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| News archive (11-20) |
May 20 2010
Amendments to the Articles of Association
The Articles of Association of the company have been amended due to completion of issue.
Download Articles of Association in PDF
May 19 2010
Topsil Semiconductor Materials A/S has completed fully subscribed offering of shares with preemptive rights, resulting in gross proceeds of DKK 93.5m
Topsil Semiconductor Materials A/S (”Topsil” or ”The Company”) announces that the company’s offering of 103,890,151 new shares at a price of DKK 0.90 per share with preemptive rights for existing shareholders, has been successfully subscribed. As is customary in share issues, a minor number of the offered shares (0.52%) were not subscribed, and hence they were subscribed by institutional investors and Topsil’s principal bank.
The offering amounts to gross proceeds of DKK 93.5m. After deduction of costs related to the offering, net proceeds amount to approximately DKK 87.0m at Topsil’s disposal. The proceeds, as well as the expected cashflows from operations, will be used for implementing an offensive growth strategy and expand production capacity.
"We are pleased with the progress of the offering which was practically fully subscribed. The outcome shows us that the market has confidence in Topsil and the growth plans behind our offering. Our next concrete step is the planning of our new production facilities and investments in new production equipment, which will make it possible to meet the expected growth development for the coming years" says Chairman of Topsil, Mr. Jens Borelli-Kjær.
The new shares will have the same rights as Topsil’s existing shares and carry the right of dividend as of the financial year 2010. The capital increase is expected to be registered at The Danish Commerce and Companies Agency (DCCA) 20 May 2010. After registration of the 103,890,151 new shares with a nominal value of DKK 0.25, the aggregated nominal share capital of Topsil amounts to DKK 129,862,689 corresponding to 519,450,755 shares with a nominal value of DKK 0.25.
The new shares are expected to be officially listed for trade at NASDAQ OMX Copenhagen as of Friday 21 May 2010 under the same code as the existing shares (DK0010271584).
Please note that this announcement is not intended for investors domiciled in the US, Canada, Australia or Japan.
This translation is provided for convenience only. The Danish version shall prevail in case of discrepancies.
May 12 2010
Report on insiders' transactions
Pursuant to section 28a of the Danish Securities Trading Act we can report the following transactions based on today’s reports from insiders:
| Name: |
Jens Borelli-Kjær & related parties |
| Reason: |
Chairman |
| Issuer: |
Topsil Semiconductor Materials A/S |
| ID-code: |
DK 0060221034 |
| Type: |
New shares |
| Transaction: |
Purchase (exercise of preemptive rights) |
| Market: |
NASDAQ OMX Copenhagen |
| Trading date: |
12 May 2010 |
| Number: |
217,500 |
| Market value DKK: |
195,750 |
| Name: |
Trine Schønnemann |
| Reason: |
Representative elected by the employees |
| Issuer: |
Topsil Semiconductor Materials A/S |
| ID-code: |
DK 0060221034 |
| Type: |
New shares |
| Transaction: |
Purchase (exercise of preemptive rights) |
| Market: |
NASDAQ OMX Copenhagen |
| Trading date: |
12 May 2010 |
| Number: |
20,500 |
| Market value DKK: |
18,450 |
| Name: |
Martin Overgaard Hansen |
| Reason: |
CEO, Cemat Silicon S.A. |
| Issuer: |
Topsil Semiconductor Materials A/S |
| ID-code: |
DK 0060221034 |
| Type: |
New shares |
| Transaction: |
Purchase (exercise of preemptive rights) |
| Market: |
NASDAQ OMX Copenhagen |
| Trading date: |
12 May 2010 |
| Number: |
88,251 |
| Market value DKK: |
79,425.90 |
| Name: |
Eivind Dam Jensen (related parties) |
| Reason: |
Vice-chairman of the Board of Directors |
| Issuer: |
Topsil Semiconductor Materials A/S |
| ID-code: |
DK 0060221034 |
| Type: |
New shares |
| Transaction: |
Purchase (exercise of preemptive rights) |
| Market: |
NASDAQ OMX Copenhagen |
| Trading date: |
11 May 2010 |
| Number: |
376,500 |
| Market value DKK: |
338,850 |
Please note that this translation is provided for convenience only. The Danish version shall prevail in case of discrepancies.
May 11 2010
Amendments to the Articles of Association adopted by the annual General Meeting 28 April and Extraordinary General meeting 10 May 2010
The Articles of Association of the company have been amended in compliance with the decisions made at the Annual General Meeting of 28 April and Extraordinary General Meeting of 10 May 2010.
Download Articles of Association in PDF
May 10 2010
Decisions of extraordinary general meeting 2010
At the extraordinary general meeting 10 May 2010 the following amendments to the company’s Articles of Association were carried unanimously.
- The use in the articles of association of the term “Værdipapircentralen” is consistently changed to “VP Securities A/S” (this only affects the Danish version).
- Articles 3.6, 3.6A, 3.6B and 3.7 as well as exhibits 1 and 2 are deleted as they have been fully exercised and are no longer relevant.
- Articles 3.8, 3.8A, 3.8B, 3.9 as well as exhibits 3 and 4 are deleted as they pertain to a warrant scheme which has expired and as no more warrants will be allocated under this authorisation.
- In article 3.11, second paragraph, second line, the following is inserted after “up to nominally DKK 10 million”; “shares of DKK 0.25 each, equal to 40 million shares”.
- In article 4.2, the registrar is changed to “Computershare A/S, CVR no.: 27088899, Kongevejen 418, DK-2840 Holte”.
- In article 6.2, 5 years is changed to 3 years.
- A new article 7.7 is inserted according to which the chairman of the general meeting will in the future be appointed by the Board of Directors. Therefore, article 8.1, item 1, is deleted.
- As a result, article 8.1, item 7 is worded as follows: “Authorisation pursuant to section 198 of the Danish Companies Act to acquire treasury shares.”
- Articles 10.2 and 10.3 are deleted.
Please note that this translation is provided for convenience only. The Danish version shall prevail in case of discrepancies.
May 10 2010
Report on insiders' transactions
Pursuant to section 28a of the Danish Securities Trading Act we can report the following transactions based on today’s reports from insiders:
| Name: |
Eivind Dam Jensen |
| Reason: |
Vice-chairman of the Board of Directors |
| Issuer: |
Topsil Semiconductor Materials A/S |
| ID-code: |
DK 0060220812 |
| Type: |
Preemptive rights |
| Transaction: |
Sales |
| Market: |
NASDAQ OMX Copenhagen |
| Trading date: |
7 May 2010 |
| Number: |
47,955,207 |
| Market value DKK: |
4,795,520.70 |
Please note that this translation is provided for convenience only. The Danish version shall prevail in case of discrepancies.
May 07 2010
Report on insiders' transactions
Pursuant to section 28a of the Danish Securities Trading Act we can report the following transactions based on today’s reports from insiders:
| Name: |
Eivind Dam Jensen |
| Reason: |
Vice-chairman of the Board of Directors |
| Issuer: |
Topsil Semiconductor Materials A/S |
| ID-code: |
DK 0060220812 |
| Type: |
Preemptive rights |
| Transaction: |
Sales |
| Market: |
NASDAQ OMX Copenhagen |
| Trading date: |
6 May 2010 |
| Number: |
13,658,676 |
| Market value DKK: |
2,458,561.68 |
| Name: |
Jørgen Frost |
| Reason: |
Member of the Board of Directors |
| Issuer: |
Topsil Semiconductor Materials A/S |
| ID-code: |
DK 0060221034 |
| Type: |
New shares |
| Transaction: |
Purchase (subscription of new shares) |
| Market: |
NASDAQ OMX Copenhagen |
| Trading date: |
6 May 2010 |
| Number: |
33,000 |
| Market value DKK: |
27,500 |
Please note that this translation is provided for convenience only. The Danish version shall prevail in case of discrepancies.
May 06 2010
Report on insider transactions
Pursuant to section 28a of the Danish Securities Trading Act we can report the following transactions based on today’s reports from insiders:
| Name: |
Theis Leth Sveigaard |
| Reason: |
Expansion & R&D Manager |
| Issuer: |
Topsil Semiconductor Materials A/S |
| Trading date: |
5 May 2010 |
| Market: |
NASDAQ OMX Copenhagen |
| ID-code: |
DK 0060220812 |
| Type: |
Preemptive rights |
| Transaction: |
Sales |
| Number: |
1 |
| Market value DKK: |
DKK 0.17 |
| |
|
| ID-code: |
DK 0060221034 |
| Type: |
New shares |
| Transaction: |
Purchase (subscription of new shares) |
| Number: |
127,973 |
| Market value DKK: |
115,175.70 |
| Name: |
hans Peder Mikkelsen |
| Reason: |
Supply Chain Manager |
| Issuer: |
Topsil Semiconductor Materials A/S |
| Trading date: |
6 May 2010 |
| Market: |
NASDAQ OMX Copenhagen |
| ID-code: |
DK 0060220812 |
| Type: |
Preemptive rights |
| Transaction: |
Sales |
| Number: |
144,831 |
| Market value DKK: |
DKK 23,172.96 |
| |
|
| ID-code: |
DK 0060221034 |
| Type: |
New shares |
| Transaction: |
Purchase (subscription of new shares) |
| Number: |
200,000 |
| Market value DKK: |
180,000 |
Please note that this translation is provided for convenience only. The Danish version shall prevail in case of discrepancies.
May 05 2010
Report on insider transactions
Pursuant to section 28a of the Danish Securities Trading Act we can report the following transactions based on today’s reports from insiders:
| Name: |
Jørgen Bødker |
| Reason: |
VP Sales & Marketing |
| Issuer: |
Topsil Semiconductor Materials A/S |
| Trading date: |
4 May 2010 |
| Market: |
NASDAQ OMX Copenhagen |
| ID-code: |
DK 0060220812 |
| Type: |
Preemptive rights |
| Transaction: |
Purchase |
| Number: |
3 |
| Market value DKK: |
DKK 0.55 |
| |
|
| ID-code: |
DK 0060221034 |
| Type: |
New shares |
| Transaction: |
Purchase (subscription of new shares) |
| Number: |
583,132 |
| Market value DKK: |
524,818.80 |
| Name: |
Jens Christian Nielsen |
| Reason: |
CFO |
| Issuer: |
Topsil Semiconductor Materials A/S |
| ID-code: |
DKK 0060221034 |
| Type: |
New shares |
| Transaction: |
Purchase (subscription of new shares) |
| Market: |
NASDAQ OMX Copenhagen |
| Trading date: |
4 May 2010 |
| Number: |
25,000 |
| Market value DKK: |
DKK 22,500 |
| Name: |
Hans Peder Mikkelsen |
| Reason: |
Supply Chain Manager |
| Issuer: |
Topsil Semiconductor Materials A/S |
| ID-code: |
DKK 0010271584 |
| Type: |
Shares |
| Transaction: |
Sales |
| Market: |
NASDAQ OMX Copenhagen |
| Trading date: |
4 May 2010 |
| Number: |
120,000 |
| Market value DKK: |
DKK 196,800 |
Please note that this translation is provided for convenience only. The Danish version shall prevail in case of discrepancies.
May 04 2010
Report on insider transactions
Pursuant to section 28a of the Danish Securities Trading Act we can report the following transactions based on today’s reports from insiders:
| Name: |
Keld Lindegaard Andersen |
| Reason: |
CEO |
| Issuer: |
Topsil Semiconductor Materials A/S |
| ID-code: |
DKK 0060221034 |
| Type: |
New shares |
| Transaction: |
Purchase (subscription of new shares) |
| Market: |
NASDAQ OMX Copenhagen |
| Trading date: |
3 May 2010 |
| Number: |
568,687 |
| Market value DKK: |
DKK 511,818.30 |
Please note that this translation is provided for convenience only. The Danish version shall prevail in case of discrepancies.
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