- Gross proceeds total approximately €1.1 million
- Positive response confirms confidence in AUTEV's business model
Brandenburg an der Havel, 20 March 2012 - AUTEV AG
is announcing the successful completion of the capital
increase initiated at the end of January 2012 and the issue
of a convertible bond. The gross proceeds of both corporate
actions exceeded initial expectations, totalling some €1.1
million. The proceeds will increase working capital, used
to pre-finance major projects, and thus will help the
company continue with its established growth strategy.
"By successfully completing these corporate actions, we
have taken a big step in the further implementation of the
growth strategy we have chosen. The positive response from
our investors, as reflected in the amount of capital
raised, is further confirmation of their confidence in the
AUTEV business model and the strategy we have established",
commented Tim David, member of AUTEV AG's Management
Board.
The Management Board
distributed by
| This press release was issued by Autev AG and was initially posted at http://www.autev.de/news-reader-224/items/autev-ag-implementation-of-established-growth-strategy-aid ed-by-successful-corporate-actions.html . It was distributed, unedited and unaltered, by noodls on 2012-03-22 09:55:23 AM. The issuer is solely responsible for the accuracy of the information contained therein. |