- Number of shares issued decreases from 39.5 million to 9.9 million by consolidation of the shares at a ratio of 4:1
- Conversion of shares to take place on September 3, 2013
Martinsried/Munich, 21 August 2013. Medigene AG (MDG, Frankfurt, Prime Standard) announces that the 4:1 share capital reduction approved at the annual general meeting on 16 July 2013 will be executed as planned following its recent entry into the Commercial Register. Using a consolidation ratio of 4:1 the number of shares issued decreases from 39,488,556 to 9,872,139. The conversion of the shares in the share deposit accounts will take place automatically with a value date of 3 September 2013. This measure has no impact on the individual shareholders' percentage share in Medigene AG. Starting 3 September 2013, the converted Medigene shares will be traded with the new security identification number WKN A1X 3W0 (ISIN: DE000A1X3W00).
By consolidation of the shares, Medigene's share capital is reduced by EUR 29,616,417.00 to EUR 9,872,139.00 for 9,872,139 shares outstanding. The difference of EUR 29,616,417.00 will be transferred from subscribed capital to capital reserves on the liabilities and shareholders' equity side, leaving the sum of shareholders' equity and the balance sheet of Medigene AG unchanged.
For those shareholders whose share participation cannot be divided by 4 at closing on the reference date 2 September 2013, individual shareholders will be offered the opportunity to buy or sell 0.25 to 0.75 portions of Medigene shares to achieve a whole share. Shareholders will receive a letter to this effect from their depository bank after 3 September, 2013. If a shareholder does not give any instruction to the depository bank for this adjustment the fractional portion of shares will be sold and the proceeds will be credited to the shareholder's account.
Medigene AG (Frankfurt: MDG, Prime Standard) is a publicly listed biotech company headquartered in Martinsried/Munich, Germany. Medigene focuses on clinical research and development of novel drugs against cancer and autoimmune diseases. Medigene is the first German biotech company to generate revenues from a marketed product (Veregen®), which is distributed by partner companies. Medigene also has two drug candidates undergoing clinical trials, EndoTAG®-1 und RhuDex®, and is developing an innovative vaccine technology. For further details, please visit www.medigene.com
This press release contains forward-looking statements representing the opinion of Medigene as of the date of this release. The actual results achieved by Medigene may differ significantly from the forward-looking statements made herein. Medigene is not bound to update any of these forward-looking statements. Medigene® is a registered trademarks of Medigene AG. This trademark may be owned or licensed in select locations only.
Julia Hofmann, Claudia Burmester
Investor & Public Relations
Tel.: +49 - 89 - 20 00 33 - 33 01
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