Heidelberger Druck To Issue 155,286,868 New Shares To Boost Cap
13 September 2010 - 4:11AM
Dow Jones News
Heidelberger Druckmaschinen AG (HDD.XE) Sunday said its
management board has decided to increase the company's share
capital to EUR597,325,573.12 from EUR199,791,191.04 by EUR by
issuing 155,286,868 new, no-par value bearer shares.
Each share will have a notional interest of EUR 2.56 in the
share capital.
MAIN FACTS:
-The Management Board has set out the subscription price, the
subscription
ratio and the subscription period.
-The subscription price amounts to EUR2.70.
-The new shares will be offered to the shareholders at a
subscription
ratio of 1:2, i.e. one existing share entitles to subscribe for
two new
shares.
-The subscription period shall last from September 14, 2010
until
September 27, 2010 (each time inclusive of the said date).
-Trading of subscription rights is intended from September 14,
2010 until September 23, 2010.
-The new shares shall be admitted to the regulated market at the
Frankfurt
Stock Exchange with simultaneous admission to the Prime Standard
sector of
the Frankfurt Stock Exchange.
It is currently envisaged to include the new
shares into the existing listing for the shares of the company
on September
28, 2010.
-Heidelberg intends to use the net proceeds of the offering of
the new
shares entirely to reduce its financial liabilities and to
strengthen the
equity base of the company.
-Allianz SE (ALV.XE) has irrevocably undertaken vis-à-vis
Heidelberg and the Global Coordinators subject to certain
conditions to fully accept the subscription offer in connection
with the capital increase in the amount of the participations held
by its group companies.
-In order to participate in the capital increase, RWE AG
(RWE.XE) has sold part of its shares on the stock exchange.
-RWE AG plans to sell more of its shares off-exchange prior to
the commencement of the subscription period via an appointed bank
in an amount enabling RWE AG to subscribe for the new shares
assigned to it using the total proceeds from the sale of the old
shares (without using other internally generated funds).
-COMMERZBANK Aktiengesellschaft and Deutsche Bank
Aktiengesellschaft, acting as Global Coordinators, as well as BNP
Paribas, HSBC Trinkaus & Burkhardt, LBBW and WestLB have agreed
to underwrite and subscribe for the new shares and to offer them to
the shareholders under an indirect subscription right.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500