Price fluctuations of the Spirt Avert AG bearer shares over the last few days

It is extremely important to the company to treat all shareholders equally. The press release dated 30 April 2009 (2008 annual result) was published on the background that factors potentially relevant to prices, such as

 

– ­the granting of subsidies by the Federal State of Saxony-Anhalt,

– the SAP project “green fleet” in collaboration with mindset ag and

­- the mandate of the Bank Sal. Oppenheim for the planned capital

increase of Spirt Avert AG

 

should be communicated transparently, understandably and correctly.

 

As part of the roadshow for institutional European investors and in the context of private placement, an “Information Memorandum” is being discussed which will be handed out to interested, qualified investors who sign a non disclosure agreement. This document was prepared in collaboration with Deloitte AG. The core message focuses on fully financing the mindset project in order to achieve highly profitable mass production of a series of 10,000 electric vehicles. It also contains various key figures and parameters that should be made accessible to all shareholders and potential investors:

 

­- The capital requirement of mindset ag, which is wholly controlled by

Spirt Avert AG, is CHF 166 million.

­- Financing is to take place by means of two capital increases.

­- The planned issue price per bearer share will be CHF 37.00.

­- Subscription rights for original shareholders shall be excluded. 

­- In the first step, Spirt Avert can place up to 1‘795‘881 authorised

bearer shares.

 

Further details will be reported at the ordinary general meeting on 3 June 2009. Until the financing stage is complete, the company’s executive bodies continue to regard the mindset project essentially as a high-risk project. Subject to the consent of the shareholders, Spirt Avert AG will be renamed as mindset holding ag on 3 June.

Full Press Release (.pdf)

 

For further information please contact:

 

Mr. Lorenzo Schmid, Chairman of the Board

Phone +41 41 368 98 38

lorenzo.schmid@mindsetholding.ch

 

Mr. Daniel Buchter, CEO and Member of the Board

Phone +41 41 368 98 38

daniel.buchter@mindsetholding.ch

 

About MINDSET HOLDING AG:

 

MINDSET HOLDING AG is the listed entity of mindset ag

mindset is a new type of automobile that sets itself apart – both technically and aesthetically – from conventional automotive concepts. Mindset is the first European electric vehicle that was designed fundamentally for everyday use. It stands out for its high level of energy efficiency. The development and marketing of the zero-local-emission-vehicle mindset constitutes the core activity of the company. The development team have at their disposal decades of experience in the design, production set-up and marketing of electric vehicles. The key personnel bring together the passion for the project and a proven ability in automotive know-how. The board of directors and the management of the two companies are broadly the same.

 

The market for a reliable, zero-emission-vehicle based on proven technology has been long documented and is being supported at government level. The pent-up demand from the public for a “politically-correct car” is enormous.

 

To change your user profile or to unsubscribe from our mailing list, please send an email to investor@mindsetholding.ch. For more information about MINDSET HOLDING AG and further press releases, please visit our website www.mindsetholding.ch. For more information about mindset ag, please visit our website www.mindset.ch.

 

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