BioTissue Technologies AG
BioTissue AG english
291,252 shares from capital increase
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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-291,252 shares from capital increase
-increase in the company’s liquidity
-first strategic sales alliance concluded covering part of Switzerland
The Board of Management of BioTissue Technologies AG has, with the approval of
the Supervisory Board, resolved to make use of part of the Authorized Capital
pursuant to § 4 of the Articles of incorporation and carry out a capital
increase by 291,252 shares against cash contributions and excluding subscription
rights.
The placement of the new shares – has been managed by equinet Securities AG –
half of the figure was placed with a hospital operator based in Switzerland and
the other half was acquired by Supervisory Board Chairman Johannes Fuerst zu
Waldburg-Wolfegg und Waldsee at a price of Euro 2.50 per unit share.
The company is thus benefiting from a cash inflow of some Euro 730,000.
Following the capital increase, the company’s capital stock comes to Euro
3,203,786.
By taking this step, the company has succeeded in boosting its cash balances. At
the same time, it has moved a further step forward together with the new Swiss
investor and strategic partner as regards the planned international marketing of
BioTissue products by concluding a deal for the sale of the company’s products
in Switzerland. This goes along with the approval by Swiss Federal Health Office
permitting BioSeed-S to be sold in Switzerland with immediate effect. BioTissue
products are also poised to launch in other countries, such as Austria, Holland
and Italy.
Contact: BioTissue Technologies AG, Engesserstraße 4a/4b, D-79108 Freiburg, Dr.
Victor Tiegermann, Chief Executive Officer, Tel. +49 (0) 761 76 76-112, Fax +49
(0) 761 76 76-154, ir@biotissue-tec.com, www.biotissue-tec.com.
end of ad-hoc-announcement (c)DGAP 22.11.2002
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WKN: 618061; ISIN: DE0006180615; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
220746 Nov 02
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