euro adhoc: november AG
Capital measures
nvember AG proposes capital
reduction for recapitalisation
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
11.09.2008
november AG´s management and supervisory board suggest a capital decrease at an extraordinary annual meeting aiming at supporting november AG´s n-going financial restructuring. As part of resolving november AG's on-going financial restructuring, a simpified capital decrease in accordance to §§229 ff. AktG from EUR 14.041.515,00 by way of 3 to 1 reverse stock split, in order to cover losses and cmpensation of value depreciations is suggested to the extraodinary annual meeting. The share capital of the company will be reduced by one share, which will be acquired gratuitously and collected immediately, in order to prevent share fractions. The invitation to the extraordinary annual meeting including the draft resolution is to be released to the public in the ebundesanzeiger soon.
end of announcement euro adhoc
Further inquiry note:
Marcus Weichert
Leitung PR/IR
Telefon: +49(0)9131 75088 868
E-Mail: weichert@november.de
Branche: Biotechnology
ISIN: DE000A0S9N72
WKN: A0S9N7
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade