Saarbrücken / Frankfurt am Main – 1 September 2009 – The board of management of Nanostart-holding ItN Nanovation AG (ISIN DE000A0JL461) with the approval of the supervisory board has today agreed on a capital increase from authorised capital.
Utilizing around one third of the authorised capital available, the current capital stock of ItN Nanovation AG currently amounting to 7,389,657 Euros is increased against cash by 336,000 Euros to 7,725,657 Euros with the issue of 336,000 non-par-bearer shares entitled to dividend from 1 January 2009 for an amount close to the stock market price which excludes shareholders' subscription rights. All 336,000 shares were subscribed today, mostly by two strategic investors who demonstrate their confidence in the company. The company receives fresh funds by the capital increase after the deduction of costs amounting to around 900,000 Euros. The funds that flow into the company at short notice are used for the required strengthening of equity and consequently the improvement of the economic situation of ItN Nanovation AG.
About Nanostart: Nanostart AG is the world’s leading nanotechnology investment company. The Frankfurt-based company provides venture capital financing for nanotechnology companies in various growth phases. It also provides the benefits of its experience and expertise to developers of financial instruments and to investors in the nanotechnology sector. For further information about the company, please visit www.nanostart.de.
About ItN Nanovation: ItN Nanovation AG is one of the leading nanotechnology companies in the world, developing innovative ceramic products, such as filtration systems and coatings, for large industrial customers. The nanoscale powder needed for those products is manufactured by the company itself. ItN Nanovation was formed in 2000 and currently has over 100 employees. The company's success is founded on an extensive patent portfolio, combined with comprehensive development and application know-how. For further information about the company, please visit www.itn-nanovation.com.
Disclaimer: This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the “Entry Standard” segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within the United States of America, Canada, Australia or Japan.
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Nanostart AG
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Germany
phone: +49 (0)69-21 93 96 111
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