DGAP-News: Correction of the Corporate News of May 22, 2018, 8:03 am - ISRA to Perform Planned Stock Split on May 23, 2018, valuta on May 25, 2018

In ISRA VISION AG's corporate news published on May 22, 2018, regarding the planned stock split (original title: "ISRA to Perform Planned Stock Split on May 25, 2018") the date of the stock split seems identical with the execution date of the respective account conversions. This is not correct: the execution date of the split is on May 23, 2018. Orders relating to the ISRA share that have not been executed will expire at the end of May 22, 2018. The date of the account conversion remains the announced May 25, 2018. 

Please find the corrected message below:

ISRA VISION AG (ISIN: DE 0005488100), one of the world's top companies for industrial image processing (Machine Vision) as well as globally leading in surface inspection of web materials and 3D machine vision applications, will implement the stock split, approved at this year's Annual General Meeting, on May 25, 2018 (account conversion date). After the split, shareholders will hold five shares for every share held before the measure. 

The necessary steps for an ordinary capital increase from company funds, which allows for a conversion within the company's equity, were resolved by the Annual General Meeting on March 28, 2018. The total amount of equity will remain unchanged and no new financial resources will be taken up.

Following the entry of the stock split in the commercial register on May 11, 2018, the company's share capital is divided into 21,906,200 ordinary shares. On May 23, 2018, the ISRA stock will be traded "ex-stock dividends". The stock price will accordingly be divided by five. Orders relating to the ISRA share that have not been executed will expire at the end of May 22, 2018. The account conversion will be performed free of charge on May 25, 2018. The listing and the securities identification number will remain the same. All shares are fully entitled to dividends for the 2017/2018 financial year.

Thanks to its high order volume, ISRA has gotten off to a dynamic start in the new 2017/2018 financial year. As previously reported, the company secured strategically important large scale orders in the first few months of the current financial year: For the Solar business unit - one of the areas in which ISRA has stepped up its sales activities - the company is anticipating revenue growth of significantly above 10 percent for the financial year as a whole. Another large-scale customer project regarding solar inspection systems is already at an advanced stage of negotiations. In addition to targeted sales measures, ISRA is still preparing its strategic and operational activities towards continuous structural expansion in all areas of the company in anticipation of the next big step in revenue growth beyond EUR 200 million.