iQ Power AG

DGAP-Adhoc: Deadline for free options and performance of capital increase for preference shares from authorized capital resolved

iQ Power AG  / Key word(s): Corporate Action

03.04.2014 18:13

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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iQ Power: Deadline for free options and performance of capital increase for
preference shares from authorized capital resolved

  - Exercise period for options (ISIN: CH0210038169): from 8 April 2014 to
    22 April 2014

  - Capital increase of up to 154 million new voting and preference
    registered shares with a nominal value of CHF 0.01 per share
    (CH0199540599) at subscription price of EUR 0.01275

Zug/Switzerland, 3 April 2014 - The Board of Directors of iQ Power AG
(ISIN: CH0020609688, German Securities Code Number (WKN): A0DQVL/symbol:
IQPB, ISIN: CH0199540599/German Securities Code Number (WKN): A1J7TW), a
developer and marketer of technologies for environmentally friendly and
technologically leading starter batteries for motor vehicles and licences
in these technologies, has stipulated an exercise period for the options
with the ISIN CH0210038169. The bearers of these options can subscribe to
new shares (one voting and preference registered share per option) in the
period from 8 April 2014 to 22 April 2014 at a subscription price of EUR
0.014 each. The option exercise notice required for this will be available
for download on the homepage of iQ Power AG for the above period.

In addition, on the basis of the authorization in Article 3a of the
Articles of Association, the Board of Directors has resolved to increase
the share capital by up to CHF 1,540,000 by issuing up to 154,000,000
voting and preference registered shares with a nominal value of CHF 0.01
per share to be paid up in full. The new voting and preference shares will
have full dividend rights from 1 January 2013.

Existing shareholders will be granted an indirect subscription right in
proportion to their existing equity interest. The subscription ratio is
3.65 to 1 for registered shares with a nominal amount of CHF 0.03 each
(ISIN CH0020609688) and 10.93 to 1 for voting and preference registered
shares with a nominal amount of CHF 0.01 each (ISIN CH0199540599). This
means that ownership of 3.65 registered shares or 10.93 voting and
preference registered shares of iQ Power AG will entitle the owner to
subscribe for one new voting and preference registered share at a
subscription price of EUR 0.01275 per voting and preference registered
share. The subscription period is also from 8 April 2014 to 22 April 2014.
The number of pre-emption rights attributable to shareholders will be
determined by their holdings of registered shares and voting and preference
registered shares at the close of trading on 7 April 2014. To exercise
their pre-emption rights, we ask that shareholders issue their custodian
bank with corresponding instructions using the subscription order form
provided by the custodian banks.

Above and beyond their subscription rights, shareholders can also submit an
additional binding subscription order for an unlimited number of new voting
and preference registered shares (oversubscription) allowing them to
subscribe for new voting and preference registered shares that are not
subscribed for as part of the indirect offer for subscription. However,
this does not grant a legal right to allocation. New voting and preference
shares not subscribed by existing shareholders can be offered to interested
third parties by the company at the same conditions as part of a private
placement during the subscription period.

The net proceeds from the capital increase will be used to procure tools,
repay liabilities and strengthen iQ Power AG's asset base, thereby
improving its credit quality and liquidity position.

Further information can be found in the issue prospectus prepared in
accordance with Art. 652a of the Swiss Code of Obligations, which will be
available for download shortly on the homepage of iQ Power AG.

The CEO


About iQ POWER
iQ Power develops and markets technologies for new types of starter
battery. At the heart of this technology are the world's first starter
batteries to feature more efficient automated electrolyte mixing with
passive elements - a patent of iQ Power.

For iQ Power's licensees, the new generation of starter batteries offers
significant advantages in terms of increased customer benefit, higher
product reliability and life cycle stability, a longer useful life and
improved environmental and resource protection. In 2010, this ecological
innovation won iQ Power the prestigious Automechanika Innovation Award for
outstanding product innovation.

As a stock corporation, iQ POWER AG is a listed company. The company's
securities are traded on the regulated market (General Standard) of the
German Stock Exchange in Frankfurt, over the counter on the stock exchanges
in Berlin, Düsseldorf, Munich and Stuttgart as well as via XETRA (ISIN:
CH0020609688, German Securities Code Number (WKN): A0DQVL, IQPB).


Contact:

Company contact:
iQ Power AG
Metallstraße 6
CH-6304 Zug
info@iqpower.com
www.iqpower.com

Investor Relations contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
60329 Frankfurt am Main
Phone: +49(0)69 74 30 37 00
Fax: +49(0)69 74 30 37 22
iQPower@gfei.de
www.gfei.de


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Language:     English
Company:      iQ Power AG
              Metallstrasse 6
              6304 Zug
              Switzerland
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 (General Standard);
              Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of Announcement                             DGAP News-Service

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