DGAP-News: InFin Innovative Finance AG: Mars One public on Frankfurt Stock Exchange after takeover by InFin
DGAP-News: InFin Innovative Finance AG / Key word(s): Miscellaneous
InFin Innovative Finance AG: Mars One public on Frankfurt Stock Exchange after
takeover by InFin
07.11.2016 / 16:28
The issuer is solely responsible for the content of this announcement.
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Mars One public on Frankfurt Stock Exchange after takeover by InFin
Mars One aims to establish a permanent human settlement on Mars. Mars One now
has an agreement to list its commercial arm Mars One Ventures at the Frankfurt
Stock Exchange through a takeover by InFin Innovative Finance AG [FRA: KCC]
("InFin").
Basel, November 7th, 2016- Mars One and InFin are pleased to announce that a
takeover agreement was signed between InFin and all shareholders of Mars One
Ventures PLC ("Mars One Ventures"). InFin will acquire 100% of the shares of
Mars One Ventures for EUR87 million (book value in accordance with the valuation
EUR107 million) with newly issued, fully paid up InFin shares. After admission
of the new InFin shares to trading on the Frankfurt Stock Exchange, the Mars One
Ventures shareholders will hold 97.5% of the InFin shares. The boards of the
companies have unanimously approved the agreement. InFin Innovative Finance AG
will be renamed Mars One Ventures AG.
"Mars One is very pleased to have been acquired by InFin. This step provides the
opportunity to raise capital through the listing on the Frankfurt Stock
Exchange. This listing also supports our aim to attract international support to
establish a permanent human settlement on Mars: our global followers will have
the opportunity to be part of this adventure and to literally own a piece of
this historic venture. We have a solid business based on our historical
performance that might be of interest to anyone looking for diversification of
their investment portfolio" says Bas Lansdorp, CEO and co-founder of Mars One.
With the acquisition of Mars One Ventures by InFin, Mars One creates a decisive
and time-critical competitive advantage by being the first Mars exploration
company to successfully go public. The listing at the renowned Frankfurt Stock
exchange enables direct access to the global capital market. This will be the
first global opportunity for investment banks, funds, stockbrokers and any other
(retail) investor to take part in a human mission to another planet through
buying shares in a listed company.
"We are delighted having closed this transaction. We feel confident that the
international brand recognition of Mars One combined with InFin as a listed
vehicle at a regulated market as a capital raising platform will, in time,
deliver long term sustainable returns to our existing and future shareholders,
especially once the pending Mars One mission funding will have been completed,"
says Prof. Moritz Hunzinger, CEO of InFin.
Company Structure and Commercial Potential
Mars One consists of two entities: the not-for-profit Mars One Foundation and
British public limited company Mars One Ventures PLC. The Mars One Foundation
implements and manages the mission and owns the mission hardware. It also
selects and trains the crews, and is building an ever growing community of
experts and supporters that follow the progress of the mission and contribute to
it. Mars One has a renowned advisory board including a former NASA Chief
Technologist, an astronaut, and a Nobel prize laureate. With several completed
feasibility studies by Lockheed Martin Space Systems Company and Paragon Space
Development Corporation, Mars One Foundation has built a firm basis on which to
continue its mission.
The Foundation has transferred all global monetization rights to Mars One
Ventures in order to successfully finance the mission. Revenue streams for Mars
One Ventures are sales of merchandise, ads on video content, broadcasting
rights, brand partnerships, Intellectual Property, and many others.
Mars One Ventures will pay EUR6 million out of the capital to be raised through
the listing to the Mars One Foundation as part of the exclusive monetization
rights contract. Additionally, it will pay a 5% license fee on all revenue to
the Foundation. The Foundation will use that funding to move the mission to Mars
forward: award new contracts to suppliers, organize the next round in the
astronaut selection process, hire team members with experience in implementing
Mars missions, and crew selection and training. Mars One Ventures will build a
core team of experienced media professionals to develop the Mars One brand and
monetize it.
"Mars One's mission has been covered by news outlets around the world, reaching
millions of individuals. The 2013 job opening to become one of the Mars One
astronauts was one of the most popular job vacancies of all times. There are
currently 100 candidates remaining, who will face team challenges in the next
round of the selection program. Our candidates give Mars exploration a human
face and I believe this is one of the reasons why Mars One is so successful. We
expect the documentary series about selecting the right teams to reach an even
larger audience" says Lansdorp.
Financing and Closing Conditions
The boards of the companies have agreed that InFin will purchase all Mars One
Ventures shares. The acquisition is subject to customary closing conditions,
including InFin shareholder approval of the agreement and due diligence. The
extraordinary shareholder meeting of InFin will take place on the 2nd of
December 2016. The board of InFin has received irrevocable commitments for over
70% of the voting shares of InFin to agree to the acquisition at the shareholder
meeting.
Board Composition
Bas Lansdorp, co-founder and CEO of Mars One, will be appointed as Chairman of
the Board of Directors. Further Members of the Board will be Prof. Hunzinger,
InFin's current CEO, and Suzanne Flinkenflögel, Director of Communications of
Mars One.
Mars One will be looking for a new CEO for Mars One Ventures with a proven track
record in growing start up companies and leading established media companies.
Lansdorp says: "We're looking for a visionary CEO for Mars One Ventures to build
the Mars One brand and grow the company to a multi billion dollar business over
the course of 10 years to enable the next giant leap for humankind: Settling
Mars".
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About InFin Innovative Finance
InFin Innovative Finance AG (Basel, Switzerland) provides innovative services
within the scope of financing, setting up, building, acquiring, managing and
selling companies and participations in companies at home and abroad as well as
holding and managing licenses and patents of all kinds. After the completion of
the full takeover of Mars One, the company will trade as "Mars One Ventures AG"
and henceforth change its business purpose accordingly.
For more information about InFin, please visit infin-innovative.com.
About Mars One
Mars One aims to establish a permanent human settlement on Mars. Before
carefully selected and trained crews will depart to Mars, several unmanned
missions will be completed, establishing a habitable settlement waiting for the
first astronauts to arrive.
Mars One consists of two entities: the Dutch not-for-profit Mars One Foundation
and a British public limited company Mars One Ventures PLC (Mars One Ventures).
The Mars One Foundation implements, and manages the mission and owns the mission
hardware. It also selects and trains the crews, and is building an ever growing
community of experts and supporters that follow the progress of the mission and
contribute to it.
Mars One Ventures holds the exclusive monetization rights around the Mars One
mission. There are many revenue possibilities around the mission to Mars:
merchandise, ads on video content, broadcasting rights, partnerships,
Intellectual Property, events, games, apps, and many more.
For more information about InFin, please visit www.infin-innovative.com.
Contact information: Suzanne Flinkenflögel, press@mars-one.com
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07.11.2016 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.
Archive at www.dgap.de
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Language: English
Company: InFin Innovative Finance AG
Birsigstr. 2
4054 Basel
Switzerland
Phone: +41 61 312 34 11
E-mail: ir@infin-innovative.com
Internet: www.infin-innovative.com
ISIN: CH0132106482
WKN: A14NYB
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial
Market in Munich
End of News DGAP News Service
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518127 07.11.2016
DGAP-Ad-hoc: InFin Innovative Finance AG / Key word(s): Takeover InFin Innovative Finance AG: : InFin Innovative Finance AG takes over 100 % of Mars One Ventures PLC 04.11.2016 / 20:39 Disclosure of an inside information according to Article 17 MAR. The issuer is solely responsible for the content of this ...
DGAP-Ad-hoc: InFin Innovative Finance AG / Key word(s): Miscellaneous InFin Innovative Finance AG: Contract signed with Mars One 04.10.2016 / 20:08 Correction of an inside information according to Art. 17 MAR. The issuer is solely responsible for the content of this announcement. 508773 04.10.2016 ...
DGAP-Ad-hoc: InFin Innovative Finance AG / Key word(s): Miscellaneous InFin Innovative Finance AG: Contract signed with Mars One 03.10.2016 / 18:06 Disclosure of an inside information according to Article 17 MAR. The issuer is solely responsible for the content of this announcement. 508321 03.10.2016 ...