Tous Actualités
Suivre
Abonner Lintec Computer AG

Lintec Computer AG

euro adhoc: Lintec Information Technologies AG
Capital measures
Ad hoc announcement by LINTEC Information Technologies AG (ISIN DE0006486004) in accordance with Section 15 German Securities Act: rescue package with capital increase

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
24.08.2005
After putting several restructuring measures (including boosting cost
effectiveness and reducing legal risks) into effect, the main
obstacle is the strained liquidity situation currently preventing
LINTEC from taking on certain large orders. Over the past few months,
LINTEC has been working closely and constructively with its bank, the
Free State of Saxony and private equity companies to put together a
rescue package that will clear this obstacle and grant LINTEC
medium-term stability.
This package includes a newly issued operating loan of EUR5 million
partly guaranteed by the Saxon government along with an equity
injection of at least EUR 1.5 million.
The equity injection will take the form of a capital increase. Acting
on the basis of his authority enshrined in Section 5(3) of the
articles of association, on 23 August 2005 the CEO of LINTEC
Information Technologies AG decided to make partial use of the
authorised capital. This resolution was approved by the Supervisory
Board on 23 August 2005.
The nominal capital is currently EUR 2,150,000 divided into 2,150,000
nopar value shares. The plan is to raise this by up to EUR 2,293,334
to up to EUR 4,443,334 through capital contributions by issuing up to
2,293,334 nopar value shares each corresponding to a theoretical
share of the nominal capital of EUR 1 at an issue price of EUR 1 per
share. The capital increase will be accomplished through indirect
subscription. Shareholders´ share options are excluded for fractional
amounts. The subscription ratio is 15:16: ownership of 15 old shares
grants entitlement to purchase 16 new ones. The new shares will be
entitled to participate in profit sharing as of 1 January 2005.
Application for the new shares to be listed on the Frankfurt Stock
Exchange´s Regulated Market (Prime Standard) is expected to be
submitted on 6 September 2005.
If not all share options are exercised, Gebhard & Co.
Wertpapierhandelsbank AG (based in Gräfelfing), which will be
overseeing the transaction, may allocate unpurchased shares to
company shareholders submitting a binding offer to buy additional new
shares going beyond their subscription quota at the issue price. Any
remaining shares which are not purchased or otherwise acquired are to
be offered to selected investors at the issue price through private
placement.
The CEO will himself take part in the capital increase. The selected
investors will endeavour to also involve themselves in LINTEC´s
organisational activities.
end of announcement                               euro adhoc 24.08.2005 08:08:38

Further inquiry note:

LINTEC Information Technologies AG, Investor Relations, Tel: +49 (0)34298 71607,
Fax: +49 (0)34298 71372, Email: aktie@lintec.de, Web: www.lintec.de

Branche: Computing & Information Technology
ISIN: DE0006486004
WKN: 648600
Index: Prime Standard, CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade

Plus de actualités: Lintec Computer AG
Plus de actualités: Lintec Computer AG