4SC AG
Press Release: 4SC AG announces formal closing of capital increase
4SC AG / Key word(s): Capital Increase/Miscellaneous Press Release NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. 4SC AG announces formal closing of capital increase – Share capital increased from EUR 10,216,646.00 to EUR 18,966,646.00, gross issue proceeds of EUR 29 million at the top end of the targeted volume range. – Cash capital increase and capital increase against contributions in kind entered in the commercial register. – Upon completion of 4SC’s Annual General Meeting on 27 July 2015 and admission of the new shares from the capital increase against contributions in kind for trading on 28 July 2015, all 4SC shares are trading under the same ISIN (DE000A14KL72), German SIN (WKN A14KL7) and stock exchange symbol (VSC) starting today. Planegg-Martinsried, Germany, 29 July 2015 – 4SC AG (Frankfurt, Prime Standard: ISIN DE000A14KL72, VSC) announced today that the capital increase for the funding of its research and development programmes in the field of cancer therapies, in particular a planned clinical Phase II trial with its lead oncology compound resminostat in the indication of cutaneous T-cell lymphoma (CTCL), resolved on 22 June 2015 has been formally closed. As announced in the ad hoc release on 7 July 2015, in a cash capital increase and a capital increase against contributions in kind the share capital of 4SC AG has been increased from EUR 10,216,646.00, composed of 10,216,646 no-par value bearer shares, by EUR 8,750,000.00 or 8,750,000 shares to a total of EUR 18,966,646.00, composed of 18,966,646 shares, while partially utilising authorised capital. In the cash capital increase, 7,250,000 offered shares were placed at a subscription price of EUR 4.00 with existing shareholders in a rights issue and with selected new institutional investors in a subsequent rump placement. This resulted in gross issue proceeds of EUR 29 million, representing the upper end of the targeted volume range. Furthermore, a total of 1,500,000 consideration shares were issued at the issue price of EUR 4.00 by way of a capital increase against contributions in kind in order to swap a substantial portion of EUR 6 million of a shareholder loan into equity. The cash capital increase was entered in the commercial register on 9 July 2015, the capital increase against contributions in kind was entered in the commercial register on 17 July 2015. From the start of share trading today (29 July 2015), all old and new 4SC shares are trading under the same ISIN (DE000A14KL72), German securities identification number (WKN) (A14KL7) and stock exchange symbol (VSC). As stated in the ad hoc release on 7 July 2015, the new shares from the cash capital increase were temporarily traded with the ISIN DE000A14KD72, the WKN A14KD7 and the stock exchange symbol VSCJ from 10 July 2015 until 27 July 2015, the day of 4SC’s Annual General Meeting. The new shares from the capital increase against contributions in kind received admission for trading yesterday (28 July 2015) and are included in stockmarket trading starting today (29 July 2015). Baader Bank AG acted as Global Coordinator and Sole Bookrunner for the rights offering. Release ends About 4SC Legal note This publication constitutes neither an offer to sell nor a solicitation to buy securities. The offer was made solely by means of, and on the basis of, a securities prospectus. The prospectus is available for free at 4SC AG, Am Klopferspitz 19a, 82152 Planegg-Martinsried, Germany, and on the websites of 4SC AG at www.4SC.de and www.capital.4SC.de. The securities have already been sold. Cautionary statement regarding forward-looking statements For more information please visit www.4sc.com or contact: 4SC AG MC Services 2015-07-29 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | 4SC AG | |
Am Klopferspitz 19a | ||
82152 Martinsried | ||
Germany | ||
Phone: | +49 (0)89 7007 63-0 | |
Fax: | +49 (0)89 7007 63-29 | |
E-mail: | public@4sc.com | |
Internet: | www.4sc.de | |
ISIN: | DE000A14KL72 | |
WKN: | A14KL7 | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange | |
End of News | DGAP News-Service |
381691 2015-07-29 |