FLUXX AG announces further details of capital increase – ISA-GUIDE.de

FLUXX AG announces further details of capital increase

The SDAX-listed company FLUXX AG (ISIN DE0005763502), of Altenholz, today publishes the rights offer for the capital increase for cash from the company’s approved capital.

On May 30, 2005 the Management Board of FLUXX AG had resolved to increase the capital stock of EUR 11,235,039 for contributions in cash by up to EUR 3,210,010, to up to EUR 14,445,049, through the issue of up to 3,210,010 new bearer individual share certificates each representing a mathematical share of the capital stock of EUR 1.00, a move ratified by the Supervisory Board on June 7, 2005. The new individual share certificates will carry full dividend rights for the 2005 financial year.

On the basis of the subscription ratio of 7:2, two new individual share certificates can be purchased for every seven shares already held. The subscription price will be determined probably on June 22, 2005 on the basis of the average XETRA closing prices of FLUXX AG shares on the Frankfurt Stock Exchange from the start of the subscription period until June 21, 2005, less a discount that is to lie within a range of at least 15 and no more than 32.5 . Depending on the capital market environment, the subscription price may also be outside this range. The subscription price will be announced on June 24, 2005.

The subscription rights for the new shares will be automatically booked to the depositary banks based on the position on the evening of June 13, 2005 and will carry the separate ISIN DE000A0EKMB2. Between June 14 and 23, 2005, the subscription rights can be traded on the regulated market at the Frankfurt Stock Exchange.

The company intends to use the proceeds from the capital increase among other things to step up over-the-counter sales of lottery products and expand its activities in the area of sports betting. Initial findings from the pilot scheme for sales of lottery products at retailers indicate that FLUXX could tap into considerable market potential if the system is rolled out on a large scale. The market for sports betting in Germany is predicted to enjoy rapid growth in the future.

The rights offer will be published today in Financial Times Deutschland and can be downloaded from the homepage of FLUXX AG on www.fluxx.com.

Further information from:
FLUXX AG
Investor Relations & Corporate Communications
Stefan Zenker
Tel.: (040) 85 37 88 47
email: stefan.zenker@fluxx.com