DOLPHIN INTEGRATION LAUNCHES A CAPITAL INCREASE BY PRIVATE PLACEMENT, ELIGIBLE FOR THE TAX ADVANTAGE OF FRENCH TEPA LAW, FOR THE AMOUNT OF 100,000 €

The corporation is announcing the launch of a capital increase by private placement for the amount of 100,000 €, possibly increased to 110,000 € through the clause of over-allowance, per the terms decided today by the board of directors in the frame of the delegations conferred to them by the general assembly of February 13, 2013.

Economic situation

The commercial activity has continued its progression, enabling to meet deadlines with respect to public creditors, while preserving manageable suppliers’ delays and a staggered payment of wages. The sales turnover of the first semester has realized a growth rate of 14% with respect to the same period of last year and this trend is continuing.

The preservation of bank overdraft is currently secured. The first emission of this type shall facilitate the funding for current operations. The corporation is also going to be able to mobilize last year’s research tax credit.

Terms and conditions

This emission without preferential subscription rights aims at a restricted circle of investors acting on their own, noticeably qualified as investors interested by a reduction of taxes on assets (ISF) in the frame of French law TEPA.

The issue price has been set by the board of directors at 3 € per share, average value over the last three years. Let us remind that the amount of working capital of the corporation amounts to 12.07 M€ on 2012/09/30, for 1,295,120 shares currently outstanding, i.e. 9.32 € per share, with a ratio of net financial debt at 42% of working capital.

The subscription period shall last from June 3 to June 14, 2013. The requests for subscription shall be processed in their order of arrival, and the operation shall be closed by anticipation as soon as its maximum shall be reached.

This capital increase represents the issuance of 33,333 new shares, up to a maximum of 36 666 in case of application of the clause of over-allowance, translating into a maximum dilution of 2.83 % with respect to the 1,295,120 outstanding shares.

Due to this limited amount and to the limited amount of investors concerned, this emission of shares does not constitute an offering with prospectus subjected to the procedure of visa by the French securities and exchange commission (AMF). The practical terms and conditions of this subscription are directly available from the corporation, by email at: corp.admin@dolphin.fr

In early July, the corporation shall announce their financial statements on March 31, as well as the result of the present emission of shares.

For the board of directors, the CEO

About Dolphin Integration

The company occupies a key position with sustainable growth in the strategic and deverticalized industry of design for Microelectronics.

DOLPHIN Integration SA with social Capital of 1,295,120 € – www.dolphin.fr – ISIN: FR0004022754/ ALDOL – Bloomberg: ALDOL FP – Reuters: ALDOL.PA – ICB 9576. Semiconductors.

Contacts:
Michel DEPEYROT, Executive Chairman – myd@dolphin.fr
ATOUT CAPITAL, Listing Sponsor,
Cedric BEUDIN, (33) 1 56 69 61 83 – cedric.beudin@atoutcapital.com