Nanotechnology Now - Press Release: "Nanostart AG conducting value adjustment of holding Holmenkol: Transparency report in accordance with §17 Section 2 of commercial code for the OTC market"

Home > Press > Nanostart AG conducting value adjustment of holding Holmenkol: Transparency report in accordance with §17 Section 2 of commercial code for the OTC market

Abstract:
Due to current developments, Nanostart AG is conducting an unscheduled value adjustment to its holding Holmenkol. Both the holding itself and loans to the company will be comprehensively devalued. The value adjustment totals nearly 4.0 million euros. Nanostart AG no longer anticipates positive value development in the future.

Nanostart AG conducting value adjustment of holding Holmenkol: Transparency report in accordance with §17 Section 2 of commercial code for the OTC market

Frankfurt am Main, Germany and Heimerdingen | Posted on June 26th, 2012

Nanostart AG currently holds 50 percent plus one share of Holmenkol AG. The remaining shares are held by partners, who have likewise comprehensively devalued the holding. A conference call with the CEO of Nanostart AG will take place in the coming week. The exact time of the meeting will be announced on the company's website.

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About Nanostart AG
Nanostart AG (OTCQX: NASRY) headquartered in the German financial capital of Frankfurt, is a leading nanotechnology investment company, with portfolio companies spanning the globe from Silicon Valley to Singapore. The company provides venture capital financing for nanotechnology companies in various growth phases with a focus on innovation-driven industries of the future such as cleantech, life sciences and IT/electronics. As main shareholder of Nanostart Asia Pacific Ptd Ltd, Nanostart invests as partner of the Singaporean government.

Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the “Entry Standard” segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within Canada, Australia or Japan.

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Contacts:
Nanostart AG
Dr. Hans Joachim Duerr
Head of Corporate Communications
Goethestrasse 26-28
60313 Frankfurt, Germany
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 150

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