Capital increase against cash and noncash contributions by granting preemptive rights of up to a total of 33.5 million proposed for resolution by the General Shareholders` Meeting Debt reduction and balance sheet restructuring planned Berlin, Germany, December 19, 2012 - MagForce AG (Frankfurt, Xetra: MF6), a leading medical device company in the field of nanomedicine with a focus on oncology, today announced that the Company, with the approval of the Supervisory Board, has resolved a restructuring plan to safeguard MagForce`s long-term existence. Under the plan, the Company`s share capital is to be increased by up to 18.6 million by granting preemptive rights to shareholders against cash and noncash contributions. The new shares will have a notional value of 1.00 and will be issued for 1.80. As part of the capital increase, some of the company`s creditors are also to be granted the right to subscribe for new shares at an issue price of 1.80 per share against noncash contributions to the extent that shareholders` preemptive rights are disapplied for shares counting as fractions or that preemptive rights have not been exercised following the expiration of the subscription period for all shareholders, but only up to a maximum of 8,933,643 new … Continue reading
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