AUTEV AG 
By 19.01.2012
Brandenburg an der Havel, January 19, 2012 - The
AUTEV AG announces that the company has initiated a
capital increase via a rights offering of authorized
capital. This will entitle the holders of four old shares
to purchase one new share (subscription ratio 4:1). As a
result, with the current level of 854,768 outstanding old
shares, up to 213,692 new shares of the company can be
subscribed for. The subscription price will be EUR 4.25,
resulting in a potential subscription amount of
approximately EUR 0.91 million.
The continued internationalization of the company is
increasing becoming an integral part of business plan for
the AUTEV AG. For this reason, a majority of the capital
raised via this rights offering will be used for the
planning and development of a factory to be used for a
project in the Czech Republic that was contracted last
month for a total volume of EUR 8.4 million. The AUTEV AG
will construct a highly modern factory there with
research, development, and production facilities for LED
lighting technology. The joint venture with Industrial
Light & Control a.s. should prove to be an enormous help
in aiding the AUTEV AG in their expansion into the
growing eastern European marketplace. A new line of
products, are to be exclusively developed for the east
European markets custom tailored to the differing
requirements of these countries.
"The sale of our factories to the Czech Republic has once
again confirmed that we are on the right path. The name
AUTEV, as well as the AuLED lighting products have in the
meantime become internationally recognized and accepted
for their inherent high quality standards. We are also
able to provide the Czech Republic with a notable
increase in energy efficiency through our products; of
which we, as a mid-sized company, are extremely proud of.
This makes us very confident that we will continue to
meet our own high expectations and targets in the years
to come", said Tim David, Chairman of the AUTEV AG.
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