EANS-Adhoc: SYGNIS Pharma AG
SYGNIS announces acquisition of a loan from BASF
SE
29.06.2012 – 14:36
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Contracts 29.06.2012 Ad-hoc release SYGNIS announces acquisition of a loan from BASF SE Heidelberg, 29 June 2012 - SYGNIS Pharma AG (Frankfurt: LIOK; ISIN DE000A1E9B74; Prime Standard) today announces the execution of an agreement effective 31 March 2012 with BASF SE to acquire a loan amounting to EUR 8,000,000 for a purchase price of EUR 1.00 which equals the fair value of the loan. The loan was granted to SYGNIS Bioscience GmbH & Co. KG, a wholly-owned subsidiary of SYGNIS Pharma AG. The acquisition of the loan is part of the necessary realignment of the Company. BASF is a shareholder with approximately 11 per cent in SYGNIS Pharma AG. The acquisition of the loan at fair value will be accounted through profit and loss in the consolidated financial statements ended 31 March 2012. The loan granted to SYGNIS Bioscience GmbH & Co. KG in September 2006 was due for repayment on 30 June 2015. Interest was charged at the 3-month EURIBOR plus a customary mark-up. For further information please contact: |Peter Willinger | |Co-CEO/CFO | |Tel: +49 (0) 6221-454 836 | |Email: willinger@sygnis.de | ### Disclaimer This publication is intended for information only and constitutes neither an offer to sell nor an invitation to buy securities. Some statements included in this press release, relating neither to proven financial results nor other historical data, should be viewed as forward-looking, i.e. not definite. Such statements are mainly predictions of future results, trends, plans or goals. These statements should not be considered to be total guarantees since given their very nature they are subject to known and unknown risks and imponderability and can be affected by other factors as a consequence of which the actual results, plans and goals of SYGNIS Pharma AG may deviate greatly from the established conclusions or implied predictions contained in such statements. SYGNIS does not undertake to publicly update or revise these statements in the light of new information or future results or for any other reason. ### Further inquiry note: Michael Wolf Telefon: +49 (6221) 454 - 6 E-Mail: Michael.Wolf@sygnis.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: SYGNIS Pharma AG Im Neuenheimer Feld 515 D-69120 Heidelberg phone: +49 (0)6221 454-6 FAX: +49 (0)6221 454-777 mail: contact@sygnis.de WWW: http://www.sygnis.de sector: Biotechnology ISIN: DE000A1E9B74 indexes: CDAX, Prime All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English