IKB Deutsche Industriebank AG / Capital Increase
26.07.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The Board of Managing Directors of IKB Deutsche Industriebank AG has
determined, with approval of the Supervisory Board, on 25 July 2008 the
details of the capital increase resolved by the shareholders meeting on 27
March 2008. The resolution of the shareholders meeting was entered into
the commercial registry on 25 July 2008.
The new shares will be offered to shareholders on a pre-emptive basis
during the period from 29 July 2008 until 11 August 2008 (inclusive) at a
price of 2.56 per new share.
In addition to their statutory pre-emptive rights, the shareholders will be
granted the opportunity, against payment of the share price, to subscribe
for new shares for which pre-emptive rights are not exercised during the
subscription period.
During the period from 29 July 2008 until 6 August 2008 (inclusive), the
pre-emptive rights can be traded on the Frankfurt Stock Exchange.
KfW has informed the company that it intends to undertake towards IKB to
subscribe for a sufficient number of new shares, such that IKB will receive
proceeds of at least 1.25 billion (before costs and not including a
premium from interest income) from the capital increase. This obligation to
subscribe for new shares is expected to be subject to the condition
precedent that the European Commission issues an approving decision.
In order to maximize the proceeds from the capital increase, the Board of
Managing Directors principally intends to delay the registration of the
recording of the completion of the capital increase in the commercial
register until the European Commission has issued its decision or KfW has
subscribed for the relevant number of new shares.
The Board of Managing Directors expects that the European Commission will
make its decision in October of 2008. The admission of the new shares to
trading will be applied for after recording of the completion of the
capital increase in the commercial register and is expected to take place
in the fourth quarter of 2008.
Further information on the details of the capital increase will be provided
in the rights offer (Bezugsangebot) which is expected to be published on 28
July 2008 in the German Federal Gazette (elektronischen Bundesanzeiger) and
the Frankfurter Allgemeine Zeitung.
Düsseldorf, 26 July 2008
Board of Managing Directors
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Information and Explaination of the Issuer to this News:
This Ad hoc Release is for informational purposes only and does not
constitute an offer of securities for sale in the United States. Securities
may not be offered or sold in the United States absent registration or an
exemption from the registration requirements under the U.S. Securities Act
of 1933, as amended. The securities described herein are not being offered
publicly in the United States.
Contact: Dr. Jörg Chittka, Tel. +49 (0) 211 8221 4349; Patrick von der Ehe,
Tel. +49 (0) 211 8221 4776; Dr. Annette Littmann, Tel. +49 (0) 211 8221
4745
DGAP 26.07.2008
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Language: English
Issuer: IKB Deutsche Industriebank AG
Wilhelm-Bötzkes-Straße 1
40474 Düsseldorf
Deutschland
Phone: +49 (0)211 8221-4511
Fax: +49 (0)211 8221-2511
E-mail: investor.relations@ikb.de
Internet: www.ikb.de
ISIN: DE0008063306
WKN: 806330
Indices: SDAX
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Düsseldorf, Hamburg, München; Freiverkehr in Hannover,
Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: IKB Deutsche Industriebank AG: Details of Capital Increase
| Source: EQS Group AG