euro adhoc: IVU Traffic Technologies AG
Restructuring & Recapitalisations /
IVUs Equity Increases by EUR3.4 Million
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
14.07.2005
IVU Traffic Technologies AG
Ad hoc Release Berlin, July 14, 2005 IVUs Equity Increases by EUR3.4 Million
üstra Signs Capital Increase IVU Restructures Loans
IVU Traffic Technologies AG increases equity capital and reorganizes bank loans. The equity increase is realized with üstra AG, Hanover, purchasing 1.5 million newly created shares at a price of EUR1 per share with rights issue excluded. üstras IVU share now amounts to 11%.
DZ Bank accepts a EUR1.9 million debt write-off. In return the debt at DZ Bank is fully amortised. Deutsche Bank and Deutsche Kreditbank award a new loan package totalling EUR3.835 million.
The measures rise IVUs equity by EUR3.4 million - directly by EUR1.5 million, and indirectly by EUR1.9 million extraordinary earnings as a result of the write-off. The risk that the companys equity would be fully lost in the third quarter of 2005 is thereby averted.
IVUs debt relief of EUR3.4 million leads to lower payments of interest and an increase in liquidity by EUR200,000 per year. IVUs creditworthiness improves significantly - a positive signal to all IVUs customers.
Contact: Thomas Vogt Head of Corporate Communications IVU Traffic Technologies AG Bundesallee 88, 12161 Berlin Telefon +49.30.85906-800 Telefax +49.30.85906-111 E-Mail: thomas.vogt@ivu.de Internet: www.ivu.de
end of announcement euro adhoc 14.07.2005 21:56:47
Further inquiry note:
Thomas Vogt
Tel.: +49 (0)30 859 06 800
E-Mail: tv@ivu.de
Branche: Computing & Information Technology
ISIN: DE0007448508
WKN: 744850
Börsen: Frankfurter Wertpapierbörse
Berliner Wertpapierbörse
Baden-Württembergische Wertpapierbörse
Börse Düsseldorf
Niedersächsische Börse zu Hannover
Bayerische Börse
Bremer Wertpapierbörse (BWB)
Original-Content von: IVU Traffic Technologies AG, übermittelt durch news aktuell