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SYGNIS AG: SYGNIS AG receives binding commitment for the purchase of shares for up to EUR 3.5 million within the scope of the ongoing capital increases to finance the acquisition of Innova Biosciences Ltd.

DGAP-News: SYGNIS AG / Key word(s): Agreement SYGNIS AG: SYGNIS AG receives binding commitment for the purchase of shares for up to EUR 3.5 million within the scope of the ongoing capital increases to finance the acquisition of Innova Biosciences Ltd. (news with additional features) 25.05.2017 / 08:30 The issuer is solely responsible for the content of this announcement.   Press Release NOT FOR DISTRIBUTION, PUBLICATION, OR TRANSMISSION IN THE USA, CANADA, JAPAN AND AUSTRALIA SYGNIS AG receives binding commitment for the purchase of shares for up to EUR 3.5 million within the scope of the ongoing capital increases to finance the acquisition of Innova Biosciences Ltd.

Madrid, Spain, and Heidelberg, Germany, 25 May, 2017 - SYGNIS AG (Frankfurt: LIO1; ISIN: DE000A1RFM03; Prime Standard) today received a binding commitment for the purchase of shares up to a total of EUR 3.5 million as part of the previously announced cash capital increases to finance the acquisition of Innova Biosciences Ltd. Under the terms of the agreement signed today, the investor has committed to purchase up to 2,536,000 new shares at a price of EUR 1.38 per new share. The obligation is subject to the condition that the DAX closing price on the settlement day is not more than 10% lower than the DAX closing price as of today.


"We are delighted by the positive feedback on the planned acquisition of Innova Biosciences Ltd. and the great support we experience from investors for this important strategic transaction," Pilar de la Huerta, Co-CEO and CBDO of SYGNIS, said.

For further information on this transaction please also visit http://capital.sygnis.com.

For further information, please contact:

SYGNIS AG

Dr. Heikki Lanckriet

Co-CEO/CSO

Phone : [phone]

Email: [e-mail]

Pilar de la Huerta

Co-CEO/CBDO

Phone: [phone]

Email: [e-mail]