AUTEV AG
AUTEV AG: Capital measure for production expansion
AUTEV AG / Key word(s): Corporate Action 27.05.2011 / 09:02 (Brandenburg an der Havel, May 27, 2011) Yesterday, AUTEV AG announced in the eBundesanzeiger, that the company will carry out a capital increase through subscription rights from authorized capital. Shareholders will be entitled to purchase one new share for every four existing old shares held (subscription ratio 4:1). As a result, up to 192,384 new shares of the company can be subscribed during the subscription period from the 30th May, 2011 until the 13th June, 2011. The subscription price per share will be EUR 15.00 resulting in up to EUR 2.89 million in new capital received by the company. The financial resources from the capital increase will be used primarily for the targeted expansion of the production capacities in the LED business area. Due to the strong demand, production will be running at full capacity over the coming months. In line with this, a new project company has been founded for which the AUTEV consultant Mr. Thomas Gombas, (formerly responsible for the expansion of the European sales of the American lighting manufacturer CREE), will be leading the project company as CEO. 'Through the expansion of the production capacities we will be able to provide this very profitable market with a larger number of top quality high technology lamps. Sales potential is enormous as well as the industry demand - as a result of the savings potential from day one -', the satisfied and optimistic CEO Thomas Gombas summed up. About AUTEV AG Over the years, the AUTEV AG has developed into an efficient and internationally operating engineering and service company. Additionally, the company is striving to achieve technology and market leadership in new fields of business. As a result the company successfully entered the market for energy efficient and CO2 reducing lighting technology. Following two years of research, the AUTEV AG successfully introduced AuLED into the market. AuLED is an innovative and energy saving lamp for streets and industrial buildings, based on ultra-modern LED technology, which is already currently being widely used. Additional information about AUTEV AG can be found at www.autev.de AUTEV AG Carl-Reichstein-Str. 6 D-14770 Brandenburg a.d.H. Tel: +49 (0)3381 80 43 630 Fax: +49 (0)3381 80 43 635 E-Mail: info@autev.de End of Corporate News --------------------------------------------------------------------- 27.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 126505 27.05.2011
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