iQ Power AG / Key word(s): Miscellaneous
05.10.2010 13:02
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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iQ Power AG: First Tranche of Convertible Bonds Successfully Placed
- Successful placement of 4,300 convertible bonds of EUR 500 each
- Convertible bond heavily oversubscribed
- Second tranche subscription period begins on 3 January 2011
Zug/Switzerland, 5 October 2010 - iQ Power AG (ISIN: CH0020609688, WKN:
A0DQVL, Symbol: IQPB), the developer and marketer of eco-friendly and
technologically advanced starter batteries for motor vehicles, has
announced the successful placement of the first tranche of its convertible
bond issue. The majority of the issue was subscribed through the exercise
of advance subscription rights by shareholders authorized such rights. A
very significant excess demand arose due to additional subscriptions on the
part of private investors.
It was on the basis of the emissions prospectus dated 15 September 2010 and
prepared in accordance with Articles 625a and 1156 of the Swiss Code of
Obligations (OR) that iQ Power AG publicly offered for early subscription
the first tranche of its convertible bond issue that was announced on 13
August. The entire first tranche of a total of 4,300 convertible bonds in
denominations of EUR 500 each were successfully placed upon the conclusion
of the subscription period that extended from 20 September to 4 October
2010 and the private placement that was made simultaneously. As a result,
the company will receive gross cash proceeds of EUR 2.15 million.
All bondholders, who were issued convertible bonds as part of the first
tranche of this convertible bond issue, are authorized to participate in
the same amount in the convertible bond issue's second tranche. The
requirement for this is that they convert all of their issued bonds into
new registered shares of the company by not later than 15 December 2010.
The subscription period for the second tranche of the convertible bond
issue begins on 3 January 2011 and ends on 17 January 2011. The related
forms for converting the bonds to registered shares in the company, and for
subscribing bonds in the convertible bond issue's second tranche, will be
made available promptly on the iQ Power AG website www.iqpower.com.
The issue prospectus dated 15 September 2010 containing more detailed
information is available for downloading in the Investor Relations section
of the iQ Power AG website www.iqpower.com.
The Board of Directors
About iQ POWER
iQ Power AG is a developer and supplier of innovative starter batteries for
motor vehicles. The products are technologically advanced, deliver greater
efficiency, and are environmentally sound and lighter in weight. The
company's many achievements include the development of the world's first
software-controlled smart car battery. Industrial batteries and system
solutions for electrical energy management in vehicles help round out its
operational portfolio.
The company's operational element is iQ Power GmbH in Chemnitz (Germany),
which is a wholly owned subsidiary of iQ Power AG. Headquartered in Zug
(Switzerland), iQ Power AG is a publicly listed stock corporation whose
shares are traded on the regulated market (General Standard segment) of the
Frankfurt Stock Exchange, over the counter on the securities exchanges in
Berlin, Düsseldorf, Munich and Stuttgart, as well as on Xetra (ISIN:
CH0020609688, WKN: A0DQVL, IQPB).
Company Contact:
iQ Power AG
Metallstrasse 9
6304 Zug
Schweiz
Tel.: +41(0) 41 768 03 63
Fax: +41(0) 41 768 03 68
info@iqpower.com
www.iqpower.com
Investor Relations Contact:
GFEI Aktiengesellschaft
Hamburger Allee 26-28
D-60486 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
05.10.2010 13:02 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: iQ Power AG
Metallstrasse 9
6304 Zug
Schweiz
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; Freiverkehr in München,
Düsseldorf, Berlin, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: First Tranche of Convertible Bonds Successfully Placed
| Source: EQS Group AG