AUTEV AG
Implementation of established growth strategy aided by successful corporate actions
AUTEV AG / Key word(s): Miscellaneous/Corporate Action AUTEV AG: Implementation of established growth strategy aided by successful corporate actions – Gross proceeds total approximately EUR1.1 million – Positive response confirms confidence in AUTEV's business model Brandenburg an der Havel, 20 March 2012 – AUTEV AG is announcing the successful completion of the capital increase initiated at the end of January 2012 and the issue of a convertible bond. The gross proceeds of both corporate actions exceeded initial expectations, totalling some EUR1.1 million. The proceeds will increase working capital, used to pre-finance major projects, and thus will help the company continue with its established growth strategy. 'By successfully completing these corporate actions, we have taken a big step in the further implementation of the growth strategy we have chosen. The positive response from our investors, as reflected in the amount of capital raised, is further confirmation of their confidence in the AUTEV business model and the strategy we have established', commented Tim David, member of AUTEV AG's Management Board. The Management Board
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.
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