Scutum Capital AG: Capital increase to fund the further development of the company after positive test results of material
DGAP-News: Scutum Capital AG / Key word(s): Capital Increase
Scutum Capital AG: Capital increase to fund the further development of
the company after positive test results of material
24.04.2012 / 23:16
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Corporate News April 24, 2012
Scutum Capital AG:
- Capital increase to fund the further development of the company after
positive test results of material
Scutum Capital AG, Munich: The company has decided to conduct a capital
increase without subscription rights to regular shareholders. 17.000 new
shares, representing 5,48% of the existing capital, will be offered at a
share price of EUR 65. With a 2,2% discount, the share price offered is not
substantially lower than the average of the closing prices of the last five
trading days prior to the decision of the management board. The total
expected proceeds from the capital increase amount to EUR 1.105.000 and
will mainly be allocated for the financing of the further development of
the technology and to cover the working capital requirements.
Yesterday the company published the gratifying results of the analysis of
the samples of the recycled products Carbon Black, Oil and Gas which were
analysed by independent external laboratories and institutes. The purpose
of the tests was, on one hand, to determine if the chemical composition of
the single output-fractions met the results achieved by the pilot reactor
and, on the other hand, to conduct the first rubber technological
examinations. As a result, all of the recycled products met at least the
quality of the successful test results of the materials achieved by the
Pyrolyx-pilot-reactor in 2010, in some areas the results are even better.
Scutum Capital AG owns all intellectual property related to the Pyrolyx
environmental technology, especially one patent application and specific
process know-how. This unique, innovative process in the field of
environmental technology is aimed at commercially recycling valuable raw
materials such as Carbon Black, oil and gas from common rubber resins that
are produced from old car tires. Under the domain www.pyrolyx.com detailed
information on the Pyrolyx environmental technology and on the spectrum of
Pyrolyx-services is available.
Munich, April 24, 2012
Niels Raeder Fikret Dülger
Board Members of Scutum Capital AG
End of Corporate News
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24.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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: Scutum Capital AG
Nymphenburger Str. 70
80335 München
Germany
Phone: +49 (0)89 856 335 58
Fax: +49 (0)89 856 335 55
E-mail: info@scutum-capital.de
Internet: www.scutum-capital.de
ISIN: DE000A0MFXR8
WKN: A0MFXR
Listed: Open Market in Frankfurt
End of News DGAP News-Service
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166455 24.04.2012
DGAP-News: Scutum Capital AG / Key word(s): Capital Increase
Scutum Capital AG: Capital increase to fund the further development of
the company after positive test results of material
24.04.2012 / 23:16
---------------------------------------------------------------------
Corporate News April 24, 2012
Scutum Capital AG:
- Capital increase to fund the further development of the company after
positive test results of material
Scutum Capital AG, Munich: The company has decided to conduct a capital
increase without subscription rights to regular shareholders. 17.000 new
shares, representing 5,48% of the existing capital, will be offered at a
share price of EUR 65. With a 2,2% discount, the share price offered is not
substantially lower than the average of the closing prices of the last five
trading days prior to the decision of the management board. The total
expected proceeds from the capital increase amount to EUR 1.105.000 and
will mainly be allocated for the financing of the further development of
the technology and to cover the working capital requirements.
Yesterday the company published the gratifying results of the analysis of
the samples of the recycled products Carbon Black, Oil and Gas which were
analysed by independent external laboratories and institutes. The purpose
of the tests was, on one hand, to determine if the chemical composition of
the single output-fractions met the results achieved by the pilot reactor
and, on the other hand, to conduct the first rubber technological
examinations. As a result, all of the recycled products met at least the
quality of the successful test results of the materials achieved by the
Pyrolyx-pilot-reactor in 2010, in some areas the results are even better.
Scutum Capital AG owns all intellectual property related to the Pyrolyx
environmental technology, especially one patent application and specific
process know-how. This unique, innovative process in the field of
environmental technology is aimed at commercially recycling valuable raw
materials such as Carbon Black, oil and gas from common rubber resins that
are produced from old car tires. Under the domain www.pyrolyx.com detailed
information on the Pyrolyx environmental technology and on the spectrum of
Pyrolyx-services is available.
Munich, April 24, 2012
Niels Raeder Fikret Dülger
Board Members of Scutum Capital AG
End of Corporate News
---------------------------------------------------------------------
24.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Scutum Capital AG
Nymphenburger Str. 70
80335 München
Germany
Phone: +49 (0)89 856 335 58
Fax: +49 (0)89 856 335 55
E-mail: info@scutum-capital.de
Internet: www.scutum-capital.de
ISIN: DE000A0MFXR8
WKN: A0MFXR
Listed: Open Market in Frankfurt
End of News DGAP News-Service
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166455 24.04.2012