subscribed.
As a result, the company will receive gross cash proceeds of EUR 2.15
million.
All bondholders, who were issued convertible bonds as part of the second
tranche of this convertible bond issue, are authorized to participate in
the same amount in the convertible bond issue's third tranche. The
requirement for this is that they convert all of their issued bonds into
new registered shares of the company by not later than 15 December 2011.
The next possible conversion date is 31 January 2011.
The subscription period for the third tranche of the convertible bond issue
begins on 3 January 2012 and ends on 17 January 2012. The related forms for
converting the bonds to registered shares in the company, and for
subscribing bonds in the convertible bond issue's third tranche, will be
made available promptly on the iQ Power AG website www.iqpower.com.
The issue prospectus dated 15 September 2010 containing more detailed
information is available for downloading in the Investor Relations section
of the iQ Power AG website www.iqpower.com.
The Board of Directors
About iQ POWER
iQ Power AG is a developer and supplier of innovative starter batteries for
motor vehicles. The products are technologically advanced, deliver greater
efficiency, and are environmentally sound and lighter in weight. The
company's many achievements include the development of the world's first
software-controlled smart car battery. Industrial batteries and system
solutions for electrical energy management in vehicles help round out its
operational portfolio.
The company's operational element is iQ Power GmbH in Chemnitz (Germany),
which is a wholly owned subsidiary of iQ Power AG. Headquartered in Zug
(Switzerland), iQ Power AG is a publicly listed stock corporation whose
shares are traded on the regulated market (General Standard segment) of the
Frankfurt Stock Exchange, over the counter on the securities exchanges in
Berlin, Düsseldorf, Munich and Stuttgart, as well as on Xetra (ISIN:
CH0020609688, WKN: A0DQVL, IQPB).
Contact:
Company Contact:
iQ Power AG
Metallstrasse 9
6304 Zug
Schweiz
Tel.: +41(0) 41 768 03 63
Fax: +41(0) 41 768 03 68
info@iqpower.com
www.iqpower.com
Investor Relations Contact:
GFEI Aktiengesellschaft
Hamburger Allee 26-28
D-60486 Frankfurt am Main
Tel.: +49 (0)69 - 74 30 37 00
Fax: +49 (0)69 - 74 30 37 22
iQPower@gfei.de
www.gfei.de
25.01.2011 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: iQ Power AG
Metallstrasse 9
6304 Zug
Schweiz
Phone: +41 41 7680360
Fax: +41 41 768 03 68
E-mail: investor-relations@iqpower.com
Internet: www.iqpower.com
ISIN: CH0020609688
WKN: A0DQVL
Listed: Regulierter Markt in Frankfurt; Freiverkehr in Berlin,
Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Convertible Bond Issue's Second Tranche Fully Subscribed
| Source: EQS Group AG