Silicon Sensor International AG has successfully completed a capital increase involving a total of up to 520,420 individual share certificates, issue price €4.80, with participating rights from Jan. 1, 2009. To avoid costly obligations to issue a prospectus, the increase was limited to 514,116 certificates. Both the Board of Directors and Supervisory Council see the high subscription rate among existing shareholders as a major token of confidence in the future development of Silicon Sensor International AG. Certificates not taken by old shareholders and offered to interested institutional investors for private placement at the issue price were fully taken up and oversubscribed one and a half times.
The revenue from this increase, which amounts to just under €2.5m, will go into strategic reorientation to make the company Europe’s leading sensor manufacturer, strengthen its market position and prepare for future growth. Essential factors here are to expand distribution at a high technical level, add to the product range and make business more international. Difficult times, in particular, require that the Silicon Sensor group be seen as a reliable partner by its customers. That this image is gaining ground in the market is suggested by the big increase in inquiries from potential new clients that have been received in the last few weeks. Such confidence is a vital basis for business since customers very often choose SSI as a single source supplier. In addition, favorable openings for acquisition could well arise in late 2009.
For more information visit our website at: http://www.silicon-sensor.com or call +49 30 20945710
Silicon Sensor International AG
The Board of Directors
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