NextAlarm AG
NextAlarm AG: NextAlarm AG announces capital increase of up to EUR425,000
NextAlarm AG / Key word(s): Capital Increase
NextAlarm AG announces capital increase of up to EUR425,000 Munich, February 13, 2011 – NextAlarm AG, the worldwide provider of monitoring and security systems, announces that its Board of Directors resolved yesterday to increase its existing share capital of EUR 850,000 consisting of 850,000 shares with a nominal value of EUR 1.00 each by up to EUR 425,000 representing up to 425,000 new shares to up to EUR 1,275,000 representing up to 1,275,000 shares. The shares will be issued with pre-emptive rights allowing existing shareholders to subscribe for 1 new share for each 2 existing shares held in NextAlarm AG. Shareholders can make a subscription request going beyond their legal subscription rights (over-subscription). The Company has already received commitments to support the capital increase by existing shareholders and institutional investors, such as Mr. Heinz Roth, founder and former Chairman of the Executive Board of Primion AG. The potential investors are supporting the Company's long term development and the promising growth strategy in the area of private label value-added services in particular for phone and cable companies, as well as the positioning as one of the leading solutions and services providers. The issue price per share is set at EUR 2.00 reflecting gross funds raised of up to approximately EUR 850,000 million. Any shares which are not subscribed for by existing shareholders will be offered to institutional investors as part of a private placement. The subscription period is expected to start on Friday, February 17, 2012 and will end on Friday, March 2, 2012. Further details are to be set forth in the subscription offer that is expected to be published on Thursday, February 16, 2012 in the German electronic Federal Gazette ('Elektronischer Bundesanzeiger') and on the website of the company. ACON Actienbank AG is acting as clearing agent for NextAlarm AG on the transaction. The proceeds from the capital increase are intended to strengthen the Company's capital base in order to foster the opening up of new markets. Here, NextAlarm is primarily focusing on establishing and extending the sales structures in Germany. The Executive Board is convinced that now is the right time to tap into the mass market in Germany. Moreover, the fresh capital will in particular serve to connect the customer portals of distribution partners, especially in the fields of cable and phone companies, as well as for R&D activities to broaden the services portfolio in the area of smart home applications. The capital increase is thus appropriate and is in the Company's interests and in the interest of its shareholders. Last Monday, Deutsche Boerse AG announced to restructure the Open Market in order to enhance transparency for investors. In the Open Market segment, the First Quotation Board in its current form will be discontinued probably in the third quarter of 2012. Since March 2011, NextAlarm AG shares are being traded in the Open Market at the Frankfurt Stock Exchange. However, the Company already now fulfils part of the higher transparency requirements of the Entry Standard. At this point in time, no final decision has been taken so far by the Executive Board of NextAlarm AG how the new requirements will be dealt with, but the Company considers either a change of the market segment or a change of the location of the stock exchange. In any case, it will be taken care of that the Company's shares continue to be eligible for trading also in the future.
For further information on Nextalarm AG please refer to www.nextalarm.com and to www.nextalarm.de. NextAlarm AG Investor Relations Team
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wordstatt GmbH About NextAlarm AG and NextAlarm(R) Monitoring Services, Inc. NextAlarm AG is the parent company of Ojai, California/USA based NextAlarm(R) Monitoring Services, Inc. The US subsidiary was established in the year 2000 by a team of alarm industry experts with more than 50 years of collective experience and operates successfully in the US market with a base of more than 13,000 customers. The Company provides the answer to the monitoring and security needs of private households and commercial customers. NextAlarm AG's products and services portfolio includes a wireless monitoring and alarm system, wireless indoor and outdoor cameras, a patented broadband adapter that allows you to control most current alarm systems over the Internet as well as an intelligent video monitoring system 'Next View'. For more information about NextAlarm.com(R), visit www.nextalarm.com and www.nextalarm.de. End of Corporate News 13.02.2012 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 |
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