Conversion of Appropriated Into Free Capital Reserves and Repayment to Shareholders of €2.50/Share
AD-HOC NOTICE ACCORDING TO § 15 WpHG
As of 15th April 2014, the Executive Board and the Supervisory Board of InVision AG (ISIN: DE0005859698) decided to propose to the Shareholders’ Meeting the conversion of some of the company’s appropriated capital reserves into free capital reserves. This is to be implemented by means of a capital increase from the Company’s resources, followed by an ordinary reduction of capital. The free capital reserves are intended to enable the Company to make a repayment of capital to its shareholders. These capital measures as well as the repayment to the Company’s shareholders will be resolved at the Annual Shareholders’ Meeting to be held on 28th May 2014. The convening of the Annual Shareholders’ Meeting and further details are expected to be announced in the German Federal Gazette (Bundesanzeiger) on 17th April 2014.
The planned conversion of the appropriated capital reserves into free capital reserves encompasses EUR 5,587,500.00 of the Company’s total capital reserves of EUR 12,291,269.20 (as of 31st December 2013) and is intended to be used for a repayment of capital to shareholders in the amount of EUR 2.50 per share. For legal reasons, the Company is obliged to perform a capital increase from the Company’s resources followed by an ordinary reduction of capital in order to convert appropriated capital reserves into free capital reserves. The entire amount from the ordinary reduction of capital is to be allocated to the free capital reserves and shall be repaid to the Company’s shareholders in compliance with statutory periods.