iQ Power AG announces details of resolved capital increase

iQ Power AG  / Key word(s): Capital Increase

23.10.2012 18:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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iQ Power AG announces details of resolved capital increase

  - Issue of up to 180 million voting and preference shares 

  - Subscription price EUR 0.01275

  - Total volume of up to EUR 2.3 million

  - Rights offer for current shareholders from 6th of Nov to 30th of Nov
    2012

  - Private placement subscription until 7 December 2012

Zug/Switzerland, 23 October 2012 - On the basis of the resolution of the
Extraordinary Shareholders' Meeting of 27 September 2012 and in accordance
with the management meeting of 3 October, iQ Power AG (ISIN: CH0020609688,
WKN: A0DQVL, Symbol: IQPB), a developer and marketer of
environmentally-friendly and technologically leading starter batteries for
motor vehicles, has resolved a capital increase.

In total, a maximum of 180,000,000 voting and preference shares to be paid
in full with a par value per share of CHF 0.01 are being offered for
subscription at a subscription price of EUR 0.01275. The current share
capital of iQ Power AG, at CHF 13,706,348.28, is thus increased by up to
CHF 1,800,000. A rights issue for current shareholders will take place from
6th of November until 30th of November and will be followed by a private
placement running until 7 December 2012. New voting and preference shares
not subscribed by existing shareholders can then be offered to interested
third parties on the same conditions.

iQ Power AG aims to list the new preference shares on the unregulated
market of Börse Hamburg-Hannover following the completion of the offering,
but reserves the right to list the shares on the unregulated market of a
different German exchange if deemed in the best interests of shareholders.

The existing shareholders are granted an indirect subscription right in
relation to their respective existing equity interest. The subscription
ratio is 2.5382:1. Accordingly, the possession of 2.5382 registered shares
of iQ Power AG authorises subscription for a new voting and preference
share.

In addition, above and beyond their subscription rights, shareholders can
place a further binding subscription order for an unlimited number of new
voting and preference shares (oversubscription), through which
non-subscribed new voting and preference shares can be subscribed for as
part of the indirect offer for subscription. However, there exists no legal
right to allocation.

The new voting and preference shares (nominal value CHF 0.01) are
fundamentally given equal status to the existing registered shares of the
company (nominal value CHF 0.03) with regard to voting power. However,
according to the Swiss Code of Obligations, they possess only one third of
the voting power of the existing registered shares for certain resolutions
and required voting majorities.

Dividend rights are based on paid-in nominal capital. Since the nominal
value of the new voting and preference shares amounts to CHF 0.01, or a
third of the nominal value of the existing registered shares CHF 0.03, the
new shares are formed with a threefold dividend right (preferential right)
and are thus given equal status to the existing registered shares. From 1
January 2012, the new voting and preference shares will be fully entitled
to participate in dividends.

The net issue proceeds generated from the capital increase will be used to
settle liabilities, strengthen the asset base of the company in general,
improve its credit quality and liquidity, and used as working capital.

With this release, iQ Power AG announces the granting of the rights in the
securities prospectus of 16 November 2011 according to Section 9.12 for the
period from                7 December 2012 to 11 January 2013. Further
information can be obtained via               e-mail at
investor-relations@iqpower.com.

The rights offer will be launched shortly with rights being distributed to
shareholders as soon as remaining administrative hurdles have been cleared
and the Swiss Emissions Prospectus will be published on the website.

Detailed information on the capital increase offer will then be available
at www.iqpower.com.

The Board of Directors

About iQ POWER
iQ POWER AG is a developer and supplier of new types of starter batteries
for motor vehicles. The products are technologically leading, characterised
by a higher level of efficiency, environmentally-friendly and more
lightweight. Products developed by the company include the first
intelligent, software-controlled car battery in the world. The range of
activities also includes industrial batteries as well as system solutions
for electrical energy management in vehicles.

As a stock corporation, iQ POWER AG is a listed company. The company's
securities are traded on the regulated market (General Standard) of the
German Stock Exchange in Frankfurt, over the counter at the stock markets
in Berlin, Düsseldorf, Munich and Stuttgart as well as via XETRA (ISIN:
CH0020609688, German Securities Identification Number: A0DQVL, IQPB).




Contact:
Company Contact:
iQ Power AG
Metallstrasse 9
6304 Zug
Schweiz
Tel.: +41(0) 41 768 03 63
Fax: +41(0) 41 768 03 68
info@iqpower.com
www.iqpower.com

Investor Relations Contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
60329 Frankfurt am Main
Tel.: +49 (0)69 - 74 30 37 00
Fax: +49 (0)69 - 74 30 37 22
iQPower@gfei.de
www.gfei.de


23.10.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      iQ Power AG
              Metallstrasse 9
              6304 Zug
              Switzerland
Phone:        +41 41 7680360
Fax:          +41 41 768 03 68
E-mail:       investor-relations@iqpower.com
Internet:     www.iqpower.com
ISIN:         CH0020609688
WKN:          A0DQVL
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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