CeoTronics AG

ots Ad hoc-Service: CeoTronics AG CeoTronics AG: Capital Increase

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Rödermark (ots Ad hoc-Service) - CeoTronics AG: Capital Increase / Founder shareholders take over 45 percent / Finance of further company growth The Management and the Supervisory Board of CeoTronics AG Audio Video Data Communication (WKN 540740) decided on February 14, 2001 to make partially use of the authorization according to paragraph 7 No. 4 of its by-laws. According to this decision CeoTronics Share Capital increased from EUR 3,000,000.00 by an amount of EUR 299,997.00 to EUR 3,299,997.00 by issuing 99,999 new shares with EUR 3.00 per share against cash in a private placement. The new shares are entitled to participate fully in CeoTronics dividends since June 1, 2000. The shareholders subscription rights have been excluded. The shares of this capital increase have been placed by 55 percent with known investors and by 45 percent with the founder shareholders at a price of EUR 17.00 per share. The participation of the founder shareholders in this capital increase shows that in their opinion the CeoTronics share is tremendously underevaluated and that the actual market capitalization represents just approx. a third of its intrinsic value. The proceeds of this capital increase will be used for financing CeoTronics growth. After the above mentioned capital increase there still remains an authorized capital of EUR 1,140,003.00 until November 10, 2004. Further information: CeoTronics AG Audio Video Data Communication Investor Relations Adam-Opel-Str. 6 63322 Rödermark Germany Tel: +49-(0)6074-8751-722 Fax: +49-(0)6074-8751-720 E-mail: End ----------------------------------------------------- Internet: Original-Content von: CeoTronics AG, übermittelt durch news aktuell

Themen in dieser Meldung

Das könnte Sie auch interessieren: