Martifer, the second main shareholder of REpower Systems AG (after the AREVA Group), has explained how it plans to exercise its subscription rights during the planned capital increase.
Martifer commits to exercise a total of 1,556,000 subscription rights. This corresponds to the acquisition of 517,667 shares of the planned capital increase. It is intended to increase capital, which currently stands at € 5,941,198.00, by a provisional amount of € 2,160,599.00 for cash investments to a provisional total of € 8,101,797.00. The Board of Management and Supervisory Board of REpower Systems AG will determine further details regarding the capital increase and the conditions of issuing shares, in particular the purchase price at which the new shares will be offered to shareholders, before the beginning of the subscription period (expected to take place between the provisional dates of 24 March and 6 April 2006).
