MUNICH--(BUSINESS WIRE)--NextAlarm AG is planning to increase the share capital of the company by way of a cash capital increase by issuing up to 425,000 new shares soon. It is a capital increase with subscription rights for existing shareholders. They will also have the opportunity to participate in the capital increase by making subscription requests beyond their legal subscription rights (over-subscription). In addition, new shares which have not been subscribed for, will be offered in a non-public private placement without a prospectus to a select group of institutional investors. The company has already received commitments from existing shareholders, for example from Heinz Roth, founder and former CEO of Primion AG, to support the promising growth strategy of NextAlarm AG by subscribing for new shares in the planned capital increase.
The additional capital secures NextAlarm AG the funding for promising investments. Alex Elliot, CEO of NextAlarm AG, on the planned capital increase: "The additional funds are intended to particularly drive market development and the establishment and expansion of sales structures in Germany quickly forward. With our excellent product and services offering, we are convinced that now is the appropriate time to open up a mass market in Germany for us.
As part of our white-label strategy, the new capital also serves to connect the client portals of our trade and distribution partners, especially in the field of cable and phone companies with our Next Alarm third-party activation system."
The capital increase is also intended for expanding into new areas of business. Alex Elliot added: "We will use a portion of the proceeds from the capital increase for the expansion of our product and services range into new areas of application, which are in the focus of our research and development activities.” These include mobile and automatic regulation of heating, ventilation and air conditioning, of shutters, lighting, and a host of other options which are increasingly moving in the focus of private and commercial users. One example in this context is the automatic lowering of the room temperature as soon as the alarm system is activated.
“Accordingly, the growth forecasts in the range of smart home applications are very promising. And NextAlarm AG is committed to actively take part in shaping this market segment", points out Alex Elliot.
NextAlarm AG is the parent company of Ojai, California / USA, based Next Alarm Monitoring Services, Inc., which is successfully operating in the U.S. market with security solutions for individuals and small businesses for the past twelve years. NextAlarm AG was founded in 2010 and has been listed in the Open Market of Frankfurt Stock Exchange since March 2011.
Alex Elliot on the announcement of German stock exchange from 6 February 2012, to close the First Quotation Board (FQB) of the Open Market of Frankfurt Stock Exchange in its present form probably in the third quarter of 2012: " NextAlarm AG is already voluntarily meeting transparency requirements and follow-up obligations required by market segments with higher standards of transparency than the Open Market. In addition, NextAlarm AG is a profitably operating company, which has already accumulated many years of corporate history in the United States. We will now evaluate in the interest of our investors which of the available options is best suited for NextAlarm AG, be it a change of the market segment or of the location of the stock exchange within Germany. In any case, we can guarantee our shareholders a continuous stock exchange listing of NextAlarm shares.”