23.12.2015
Nanostart AG DE000A0B9VV6
DGAP-News: Nanostart AG: Capital increase and realignment
Nanostart AG / Key word(s): Capital Increase
23.12.2015 09:30
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Nanostart AG: Capital increase and realignment
- New alignment decided in the real estate sector
- Capital in the form of 49% of the company's shares to Renaissance Real
Estate Frankfurt GmbH
- Equity is increased to 9.36 million euros
- Depreciation in the old portfolio
- Extension of Neef's Board appointment
Frankfurt am Main - 23 December 2015 - The Board of Directors and the
Supervisory Board of the company has decided to focus Nanostart AG on
future investments in the German real estate market.
In the first step, it will use the existing capital as per § 4 Para. 4 of
the statutes for a capital increase excluding the old shareholders'
subscription rights. In the context of this capital increase, 3,120,000 new
holder name shares will be issued at an issue price of 1.43 euros per share
including all associated rights against a capital investment of 49% of the
shares to Renaissance Real Estate Frankfurt GmbH with its headquarters in
Frankfurt am Main in equal parts through Apeiron Investment Group Ltd, with
its headquarters in St Julians, Malta, and Minai-Azari & Dr Lipinski Asset
Management Holding GmbH with its headquarters in Frankfurt am Main. Thus
the corporate equity will increase from 6,240,000.00 euros by 3,120,000.00
euros to 9,360,000.00 euros.
Renaissance Real Estate Frankfurt GmbH has a promising portfolio with the
best positions in the residential areas of the cities of Frankfurt am Main,
Offenbach and Mainz. The entry of the capital increase is still with
reservation for a confirmation of the value of the capital investment by an
audit of recoverability by the Frankfurt am Main District Court, with its
decision on 17 December 2015 to appoint an auditor, AIOS GmbH Auditing and
Tax Advising Company, Berlin, which is forecast to be done at the start of
the new year.
In order to bolster the new strategy, the company will issue invitations
soon to an Extraordinary Shareholder's Meeting in which, among other
things, a new name will be decided for the company.
The Supervisory Board has also decided to accept the Board of Director's
extension of the contract for Mr Norbert Neef, who was brought in as
interim manager of the company, to 30 June 2016. By then, the company will
have paved the way to completing its refocusing efforts and will have made
according appointments to the Board of Directors and Supervisory Board.
There are expected further significant needs for impairment in the old
portfolio of about 2.5 million euros to the end of 2015. Thus the balance
sheet will be free for a new beginning of the company without old
liabilities.
About Nanostart
Nanostart AG is an investment company and had the focus on nanotechnology
until the end of 2015. The company will move successively towards the real
estate market.
Disclaimer
This notice constitutes neither an offer to sell nor a solicitation of
offers to purchase or subscribe to securities. There will be no public
offering of securities of Nanostart AG in conjunction with the existing
listing of its shares in the "Entry Standard" segment of the regulated
unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This
notice does not constitute a securities prospectus. Neither this notice nor
the information contained within is intended for direct or indirect
distribution within Canada, Australia, or Japan.
Press contact:
Phone: +49 (0)69 219396 0
Telefax: +49 (0)69 219396 150
E-mail: [email protected]
23.12.2015 The DGAP 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: Nanostart AG
Roßmarkt 14
60311 Frankfurt am Main
Germany
Phone: +49 69 2193 96-0
Fax:
E-mail: [email protected]
Internet: www.nanostart.de
ISIN: DE000A0B9VV6
WKN: A0B9VV
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of Announcement DGAP News-Service
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