The management and supervisory board of PVA TePla AG have decided to issue 300,000 new shares to Hessischer Innovationasfonds GmbH & Co. KG in Frankfurt by utilizing part of the authorized capital and with shareholders excluded from subscribing.

The management and supervisory board of PVA TePla AG (http://www.pvatepla.com) have decided to issue 300,000 new shares to Hessischer Innovationasfonds GmbH & Co. KG in Frankfurt by utilizing part of the authorized capital and with shareholders excluded from subscribing. In return, PVA TePla AG will become the sole shareholder of CGS by taking over the share of around 15% that the Innovation Fund holds in Crystal Growing Systems GmbH (CGS) in Asslar. A cooperation agreement concluded in recent months by PVA TePla AG and the joint venture with partners in China are based on CGS crystal growing technologies, to which PVA TePla AG now has free access without external influence of any kind.