november AG

EANS-Adhoc: november AG
Extraordinary Income From Extensive Debt Waiver

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Financial Consolidation

07.01.2010

Today, november AG (ISIN: DE000A0Z24E9) succeeded in negotiating another waiver of a substantial loan. On the one hand, one of the major shareholders waives his entitlement to the repayment of a shareholder´s loan of approx. EUR 1.2 mio versus november AG without anything in return. On the other hand, also another loan to the subsidiary PROGEN Biotechnik GmbH in the amount of TEUR 670 is paid off completely by a one-off payment of TEUR 360. Thus, short-term liabilities were reduced by a total of approx. EUR 1.9 mio. This loan waiver results in an extraordinary income of approx. EUR 1.5 mio, improving the equity base by this amount.

This constructive cooperation with the major shareholder represents another important milestone in the financial stabilization of the november AG and its subsidiaries.

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ots Originaltext: november AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Dr. Dirk Zurek
CEO
Tel.: +49 (0) 221 82200 520 10
E-Mail: ir@november.de

Branche: Biotechnology
ISIN:      DE000A0Z24E9
WKN:        A0Z24E
Index:    CDAX, Prime All Share, Technology All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              Hannover / free trade
              München / free trade



Weitere Meldungen: november AG

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