Tantalus Rare Earths AG: Tantalus fixes subscription price for capital increase at EUR 8.00
Corporate News
Tantalus fixes subscription price for capital increase at EUR 8.00
Grünwald, Germany, 16 April 2015 - Today, the management board of Tantalus Rare Earths AG fixed, with the approval of the supervisory board, the subscription price for the capital increase against contributions in cash with indirect subscription rights for existing shareholders - within the price range of EUR 7.00 - EUR 13.00 as resolved by the management board and approved by the supervisory board - at EUR 8.00. The subscription ratio is one (1) new share for three (3) existing shares of the company. The new shares carry full dividend rights from 1 January 2015.
On 25 March 2015 the management board resolved, with the approval of the Supervisory Board of the same date, according to § 4 sec. 6 of the articles of association of Tantalus Rare Earths AG to increase the Company's share capital by partial utilisation of the authorised capital in the amount of up to EUR 1,038,045.00 by issuing up to 1,038,045 new registered shares, each representing a pro rata amount of the Company's share capital of EUR 1.00.
The company published the subscription offer to its shareholders in the German Federal Gazette on 2 April 2015. On 14 April 2015, the subscription period has been extended until 23 April 2015 (24:00 h CEST). Until this point in time, the shareholders can exercise their subscription rights.
Shares remaining unsubscribed in the subscription offer will be offered to qualified investors by a private placement in certain jurisdictions outside of the United States of America within the meaning of regulation S under the US Securities Act of 1933, as amended, as well as outside of Australia, Japan and Canada. The issue price per new share must be at least as high as the subscription price per new share in the rights offering.
Note
The prospectus, its supplement no. 1, the subscription offer and the amendment of the subscription offer are available for download on the Company's website:
http://tre-ag.com/investor-relations/rights-issue-2015.aspx?sc_lang=en
About Tantalus Rare Earths AG
Tantalus Rare Earths AG (ISIN DE000A1MMFF4) is a Germany-based exploration company, engaged in the development of rare earths in Madagascar. Tantalus's shares are quoted on the 'Primärmarkt' of the Düsseldorf Stock Exchange.
For further information please visit our website http://www.tre-ag.com or contact:
Thomas Hoyer, CEO, Tantalus Rare Earths AG
Tel.: + 49 1512 4017229
Thomas.hoyer@tre-ag.com
Markus Kivimäki, EVP, Tantalus Rare Earths AG
Tel.: +358 503495687
Markus.kivimaki@tre-ag.com
German media contact:
rikutis consulting
Falk v. Kriegsheim
Tel.: +49 172 9837109
London media contact:
Bell Pottinger
Charles Vivian
Marianna Bowes
Tel.: +44 (0)20 3772 2500