DGAP-Adhoc: Conclusion of Capital Increase and Payoff of Convertible Bond 2010
03.12.2013 – 13:28
iQ Power AG / Key word(s): Capital Increase/Miscellaneous 03.12.2013 13:26 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- iQ Power AG: Conclusion of Capital Increase and Payoff of Convertible Bond 2010 - 61,3 million shares subscribed the latest phase of the rights issue and private placement - Total placement of the 1st tranche equals 74% of total (139,9 million shares) - Total subscription was approximately Euro 1,7 million (Euro 0,01275/share) - Re-payment of Convertible Bond 2010 - Total number of shares common and preferred are now approx. 788,1 million - Listing of the new preference shares (WKN A0DQVL / ISIM CH0199540599) in Stuttgart Zug/Switzerland, 03 December 2013 - iQ Power AG (ISIN: CH0020609688, German Securities Code Number (WKN): A0DQVL; ISIN: CH0199540599, German Securities Code Number (WKN): A1J7TW), a developer and marketer of technologies for environmentally friendly and technologically leading starter batteries for motor vehicles and licences in these technologies, provides a status report on the 1st tranche of the capital increase and the convertible bond 2010. In April 78,6 million shares were subscribed by existing shareholders through a rights issue (WKN A0DVQL / ISIN CH0199540599). After an extension of the private placement, the 1st tranche of the capital increase was concluded in November, 2013. In this timeframe, an additional 31,5 million shares were subscribed through a rights offering and approximately 30,0 million shares were subscribed through private placement. Together with the rights offer in April, this represents 74% of the 139,9 million shares offered for a total of Euro 1,7 million. The total number of common and preferred shares were thereby increased to 788,1 million. As announced, following the registration in the commercial register, the outstanding bonds from the convertible bond 2010 (ISIN: CH0117571825, CH0117572393), which ran out on 31.October.2013, will be paid this week to remaining bondholders, including extra interest for the time of the payment delay. The conclusion of the capital increase is the pre-requisite for the listing of the new preference shares (WKN A0DQVL / ISIN CH0199540599) fulfilled. As currently planned, the trading will take place on the Stuttgart Exchange following completion of all formalities. During the capital increase of 2012, the Korean Consortium pledged to purchase a certain amount of all remaining shares from the rights issue. In November the Korean Consortium was able to fulfil this obligation. Bull & Hatch Limited (Hong Kong) subscribed, through a Director of the company, to a six-figure Euro amount. The total subscribed did not equal the amount previously committed in the contract from December 2012. Due to the close working relationship with Discover Energy, iQ Power has decided not to negotiate this matter further. New investments are possible in the future. The Management About iQ POWER iQ Power develops and markets technologies for new types of starter battery. At the heart of this technology are the world's first starter batteries to feature more efficient automated electrolyte mixing with passive elements - a patent of iQ Power. For iQ Power's licensees, the new generation of starter batteries offers significant advantages in terms of increased customer benefit, higher product reliability and life cycle stability, a longer useful life and improved environmental and resource protection. In 2010, this ecological innovation won iQ Power the prestigious Automechanika Innovation Award for outstanding product innovation. 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 on the stock exchanges in Berlin, Düsseldorf, Munich and Stuttgart as well as via XETRA (ISIN: CH0020609688, German Securities Code Number (WKN): A0DQVL, IQPB). Contact: Company Contact: iQ Power AG Metallstrasse 6 6304 Zug Schweiz 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 --------------------------------------------------------------------------- Language: English Company: iQ Power AG Metallstrasse 6 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 ---------------------------------------------------------------------------