DGAP-News: Heliocentris Fuel Cells AG: Heliocentris completes equity issue and raises gross proceeds of EUR 4.35 million
11.12.2007
Heliocentris Fuel Cells AG / Capital Increase
11.12.2007
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Berlin - 11 December 2007. Heliocentris Fuel Cells AG, a leading fuel cell
system integrator, has successfully completed its subscription rights issue
and a subsequent private placement and has sold all the 750,000 shares
offered at EUR 5.80 per share. The offering met a high level of demand and
in addition to existing shareholders, shares were placed with selected
institutional investors in continental Europe and in the UK.
The company raised gross proceeds of EUR 4.35 million. Its share capital
will increase from EUR 1.5 million to EUR 2.250 million divided up into
2.250 million shares at a par value of EUR 1 per share.
The London investment house Innovator Capital Limited, which specialises in
clean technologies, structured and managed the transaction.
According to Dr. Colell, CEO of Heliocentris Fuel Cells AG, 'We are
delighted about the level of interest and trust placed in Heliocentris by
our existing and new investors who took part in this capital increase. This
fresh capital will enable us to increase our international sales and
marketing activities and to push ahead with and expand the scope of ongoing
work in the development of high-performance fuel cell systems and hydrogen
system solutions. Our enhanced financial strength will help us to further
consolidate our position as a leading fuel cell system integrator.'
About Heliocentris Fuel Cells:
Heliocentris is a leading supplier and system integrator of fuel cells. As
a pioneer of the fuel cell industry Heliocentris has many years of
experience in the development, production and sales of fuel cell systems
and applications. Within the training and R&D systems for fuel cells,
Heliocentris is one of the world's market leaders with more than 10,000
training facilities and companies in more than 50 countries as customers.
These customers are offered more than 50 different products from eight
product lines. The range of products and services offered varies from
demonstration units for teaching and study to integrated laboratory systems
for R&D as well as client specific, industrial applications. In addition to
the Company's head office in Berlin, Heliocentris has one subsidiary on the
North American market in Vancouver, Canada. Further information can be
found at: www.heliocentris.com
For further information please contact:
Heliocentris Fuel Cells AG
Dr. András Gosztonyi (CFO)
Tel: +49-(0)30-6392-6185
Email: a.gosztonyi@heliocentris.com
Disclaimer:
This press release contains forward-looking statements that are based on
current assumptions and forecasts of the management of Heliocentris Fuel
Cells AG. Known and unknown risks, uncertainties and other factors could
lead to material differences between the forward-looking statements given
here and the actual development, in particular the results, financial
situation and performance of our Company. The Company assumes no liability
to update these forward-looking statements or to conform them to future
events or developments.
The information in this press release does not constitute an offer of
securities for sale or a solicitation of an offer to purchase securities in
the United States or any other country.
11.12.2007 Financial News transmitted by DGAP
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Language: English
Issuer: Heliocentris Fuel Cells AG
Rudower Chaussee 29
12489 Berlin
Deutschland
Phone: +49-(0)30 63 92 63 25
Fax: +49-(0)30 63 92 63 29
E-mail: info@heliocentris.com
Internet: www.heliocentris.com
ISIN: DE000A0HMWH7
WKN: A0HMWH
Listed: Freiverkehr in Berlin, Stuttgart; Entry Standard in Frankfurt
End of News DGAP News-Service
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Heliocentris Fuel Cells AG / Capital Increase
11.12.2007
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
=--------------------------------------------------------------------------
Berlin - 11 December 2007. Heliocentris Fuel Cells AG, a leading fuel cell
system integrator, has successfully completed its subscription rights issue
and a subsequent private placement and has sold all the 750,000 shares
offered at EUR 5.80 per share. The offering met a high level of demand and
in addition to existing shareholders, shares were placed with selected
institutional investors in continental Europe and in the UK.
The company raised gross proceeds of EUR 4.35 million. Its share capital
will increase from EUR 1.5 million to EUR 2.250 million divided up into
2.250 million shares at a par value of EUR 1 per share.
The London investment house Innovator Capital Limited, which specialises in
clean technologies, structured and managed the transaction.
According to Dr. Colell, CEO of Heliocentris Fuel Cells AG, 'We are
delighted about the level of interest and trust placed in Heliocentris by
our existing and new investors who took part in this capital increase. This
fresh capital will enable us to increase our international sales and
marketing activities and to push ahead with and expand the scope of ongoing
work in the development of high-performance fuel cell systems and hydrogen
system solutions. Our enhanced financial strength will help us to further
consolidate our position as a leading fuel cell system integrator.'
About Heliocentris Fuel Cells:
Heliocentris is a leading supplier and system integrator of fuel cells. As
a pioneer of the fuel cell industry Heliocentris has many years of
experience in the development, production and sales of fuel cell systems
and applications. Within the training and R&D systems for fuel cells,
Heliocentris is one of the world's market leaders with more than 10,000
training facilities and companies in more than 50 countries as customers.
These customers are offered more than 50 different products from eight
product lines. The range of products and services offered varies from
demonstration units for teaching and study to integrated laboratory systems
for R&D as well as client specific, industrial applications. In addition to
the Company's head office in Berlin, Heliocentris has one subsidiary on the
North American market in Vancouver, Canada. Further information can be
found at: www.heliocentris.com
For further information please contact:
Heliocentris Fuel Cells AG
Dr. András Gosztonyi (CFO)
Tel: +49-(0)30-6392-6185
Email: a.gosztonyi@heliocentris.com
Disclaimer:
This press release contains forward-looking statements that are based on
current assumptions and forecasts of the management of Heliocentris Fuel
Cells AG. Known and unknown risks, uncertainties and other factors could
lead to material differences between the forward-looking statements given
here and the actual development, in particular the results, financial
situation and performance of our Company. The Company assumes no liability
to update these forward-looking statements or to conform them to future
events or developments.
The information in this press release does not constitute an offer of
securities for sale or a solicitation of an offer to purchase securities in
the United States or any other country.
11.12.2007 Financial News transmitted by DGAP
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Language: English
Issuer: Heliocentris Fuel Cells AG
Rudower Chaussee 29
12489 Berlin
Deutschland
Phone: +49-(0)30 63 92 63 25
Fax: +49-(0)30 63 92 63 29
E-mail: info@heliocentris.com
Internet: www.heliocentris.com
ISIN: DE000A0HMWH7
WKN: A0HMWH
Listed: Freiverkehr in Berlin, Stuttgart; Entry Standard in Frankfurt
End of News DGAP News-Service
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