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    iQ Power AG  830  0 Kommentare Update to changeover from old to new shares



    Adhoc announcement according to article 15 WpHG

    Zug, Schweiz (pta006/02.02.2015/08:05) - , - End of trading of old shares possible this week. - Beginning of trading of new shares in the week of 16.February.

    iQ Power AG (ISIN: CH0020609688, German Securities Code Number (WKN): A0DQVL / symbol: IQPB, ISIN: CH0199540599 / German Securities Code Number (WKN): A1J7TW / symbol: IQPA), a developer and marketer of technologies for environmentally friendly and technologically innovative starter batteries for motor vehicles and licences in these technologies, announces the likely timing of the changeover in trading from old shares to new shares.

    Following the merger of iQ Power AG into its 100% subsidiary, iQ Power Licensing AG, new shares with a new ISIN and stock abbreviation will be issued for trading on the Berlin Stock Exchange and the old shares in Frankfurt and Berlin will be de-listed. Originally management was advised from the advisory banks that trading in the old shares would continue until one to five days before new shares could be traded.

    Following the official approval of the resolution and formal contact with the exchange and share register, it appears that as early as this week the old shares will be de-listed. Meanwhile the share register will be able to create the new named shares in the week of February 16th. This will mean a pause in trading of around two weeks instead of the previously envisaged pause of one week.

    Management and the advisory banks has taken great efforts to minimize the break in trading to as short a period as possible, however the administrative execution at the stock exchanges is outside of their control. Management does not anticipate any negative consequences due to the somewhat longer trading pause.



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    emitter: iQ Power AG address: Metallstrasse 6, 6304 Zug country: Switzerland contact person: Dr. Eva Reuter phone: +49 251 9801560 e-mail: e.reuter@dr-reuter.eu website: www.iqpower.com

    ISIN(s): CH0020609688 (share) stock exchanges: regulated market in Frankfurt; free market in Munich, free market in Dusseldorf; open market in Berlin

    [ source: http://www.pressetext.com/news/20150202006 ]



    Verfasst von Pressetext (Adhoc)
    iQ Power AG Update to changeover from old to new shares , - End of trading of old shares possible this week. - Beginning of trading of new shares in the week of 16.February.iQ Power AG (ISIN: CH0020609688, German Securities Code Number (WKN): A0DQVL / symbol: IQPB, ISIN: CH0199540599 / German Securities …