24 October 2013

Aixtron raises €101m from capital increase

Deposition equipment maker Aixtron SE of Aachen, Germany is increasing its share capital by about 10% through the use of authorized capital and excluding shareholders’ subscription rights.
                                                                                                                      
The 10,223,133 new registered shares (shares without par value) were subscribed by investors at a placement price of €9.90 per share via an accelerated book building process. The placement was considerably oversubscribed, says Aixtron.

Gross proceeds from the capital increase of about €101m will be used to further strengthen Aixtron’s technology by selectively investing in additional growth areas for the firm, including projects related to technologies for the manufacturing of power electronics, organic light-emitting diodes (OLEDs) and silicon semiconductor applications. Additionally, the capital increase is expected to strengthen Aixtron’s financial flexibility by reinforcing its balance sheet and cash position.

The new shares will be admitted for trading without a sales prospectus in the regulated market of the Frankfurt Stock Exchange, with a simultaneous listing in the Prime Standard segment of the Frankfurt Stock Exchange (which has enhanced disclosure obligations). The shares qualify for a dividend from 1 January 2013. Delivery of the new shares and settlement is expected to occur on 29 October.

See related items:

Aixtron’s recovery program improves earnings, despite growth remaining subdued

See: Aixtron Company Profile

Tags: Aixtron MOCVD

Visit: www.aixtron.com