GAP AG GSM Applikationen und Produkte
GAP AG carries out capital increase
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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GAP AG carries out capital increase
Oberhaching, June 4, 2004 – The Managing Board of GAP AG für GSM Applikationen
und Produkte (WKN 580150, ISIN: DE0005801500; WKN 580152, ISIN: DE0005801526)
has resolved, with the approval of the Supervisory Board, to make use of the
approved capital I in the amount of Euro 404,438.00 as well as a portion of the
approved capital II in the amount of Euro 45,562.00 for the purpose of a cash
capital increase in a ratio of 12:1. The cash capital increase in the amount of
Euro 450.000,00 will support the further development of the company.
The offer of new shares will be published in the elektronischer Bundesanzeiger
and in the Börsen-Zeitung on June 8, 2004. The new shares will be offered to
shareholders through the company by way of a direct subscription right at a
price of Euro 1.00 per share for a period of two weeks beginning at the time of
the publishing, that is up to and including June 23, 2004, in a ratio of twelve
old shares for one new share. The new shares are entitled to participate in
profit sharing as of January 1, 2004. In the preliminary stages of the capital
increase an investor agreed to subscribe for those new shares which are not
subscribed for by subscription rights during the offer and subscription period.
The issuance of 450,000 new shares increases the share capital of the company to
Euro 5.85 million.
An application for acceptance of the new shares to the Geregelter Markt (General
Standard) of the Frankfurt Stock Exchange will be made immediately following
the issuance of the shares.
Contact:
GAP AG für GSM Applikationen und Produkte,
Bajuwarenring 12a, 82041 Oberhaching,
Tel.: 089-666695-370, e-mail: ir@gapag.de
end of ad-hoc-announcement (c)DGAP 04.06.2004
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WKN: 580150; ISIN: DE0005801500; Index:
Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
040833 Jun 04
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