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PRESS RELEASE: MOLOGEN AG: Successful capital increase enables phase III study with immunotherapy MGN 1703 (colon cancer)

DGAP-News: MOLOGEN AG / Key word(s): Capital Increase MOLOGEN AG: Successful capital increase enables phase III study with immunotherapy MGN 1703 (colon cancer)

06.02.2014 / 17:27

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PRESS RELEASE N 02 / 2014 of 02/06/2014

MOLOGEN AG: Successful capital increase enables phase III study with immunotherapy MGN 1703 (colon cancer)

Berlin, February 6, 2014 - MOLOGEN AG has successfully concluded the capital increase, which was resolved yesterday. The issue price was set at EUR 10.20 per new share. In the context of a private placement the capital increase was fully placed with qualified investors in the amount of 1,541,244 shares (equivalent to 10 per cent of the current share capital). The share capital will therefore be increased by issuing 1,541,244 new no-par value bearer shares from currently 15,419,512 Euros to then 16,960,756 Euros. The gross proceeds amount to approximately 15.7 million Euros.

The proceeds from the capital increase will be used to further strengthen the equity base as well as to finance the development of the product pipeline and the proceeds enable in particular to start the planned pivotal clinical phase III study with MGN1703 in metastatic colorectal cancer.

Dr. Matthias Schroff, CEO of MOLOGEN AG: 'The planning for the pivotal study has been largely completed. Thus, our cancer immunotherapy MGN1703 can enter into the final clinical phase this year in order to confirm the previous excellent results in a significantly larger number of patients. We are delighted about the trust of the investors.'

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PRESS RELEASE: MOLOGEN AG: Successful capital increase enables phase III study with immunotherapy MGN 1703 (colon ...

DGAP-News: Nordex SE / Key word(s): Incoming Orders Nordex awarded further major contract by Taaleritehdas:

06.02.2014 / 09:02

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19 turbines called down under the frame contract for Finland's largest wind power project

Hamburg, 6 February 2014. Finnish Investment company Taaleritehdas has placed another large-scale order with Nordex for a further 19 N117/2400 turbines, which are to be supplied for the Myllykangas wind farm on the northwest coast of Finland. This marks Taaleritehdas' third calldown under the frame contract, which was signed in 2012 for a total of up to 111 turbines. It has already acquired 17 Nordex turbines specially developed for IEC-3 wind classes for the Honkajoki and Nyby-li sites.

Myllykangas is located not far from the Nybi-li wind farm in the Ii region, where eight wind turbines are currently under construction. Accordingly, Nordex will also be providing service for the 19 turbines under the current calldown from the joint service point in Kempele. With a nominal output of 2.4 megawatts each and a hub height of 120 meters, the turbines will be supplied in the cold-climate version from autumn 2014 and are scheduled to be connected to the grid in 2015. Myllykangas will be Finland's largest wind farm and form a single cluster together with Nyby-Li.

'We are pleased to see that our business in Finland continues to develop well and that Taaleritehdas chooses Nordex again', says Lars Bondo Krogsgaard, member of the Nordex SE Management Board.

'We are very pleased to continue our good co-operation with Nordex now in Myllykangas. We have very good experience of Nordex N117 turbines from our Honkajoki site and therefore feel confident in continuing to install Nordex turbines in our next development site in Myllykangas, Ii', says Taamir Fareed, Director of Taaleritehdas Wind Energy Operations.

Together with the projects Nyby-Ii, Mkikangas and Joukhaisselk Nordex will be installing more than 40 turbines with a total capacity of 125 MW in Finland.

About Nordex As one of the technological leaders in multi-megawatt wind power systems, Nordex is benefiting from the trend in favour of large-scale turbines. The Generation Gamma range comprises the N90/2500, N100/2500 and the N117/2400, which is one of the most efficient series turbines for non-coastal regions. To date, over 2,600 of these turbines have been produced. This experience with multi-megawatt turbines gives Nordex a decisive lead over most of its competitors. With Generation Delta, Nordex is now offering the fourth generation of its proven multi-megawatt platform (N100/3300, N117/3000, N131/3000). Nordex has installed a total of over 5,600 turbines with an aggregate capacity of around 9,400 MW all around the world. With exports accounting for more than 85 percent of its business, Nordex SE plays a key role in international high-growth regions. The Company has offices and subsidiaries in 22 countries around the world with a total global headcount of over 2,500 employees.

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PRESS RELEASE: Nordex awarded further major contract by Taaleritehdas:

DGAP-News: VERBIO Vereinigte BioEnergie AG / Key word(s): Half Year Results VERBIO Vereinigte BioEnergie AG:

06.02.2014 / 07:00

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VERBIO AG continues its positive business development

- Significant increase in biofuel production and sales - Increases in EBITDA to EUR 21.5 million and in EBIT to EUR 10.5 million - Debt reduction by EUR 56.6 million - Raising of the earnings forecast for financial year 2013/2014

Leipzig, 6 February 2014 - VERBIO is very satisfied with the performance in the first half of financial year 2013/2014 and optimistic about the prospects for the current year. For the continued operations consolidated sales increased, compared to the corresponding prior-year figure, by 15 percent to EUR 420.2 million (1 HY 2012/2013: EUR 363.9 million). The significant sales increase is essentially demand-driven and has been favoured by the re-establishment of fair competition for the biofuel market in Europe. Overall, in the first half of 2013/2014, VERBIO produced 309,441 tons of biofuel, an increase of more than 20 percent compared with the first half of 2012/2013. At the same time gross margin improved by about 26 percent, personnel expenses amounted to EUR 11.1 million and other operating expenses turned out to be significantly reduced by 26 percent or EUR 3.7 million to EUR 12.5 million compared to those of the previous year. This initially increased earnings before interest, taxes, depreciation and amortization (EBITDA) significantly by EUR 14.5 million to EUR 21.5 million. Results were enhanced by the increased production and sales volumes, higher selling prices and targeted cost reduction measures. The operating profit (EBIT) for the first half of 2013/2014 is reported at EUR 10.5 million (1 HY 2012/2013: EUR -4.2 million). Consolidated earnings before taxes (EBT) for the reporting period amounted to EUR 8.8 million (1 HY of 2012/2013: EUR -6.0 million), and net results for the period were EUR 7.9 million (1 HY 2012/2013: -6.4 million). This resulted in earnings per share (diluted/undiluted) of EUR 0.13 (1 HY 2012/2013: EUR -0.10).

As of the balance sheet date 31 December 2013, liquid assets totalled EUR 25.1 million. Due to the positive cash flow from operating activities as well as cash inflows from the sale of Mrka locations bank and loan liabilities were reduced up to a total of EUR 56.6 million. With net financial liabilities in the amount of EUR 55.9 million the ratio of net financial liabilities to EBITDA, related to the overall financial year, is again clearly below two.

Segment development

Biodiesel segment benefits from improved conditions

The biodiesel capacity of VERBIO was utilized at a rate of 98 percent in the first half of 2013/2014, which is almost full utilization. Overall, in this period, significantly more biodiesel (209,522 tons) was produced than in the corresponding period (1 HY 2012/2013: 173,387 tons). This is mainly due to the decline in imports of subsidized biodiesel from Argentina and Indonesia, as well as the declining amounts of UCOME (Used Cooking Oil Methyl Ester), and thus to the elimination of the market turmoil which had been ongoing since 2012.

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PRESS RELEASE: VERBIO Vereinigte BioEnergie AG:

DGAP-News: Hannover Rck SE / Key word(s): Miscellaneous Hannover Re satisfied with treaty renewals

06.02.2014 / 07:30

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Hannover Re satisfied with treaty renewals

- Good rate quality preserved in competitive environment

- Selective underwriting led to 2% contraction in premium volume

- Price increases in loss-impacted areas

- Solid prospects for 2014 despite softer market conditions

Hannover, 6 February 2014: Hannover Re expressed satisfaction with the results of the treaty renewals as at 1 January 2014 despite an even more competitive climate. 'Although the rate level in non-life reinsurance was broadly lower than in the previous year, we achieved adequate margins thanks to our systematic underwriting discipline. We are satisfied with the rate level of our renewed portfolio; profitability is likely to remain largely stable relative to 2013. In areas where risks were not commensurately priced we reduced our shares - sometimes markedly so', Hannover Re's Chief Executive Officer Ulrich Wallin stated. Against this backdrop the premium volume contracted by 2%.

Aside from the absence of market-changing major losses, increased retentions carried by ceding companies were a key factor in the premium decline. The inflow of capital from the ILS market led to particularly sharp rate decrease in US natural catastrophe business; this did not, however, give rise to any significant share reductions for Hannover Re. Rate increases were obtained under loss-impacted programmes. This was true, for example, of catastrophe covers in Germany and Canada. Increases were recorded in marine business on the back of adverse claims experiences in prior years. Overall, Hannover Re benefited once again from its enduring client relationships and its position as one of the leading and financially robust reinsurance groups.

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PRESS RELEASE: Hannover Re satisfied with treaty renewals

It wasnt just one utterance of the N word over the police radio.

Dozens of African-American city cops gathered at the Amistad statue outside City Hall for a press conference Thursday evening to express outrage over a series of disturbing racially discriminatory incidents in their department beyond the recent utterance of the racial slur.

Three organizations representing black copsthe Silver Shields, the Guardians, and the National Association of Black Law Enforcement Officersorganized the press conference.

None of the officers spoke at the event. Instead, they surrounded local civil-rights attorney John Williams as he read a lengthy statement on their behalf.

The statement began by referencing the post-midnight utterance by an identified person of the word nigger over the police radio on Dec. 30 (originally reported here). That incident sparked an immediate internal affairs investigation aided by the FBI.

It should be very clear the black officers are not just outraged over this once incident, the statement read. Over the past 18 months, under Chief [Dean] Essermans administration, there has been a series of disturbing racially discriminatory incidents that range from blatant officer misconduct to acts of intimidation.

Esserman said Thursday night that he has been reaching out to local clergy and the NAACP and reaching out to groups within the department in addition to meeting with the black police officers in order to tackle the issue.

Let me be unequivocably clear: Racist behavior in any form of expression will not be tolerated in the New Haven police department, neither to the citizens we serve nor amongst one another in the rank and file, Esserman decalred. As a New Haven police officer, I am offended and want to believe most New Haven police officers are offended by such behavior and words. Respect and integrity must be the bedrock of our profession.

The black officers statement details four incidents, along with assessments of how the department handled them:

The posting by a white police officer of racially inflammatory comments on his personal Facebook page, including a description of a high-ranking black female cop as Miss Butterworth (a slur). For his highly inappropriate and unprofessional behavior, he was promoted to detective and assigned [to] the Bureau of Investigation in charge of processing evidence vital to major investigations, the statement charged.

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Black Cops Decry Serious Breach Of Trust