DGAP-Adhoc

International investor intents to entry into ItN Nanovation AG

ItN Nanovation AG / Key word(s): Miscellaneous

02.08.2016 10:58

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Saarbrücken, August 2nd, 2016. The company Shanghai SafBon Investment Co.,
Ltd. ("SafBon") intents an extensive commitment into ItN Nanovation AG
(ISIN DE000A0JL461). After intensive discussions with ItN's management and
supervisory board as well as the major shareholders of ItN Nanovation AG,
SafBon has just announced to acquire shares of around 9.7 million at a
price of 0.10 Euro per share of the present major shareholders, the Stoll
Families and Coreo AG, until Sep 30th, 2016. Corresponding contracts under
the law of obligations between SafBon and the Stoll Families as well as the
Coreo AG have already been signed.

Furthermore, SafBon plans a subscription to a capital increase of 1.50
million shares against cash with ItN's shareholders' subscription rights
excluded at a price of 2.00 Euro per share until November 30th, 2016 at the
latest. After execution of this transaction SafBon would hold shares of
67.7 percent of the voting rights of ItN Nanovation AG. All measures are
still subject to governmental approval.

Moreover, Safbon wants to grant a loan of 0.5 million Euro to ItN
Nanovation AG until August 3rd, 2016 at the latest. A General Agreement was
signed between SafBon and ItN about all above mentioned measures. The
management board explicitely welcomes the mentioned development and the
planned commitment by SafBon

Explanation

SafBon Investment Co., Ltd. is part of Shanghai SafBon Water Service Co.,
Ltd (www.safbon.com), which is listed on the stock exchange Shenzen and
specialized in the field of Cleantech. The company's focus is on the field
of the water treatment and water filtration. The major markets are up to
now Southeast Asia and Middle East. Recently SafBon Water Service Co., Ltd
has completely acquired, as its subsidiary, amongst others the Austrian
company KWI Corporate Verwaltungs GmbH which also operates in the water
market.

ItN Nanovation AG

The Management Board

Contact data:

Untertürkheimer Str. 25
66117 Saarbrücken
Tel.: [phone]
Fax: [phone]
Email: [e-mail]
www.itn-nanovation.com

IR-Kontakt:

edicto GmbH
Herr Axel Mühlhaus
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Tel.: [phone]
Fax: [phone]
Email: [e-mail]


02.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: ItN Nanovation AG
Untertürkheimer Straße 25
66117 Saarbrücken
Germany
Phone: +49 (0) 681 / 50 01 - 460
Fax: +49 (0) 681 / 50 01 - 499
E-mail: [e-mail]
Internet: www.itn-nanovation.com
ISIN: DE000A0JL461
WKN: A0JL46
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate
Exchange

End of Announcement DGAP News-Service

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