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ItN Nanovation AG

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ItN Nanovation AG Restructures Board of Directors and Strengthens Liquidity

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Company Information
19.12.2008
Saarbrücken, December 19, 2008 - ItN Nanovation AG´s (ISIN 
DE000A0JL461) supervisory board has asked chairman of the board Dr. 
Tillmann C. Lauk to step down and resign from his duties as chairman 
effective today. Directorial board member Dr. Roland Schlager also 
resigned from his position. Until further notice, Dr. Ralph Nonninger
will be in charge of the company´s operations as sole director.
ItN Nanovation AG had experienced a liquidity shortage during a 
diversification phase in which the company developed new business 
segments. The strained liquidity situation could now be alleviated by
an influx of funds. A consortium of existing shareholders and new 
investors secured the necessary funding, which consists of several 
tranches. In addition to a loan, further corporate actions to 
increase the capital will be taken, provided that they are in 
accordance with stock-corporation and capital market laws. In the 
context of these corporate actions, creditors will have the option to
provide their loan financing as investment in kind with a partial 
utilization of the approved capital and exempting shareholder 
purchase options. In consequence, parts of these corporate actions 
may have a diluting effect on shares held by existing shareholders.
end of announcement                               euro adhoc

Further inquiry note:

Please address questions to:
ItN Nanovation AG
Untertürkheimer Straße 25
66117 Saarbrücken
Tel.: +49 (0) 681/50 01-460
Fax: +49 (0) 681/50 01-499
E-Mail: info@itn-nanovation.com
www.itn-nanovation.com

IR contact:
edicto GmbH
Herr Axel Mühlhaus
Zeißelstr. 19
60318 Frankfurt am Main
Tel.: 069-90 55 05-52
Fax.: 069-90 55 05-77
Email: amuehlhaus@edicto.de

Branche: Technology
ISIN: DE000A0JL461
WKN: A0JL46
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

Plus de actualités: ItN Nanovation AG
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