Mediaboss Marketing

PRESS RELEASE: S.A.G. Solarstrom AG files for insolvency

DGAP-News: S.A.G. Solarstrom AG / Key word(s): Insolvency S.A.G. Solarstrom AG files for insolvency

13.12.2013 / 10:44

=--------------------------------------------------------------------

S.A.G. Solarstrom AG files for insolvency

- Self-administration of proceedings planned - Refinancing negotiations to bridge liquidity shortfall fail - No interest payment on bond 2010/2015 on December 16, 2013

Freiburg, December 13, 2013. S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008), today filed for insolvency at the District Court of Freiburg i.Br.. Refinancing talks have been held with banks, financial services providers and other creditors as a result of cash inflows that have not been received on time and in view of the operative losses expected since November 29, 2013. In these talks, however, it was not possible to cover at short notice the liquidity shortfalls that have arisen and thus to guarantee payment of liabilities with matching maturity. S.A.G. Solarstrom AG is thus insolvent, although the company is not over-indebted in accounting terms. It is thus also not possible to make the interest payment on the corporate bond (ISIN: DE000A1E84A4, German security identification number: A1E84A), due on December 16, 2013. In the insolvency proceedings, planned under self-administration, the Group will work together with a provisional trustee over the next three months on a restructuring concept in which the creditors are to be closely involved. The goal is a sustainable concept to support the continuation of the Group.

'Within less than four weeks, we were confronted with a situation which was completely unforeseeable for us', says Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG. 'We had firmly scheduled cash inflows from the closing of the sale of German photovoltaic projects, from the closing of an Italian project with 7 photovoltaic systems and from a loan that we had granted to an Italian project company, for November and December. They were delayed for completely different reasons. Altogether, a sum of over EUR20 million is lacking. It has not been possible for us to cover this significant liquidity shortfall, despite all our efforts'.

Insolvencies in the industry delay cash inflows from Germany In the closing of the sale of German projects, S.A.G. Solarstrom AG was already affected by the insolvencies of a module supplier and several service providers during the course of the year. The insolvency of the module supplier led to bank financing for projects being called into question or refused. Alternative insurance solutions accepted by banks were not realizable. With regard to the service providers, alternative solutions also needed to be found and substantial reworking was required. Both delayed the closing of the sale of these systems and thus also the planned cash inflows in the high single-digit million Euro range.

Cash inflow from Italy will now only be received in 2014 During the second half of November, it became apparent that a cash inflow expected in November in the mid-single-digit million Euro range would probably only be received during the course of 2014. This was due to the fact that the sale of an Italian system portfolio could not be closed due to a legal dispute with the network operator. Definitive legal assessments by the external lawyers of the financer in favor of the project company had not called the closing into question.

View post:
PRESS RELEASE: S.A.G. Solarstrom AG files for insolvency

DGAP-News: ADLER Real Estate AG / Key word(s): Capital Reorganisation ADLER Real Estate AG: Already 90% of convertible bonds placed

13.12.2013 / 18:34

=--------------------------------------------------------------------

ADLER Real Estate: Already 90% of convertible bond placed

- Issue of up to 3.0 million convertible bonds

- Subscription offerings for 2.7 million convertible bonds are already existent within the scope of the private placement

- Issue price of EUR 3.75 per note

- Subscription period lasts until 23 December 2013

Hamburg, 13 December 2013. Three days after the beginning of the subscription period it becomes apparent that the convertible bond 2013/2018 of ADLER Real Estate AG, Frankfurt/M., (ISIN DE0005008007) will be placed to a large extent. Within the scope of a private placement, which takes place simultaneously to the rights offer, subscriptions for approx. 2.7 million convertible bonds exist. This is equivalent to 90% of the overall issue of 3,000,000 notes in bearer form. Total volume of the bond amounts to EUR 11.25 million. Issue price of the notes is EUR 3.75 and corresponds to the principal amount and the initial conversion price. The notes shall bear interest at a rate of 6.00% p.a.

Already before the start of the subscription period for a total of 2,000,000 notes in bearer form placement agreements existed with two investors, to whom a corresponding number of subscription rights, conditional to the start of the rights offer, had been transferred by shareholders of the company. Therefore only the remaining 1,000,000 notes in bearer form are offered for subscription as part of the rights offer. For approx. 700,000 of these notes in bearer form further subscription offerings exist, which are however conditionally to the exercise of the subscription right by the entitled parties. The subscription period lasts until 23 December 2013.

See the original post here:
PRESS RELEASE: ADLER Real Estate AG: Already 90% of convertible bonds placed

NANOGATE AG / Key word(s): Capital Increase

13.12.2013 13:06

Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement.

=--------------------------------------------------------------------------

Cash inflow of around EUR 9,4 million increases capital base - Capital increase significantly oversubscribed

Nanogate AG (ISIN DE000A0JKHC9), the leading international integrated systems provider for high-performance surfaces, is improving its financial position and strengthening its investor base. With the approval of the Management Board and the Supervisory Board, a cash capital increase was placed using authorised capital. Subscription rights were excluded. The gross proceeds of issue came to some EUR 9,4 million. The capital increase was significantly oversubscribed.

As planned, 268,448 new shares were placed with selected and qualified investors in Germany and abroad as part of the transaction. Major existing investors and the management also took part in the capital increase. The placement increased the company's share capital to EUR 2,967,195,00. The issue price for the new shares was EUR 35 per share and was therefore close to the current stock market price. Nanogate intends to use the proceeds to finance the current strong growth and the planned expansions in expertise. The capital increase was accompanied by M.M. Warburg & CO KGaA.

=--------------------------------------------------------------------------

Information and Explaination of the Issuer to this News:

Nanogate is a leading international integrated systems provider for high-performance surfaces. The Group, which is based in Gttelborn (Saarland), enables the programming and integration of additional properties - such as non-stick, scratchproof and anti-corrosive - into materials and surfaces. True to its slogan 'A world of new surfaces', Nanogate opens up the diverse possibilities of multifunctional surfaces based on new materials for companies in a wide range of industries.

More:
PRESS RELEASE: NANOGATE AG successfully places capital increase

CANBERRA, Dec. 13 -- The Australian National University Dictionary Centre (ANDC), based in Canberra, confirmed in a statement on Friday that they have selected "bitcoin" as the 2013 Word of the Year.

The 2013 Word of the Year and shortlist are selected by the research and editorial staff of the ANDC in the ANU College of Arts and Social Sciences, who undertake research into Australian English and edit Australian dictionaries for Oxford University Press.

According to the ANDC, each year the ANDC selects a Word of the Year. The Word of the Year is chosen for its relevance and prominence in Australian culture and society, but it does not have to be coined or used exclusively in Australia.

The Word of the Year does not have to be a word that was coined in this current year. Most new words often take some time to enter the public consciousness.

For example, the Centre's Word of the Year for 2012 was green- on-blue: "an attack made on one's own side by a force regarded as neutral". Evidence for this term can be found before 2012, but the word gained prominence in the media during 2012 due to Australia's ongoing military involvement in Afghanistan.

Bitcoin is a type of digital crypto-currency in which transactions can be performed without the need for a central bank.

"We selected bitcoin as our Word of the Year because it has featured heavily in the media in 2013, as this form of currency rises in significance and popularity," Centre Director Dr. Amanda Laugesen said.

According to Amanda Laugesen, the word was first used in 2008 in a paper by the founder of bitcoin, who goes by the pseudonym Satoshi Nakamoto, but people have only recently seen this term enter the public vocabulary.

Amanda Laugesen said the other words that were shortlisted have also found a place in the Australian and international social and cultural landscape, some for controversial reasons.

"This year we learnt that to 'twerk' is to dance in a sexually provocative manner involving thrusting hip movements and a low, squatting stance. We saw the term popularized by Miley Cyrus and the American VMA Awards, and, in Australia, by Clive Palmer during the election campaign," Laugesen explained.

Original post:
Australia selects "Bitcoin" as the 2013 Word of the Year-Eastday

Keyword Research Example | Local Business Internet Marketing University
university.tutelarymarketing.com Want to learn how to do keyword research for Local SEO? Follow along with Josh as he actually does keyword research for one ...

By: Local Business Internet Marketing University

See more here:
Keyword Research Example | Local Business Internet Marketing University - Video