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PrintAnnouncement in accordance with Art. 15 WpHG
Ad-hoc Announcement: SYSTAIC issues convertible bond to finance growth
The solar technology company systaic AG has today agreed to issue a convertible bond in order to finance further growth. The bond’s overall issue price is about EUR 15.8 million nominally, with maturity in 2013. The issue price includes a premium (agio) of about 25 %, yielding a cash inflow of about EUR 19.7 million.
The conversion price, including an additionally agreed premium, was fixed at EUR 6.58 per SYSTAIC share. The earliest date for conversion is 28 September 2009.
The convertible debentures are offered for subscription to shareholders of systaic AG only. The subscription ratio is 73:1.
Subscription rights are not available for trading. The rights offer will be published in the electronic Federal Gazette on 24 August 2009. Unsubscribed convertible debentures will be privately placed.
| Language: | English | |
| Company: | systaic AG Benrather Straße 18-20 40213 Düsseldorf Germany Phone: +49 (0)211 828559-0 Fax: +49 (0)211 828559-229 E-Mail: ir@systaic.com Internet: http://www.systaic.de | |
| ISIN: | DE000A0JKYP6 | |
| WKN: | A0JKYP | |
| Trading places: | Regulated Market in Frankfurt (Prime Standard); Open Market in Berlin, Düsseldorf, Stuttgart |
SYSTAIC at a Glance
systaic AG specialises in efficient and aesthetically pleasing solar power solutions: The strategic core product for consumers is the future-oriented SYSTAIC Energy Roof for buildings, a multi-awardwinning energy system for electricity and heat generation. The portfolio also includes the development and installation of integrated photovoltaic industrial solutions.
In its SYSTAIC Energy Roof Systems business unit, SYSTAIC is developing, manufacturing, marketing and installing a new generation of complete solar systems all over Europe, which stand out significantly in terms of their technology and appearance from the other systems currently available on the market. The SYSTAIC Energy Roof offers comprehensive and homogenous total solutions for every style of roof.
The SYSTAIC Industrial Solutions business unit builds turnkey solar power plants in Germany and abroad for partners in the financial and property sector. Within this segment, systaic AG is also implementing its strategy of concentrating on integral solar systems.
Subsidiaries of systaic AG are systaic Portugal (Sistemas Energéticos de Portugal Lda), Lisbon, systaic Americas Inc., Carlsbad, systaic France S.A.R.L., Paris, systaic Hellas M.EPE, Athens, systaic Ibérica S.L.U., Barcelona, systaic Italia S.r.L., Milan and systaic sourcing AG & Co., Düsseldorf, systaic Technologies GmbH, Düsseldorf.
