DGAP-News: PETROTEC AG / Key word(s): Capital Increase/Corporate Action PETROTEC AG: PETROTREC generates approx. EUR 630,000 from its successful rights offering - Reduction of liabilities by approx. EUR 7.5 million 02.12.2011 / 15:27 --------------------------------------------------------------------- Corporate News of PETROTEC AG, Borken (ISIN DE000PET1111) PETROTREC generates approx. EUR 630,000 from its successful rights offering - Reduction of liabilities by approx. EUR 7.5 million Borken, December 2, 2011 - The shareholders of PETROTEC AG have exercised subscription and oversubscription rights for all 8,181,247 new shares offered in connection with the company's rights offering, the subscription period for which ended as planned on December 1, 2011. Following the exercise of 65% of the shareholders' subscription rights, 2,856,735 new shares remained available for oversubscriptions and were subscribed for in full by existing shareholders. PETROTEC AG will receive gross proceeds from the issue of new shares against contributions in cash in the course of the rights offering of approximately EUR 630,000. The proceeds from the capital increase against cash are to be used to finance growing working capital needs, the development of the sourcing of feedstock as well as future capital expenditures. The liabilities of the Petrotec-group companies were reduced by approximately EUR 7.5 million as a result of the contributions of claims by way of a contribution in kind from IC Green Energy Ltd. Upon the registration of the capital increase in the commercial register, which is expected to occur by December 8, 2011, the total number of outstanding shares of the company will rise to 24,543,741. Delivery and payment for the new shares is expected to take place on Monday, December 12, 2011, but at the earliest upon their admission to stock exchange trading. PETROTEC AG Management Board This publication constitutes neither an offer to sell nor a solicitation of an offer to buy securities. In particular, this document constitutes neither an offer to sell nor a solicitation of an offer to purchase securities in the United States. The shares in PETROTEC 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')) absent registration or an exemption from registration under the Securities Act. The Shares have not been and will not be registered under the Securities Act. Any public offering of securities in the United States must be made by means of a prospectus that may be obtained from the issuer and that contains detailed information about the company and management as well as financial statements. There will be no public offering of Shares in the United States. End of Corporate News --------------------------------------------------------------------- 02.12.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: PETROTEC AG Fürst-zuSalm-Salm-Str. 18 46325 Borken-Burlo Germany Phone: +49 (0)2862 9100 19 Fax: +49 (0)2862 9100 99 E-mail: info@petrotec.de Internet: www.petrotec.de ISIN: DE000PET1111 WKN: PET111 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 148532 02.12.2011
DGAP-News: PETROTEC AG: PETROTREC generates approx. EUR 630,000 from its successful rights offering - Reduction of liabilities by approx. EUR 7.5 million
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