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Mic AG (M3BG.F)

M3BG.F on Frankfurt Stock Exchange

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Latest Key Developments (Source: Significant Developments)

mic AG H1 net result of minus 15.19 million euros
Friday, 30 Sep 2016 02:01am EDT 

mic AG :H1 net result of minus 15.19 million euros is made up of an impairment loss on financial assets of 14.75 million euros ($16.54 million).  Full Article

Mic determines high impairment losses in course of preparation of H1 results
Thursday, 22 Sep 2016 02:00am EDT 

Mic AG : Has established a high impairment on the basis of the matters arising from the focused business strategy standards and in the course of H1 report preparation . Major shareholder mic Holding GmbH will soon convert the bulk of its about 4.6 million euros ($5.16 million) shareholder loan into shares of mic ag .According to prelim calculations, H1 net loss amounts to 15.2 million euros, including impairment loss on shares of about 10.6 million euros, write-offs of about 4.1 million euros and operating loss of about 0.5 million euros.  Full Article

Mic recalls Oliver Kolbe from management board
Monday, 5 Sep 2016 10:17am EDT 

Mic AG : Oliver Kolbe recalled from management board of Mic AG with immediate effect .Strategic sale of an approximately 14 pct stake in subsidiary Lifespot Capital AG.  Full Article

Mic AG FY 2015 net income up 11.8 pct yoy at 1.42 mln euros
Thursday, 30 Jun 2016 09:36am EDT 

Mic AG : FY 2015 net income up by 11.8 pct year on year to 1.42 million euros ($1.58 million) .FY sum of sales and other income at 5.08 million euros (previous year: 6.38 million euros).  Full Article

mic AG announces details of contract for Smarteag AG (unit Pimon GmbH)
Sunday, 3 Apr 2016 08:00pm EDT 

mic AG:Announces details of major contract for Smarteag AG (unit Pimon GmbH): technology rollout for the state-supported Beltron Telecommunications Ltd. in India.Pimon GmbH sets partnership with RBSYNERGY Pvt. Ltd to further develop an OFC based anti-intrusion technology for use in pipelines and border security.Cash inflow with an earn-out component for Pimon GmbH within the next months.Further cooperation with government units in India in the planning.  Full Article

mic AG unit Smarteag acquires business from Siemens Convergence Creators
Friday, 1 Apr 2016 06:34am EDT 

mic AG:100 pct subsidiary Smarteag AG acquires business with innovative acoustic sensor system from Siemens Convergence Creators.  Full Article

mic AG : technology group acquires part of assets of Smarteag AG
Wednesday, 16 Dec 2015 02:00am EST 

mic AG:Foreign group acquires technology of Smarteag AG, which is unit of MIC AG.Technology group acquires under this agreement a portion of the assets of a subsidiary of Smarteag AG.Purchase price is to be paid in cash and includes a fixed component in the amount of double-digit million euro amount in euros, plus an additional earn-out component.  Full Article

mic AG increases share capital
Friday, 24 Apr 2015 05:30am EDT 

mic AG:Has increased share capital from 7,731,900 euros by 2,486,100 euros to 10,218,000 euros.Mic Holding GmbH subscribes for new shares at 2.00 euros per share.  Full Article

More From Around the Web

BRIEF-Mic resolves on capital increase

* The issue price of the shares amounts to 1.40 euros ($1.52) per share, which is about one-third higher than the relevant average rate, which means that the total expenditure amounts to 5,110,000 euros Source text for Eikon: Further company coverage: ($1 = 0.9195 euros) (Gdynia Newsroom)