Cargolifter AG i.I. (delisted)
CargoLifter AG english
Details of the Capital Increase / Preliminary Results Fiscal Year 2000/2001
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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The Executive Management of CargoLifter AG (WKN 540261) has with the agreement
of the Supervisory Board decided to increase the nominal capital of the Company
from 40.5 million Euro by up to 10.1 million Euro through a capital increase
with subscription rights for shareholders up to a maximum of 50.6 million Euro.
Conditions of the offering were finalised today with Commerzbank AG. Up to 6.75
million shares will be issued from approved capital. The subscription ratio is
4:1. The new shares can be purchased at a subscription price of 5.50 Euro during
the subscription period between November 9-23, 2001. Subscription rights (WKN
540268) will be traded on the stock market from November 9-21.
Furthermore, the company has published its preliminary financial data according
to US GAAP for the 2000/2001 fiscal year. According to this report, annual
losses were 96.4 million Euro ( 67.9 million Euro in the previous year) and
were due to the rising costs resulting from progress in building up the company.
The postponement of investments led to a smaller loss than expected. EBIT was –
99.5 million Euro. Costs for research and development were 65.2 million Euro.
These included the costs for the development of the CL 160, the costs for
manufacturing the CL 75 AirCrane as well as investment in the hangar. General
and administrative costs were 39.7 million Euro. These costs relate to the
development and expansion of the company in all areas of business. Income worth
5.4 million Euro resulted from planning and consulting services, through the
operation of the CargoLifter World theme park, the use of the hangar complex for
events and sales of merchandising articles.
The company will announce its final annual results during a press conference in
Berlin on November 30, 2001.
end of ad-hoc-announcement (c)DGAP 06.11.2001
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
The capital increase will provide CargoLifter AG with financial resources worth
up to 37.125 million Euro. Carrying out the capital increase completely, the
company will receive enough liquidity to drive forward the production of first
components of CargoLifter transport systems and the installation of production
facilities to prepare for further financing steps. CargoLifter is considering
the possibility of entering into a significant investment with a development and
/ or technology partner, performing an additional capital increase, receiving
credit backed by the Government. The capital to be raised will CargoLifter allow
to continue their business until the end of the first quarter of the year 2002
in consideration of the investments planned.
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WKN: 540261; Index: MDAX
Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin, Bremen,
Düsseldorf, Hamburg, Hannover, München und Stuttgart
062015 Nov 01
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