06/20/2007 07:40:00 CEST
Manz Automation AG is one of the world's leading producers of automation, quality assurance and laser process technology for the photovoltaic and LCD industry and has successfully placed a capital increase from authorized capital. As part of a private placement, a total of 325,650 new no-par value bearer shares of the high-tech engineering company were issued at a price of EUR 70.00 per share. The shares were fully placed exclusively with institutional investors during accelerated bookbuilding by a banking syndicate led by Landesbank Baden-Württemberg in the course of just a few hours. The capital increase met with very high demand from German and international investors. Gross proceeds from the issue of around EUR 22.80 million have accrued to the company as a result of the transaction. These will be used in particular for future acquisitions. Planned acquisitions in Germany and abroad will allow Manz to access complementary technologies and additional resources in order to successfully continue Manz Automation AG’s dynamic growth.
The capital increase from authorized capital excluded subscription rights. As a result of the issue of new shares, Manz Automation AG’s share capital has increased from EUR 3,257,250 to EUR 3,582,900. After the capital increase has been entered in the commercial register, the new shares will be included in OTC trading (Entry Standard) at the Frankfurt Stock Exchange with the symbol M5Z (German Securities Code (WKN) A0JQ5U, ISIN DE000A0JQ5U3). The new shares carry dividend rights from January 1, 2007.
