Gelsenkirchen, 02. Dezember 2010. As set forth by a resolution adopted in its Annual General Meeting on 17 August 2010 for a capital increase with subscription rights for up to 4,365,874 new shares, Masterflex AG issued a total of 4,365.874 new shares at the subscription price of EUR 3.00 per share, of which 2,006,831 shares were issued as a result of existing shareholders exercising subscription rights. Remaining shares that were not subscribed to on the basis of the subscription offer were allocated to a limited number of institutional investors and shareholders who have committed to purchasing at the subscription price in a private placement. The transaction was managed by equinet Bank AG.
The next steps to be undertaken for this capital increase are now being initiated. Following the entry in the commercial register, which is still outstanding and is necessary for the capital increase to become effective, the Company's share capital will increase from EUR 4,500,000.00 to EUR 8,865,874.00 (divided into the respective amount of ordinary bearer shares, each with a notional interest in the share capital of EUR 1.00). Masterflex will generate a gross cash inflow of around EUR 13.1 million as a result of the capital increase. These funds will be used for the repayment of liabilities, as working capital and for selected investments in the increased expansion of its core business.