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Abonner CHRIST WATER TECHNOLOGY AG

CHRIST WATER TECHNOLOGY AG

euro adhoc: CHRIST WATER TECHNOLOGY AG
Capital measures
Capital increase of almost 10% of capital stock CHRIST Management Board resolves to increase capital with exclusion of subscription rights to a nominal value of EUR 1,758,349.00

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Company Information
23.11.2007
The Management Board of Vienna Stock Exchange-listed Christ Water 
Technology AG ("CHRIST") resolved today to increase the company´s 
share capital from EUR 17,858,500.00 by up to EUR 1,758,349.00 by 
issuing up to 1,758,349 new shares for cash contribution. The 
existing shareholders´ subscription rights were excluded to 
facilitate that the capital increase may be implemented as quickly 
and flexibly as possible, thus limiting the risk of an adverse change
in market conditions and facilitating a pricing of the capital 
increase close to the then current share price. The detailed report 
by the Management Board setting out the reasons for the exclusion of 
the subscription rights is expected to be published tomorrow in the 
Vienna Official Gazette (Amtsblatt zur Wiener Zeitung) and will be 
available for download at http://www.christwater.com.
Proceeds from the issue are to be used mainly to finance the 
acquisition of Zeta Group, to implement a sea water desalination 
plant project in the United Arab Emirates and to develop the 
operator-business of smaller, primarily municipal drinking water 
and/or waste water plants.
The Management Board resolution is subject to approval by the 
Supervisory Board of CHRIST.
The issue price of the new shares and the final volume of the capital
increase are to be determined in a book-building procedure and are 
expected to be set and published on December 10th, 2007 by the 
Management Board with Supervisory Board approval in conjunction with.
When setting the issue price of the new shares, in particular, the 
CHRIST share´s current stock exchange price on, or immediately prior 
to, the day of pricing will be taken into account.
The new shares are to be offered by the company by way of a private 
placement to selected institutional investors in Austria and the rest
of Europe. GBR Financial Services GmbH will act as selling agent. The
shares will not be offered publicly in Austria or in any other 
country.
The new shares are expected to be traded in the Prime Market segment 
of the Vienna Stock Exchange on or about December 13th, 2007.
DISCLAIMER: THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL 
NOR AN INVITATION TO BUY SECURITIES IN AUSTRIA, GERMANY, THE UNITED 
STATES OF AMERICA ("USA") OR IN ANY OTHER JURISDICTION. THIS DOES NOT
CONSTITUTE A PUBLIC OFFER OF SHARES IN CHRIST WATER TECHNOLOGY AG 
(THE 'COMPANY'). THE SECURITIES WERE NOT AND WILL NOT BE REGISTERED 
PURSUANT TO THE C THE US SECURITIES ACT 1933, AS AMENDED ("SECURITIES
ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE USA ABSENT REGISTRATION 
OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THIS 
INFORMATION IS NOT BEING ISSUED IN THE USA AND MAY NOT BE DISTRIBUTED
TO U.S. PERSONS OR PUBLICATIONS WITH GENERAL CIRCULATION IN THE USA.
end of announcement                               euro adhoc 23.11.2007 07:30:00

Further inquiry note:

Christ Water Technology Group
Ralf Burchert, CEFA
ralf.burchert@christ-water.at
Tel.: +43 (0)6232/5011-1113

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market

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Plus de actualités: CHRIST WATER TECHNOLOGY AG