Announcement in accordance with section 17 para. 2 of the General Terms and Conditions of Deutsche Börse AG for the Regulated Unofficial Market on the Frankfurt Stock Exchange
Berlin - MagForce Nanotechnologies AG, a medical technology company listed in the Entry Standard segment of the Frankfurt Stock Exchange, today announced its intention to increase its share capital under the procedure to exclude subscription rights for existing investors. The company’s nominal capital is EUR 3,773,198.00, divided into 3,773,198 common shares in bearer form with an imputed nominal value of EUR 1.00. In its resolution of the June 16, 2010, approved by the supervisory board on June 16, 2010, the executive board of MagForce Nanotechnologies has decided to increase its share capital by up to EUR 80,190 against cash contributions, bringing its approved capital limit up to EUR 3,853,388.
Up to 80,190 new common shares will be issued, with profit participation rights dating from January 1, 2009. The company has excluded subscription rights to existing shareholders by its authority under sec. 6 para. 3 of its articles of incorporation (Satzung). The new shares will be privately placed with German and international institutional investors at an offering price of EUR 42.00 per share.
The proceeds of the capital increase are to be used to finance the company’s further growth.
About MagForce Nanotechnologies:
MagForce Nanotechnologies AG is a world-leading company in the area of nanotechnology-based cancer treatment. Its patented Nano-Cancer® therapy enables the targeted destruction of tumors using superparamagnetic nanoparticles to generate heat. The nanotechnology from MagForce represents a revolutionary approach to the future successful treatment of solid tumors.
Disclaimer:
This release may contain forward-looking statements and information which may be identified by formulations using terms such as “expects”, “aims”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates” or “will”. Such forward-looking statements are based on our current expectations and certain assumptions which may be subject to a variety of risks and uncertainties. The results actually achieved by MagForce Nanotechnologies AG may substantially differ from these forward-looking statements. MagForce Nanotechnologies AG assumes no obligation to update these forward-looking statements or to correct them in case of developments which differ from those anticipated.
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