DGAP-UK-Regulatory: VOLKSWAGEN AG: Volkswagen Aktiengesellschaft sets subscription price and offer price for new preference shares at EUR 65 per share

| Source: EQS Group AG EQS Group AG 

VOLKSWAGEN AG / Capital Increase

25.03.2010 21:52 

Dissemination of a UK Regulatory Announcement, transmitted by
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The issuer is solely responsible for the content of this announcement.
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Volkswagen Aktiengesellschaft sets subscription price and offer 
price for new preference shares at EUR 65 per share
  
Today, the Board of Management of Volkswagen Aktiengesellschaft has
resolved with the consent of the Supervisory Board and in
coordination with the syndicate of banks the conditions for the 
capital increase against cash contributions announced on March 23, 
2010. The subscription price for the new preference shares from 
the capital increase against cash contributions and the offer 
price for the pre-placement of the new preference shares to 
private investors in Germany and to qualified institutional 
investors in Germany and outside Germany has been set at EUR 65 
per preference share.
  
64,904,498 new, no-par value, non-voting preferred bearer shares 
with a notional value of EUR 2.56 per share and with full dividend 
rights from January 1, 2009 will be issued against cash 
contributions. This corresponds to a subscription ratio of 37:6. 
The company will, under the conditions set out in the subscription 
offer, raise net proceeds of approximately EUR 4.1 billion from 
the capital increase.    
  
All new preference shares were placed in the pre-placement. The 
allocation of preference shares to institutional investors is 
subject to a 27.2 percent clawback if those shareholders who have 
not assigned their subscription rights in advance to the Global 
Coordinators exercise their subscription rights.
  
The subscription period for the new preference shares has been set 
from March 31, 2010 up to and including April 13, 2010. 
  
The settlement of those new preference shares which are 
attributable to subscription rights assigned by the major 
shareholders is expected to occur on March 31, 2010. The final 
settlement of the remaining new preference shares is expected to 
take place on April 16, 2010.   
  
Wolfsburg, March 25, 2010
  
Volkswagen Aktiengesellschaft - Board of Management 


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Language:           English
Company:            VOLKSWAGEN AG
                    Brieffach 1849
                    38436 Wolfsburg
                    Deutschland
Phone:              +49 (0)5361 9 - 49840
Fax:                +49 (0)5361 9 - 30411
E-mail:             christine.ritz@volkswagen.de
Internet:           www.volkswagenag.com/ir
ISIN:               DE0007664039, DE0007664005
Indices:            DAX, Euro Stoxx 50
Listed:             Regulierter Markt in Berlin, Frankfurt (Prime
                    Standard), München, Hannover, Hamburg, Düsseldorf,
                    Stuttgart; Terminbörse EUREX; Foreign Exchange(s)
                    London, Luxembourg, SIX
Category Code:      MSC
LSE Ticker:         VKW
Sequence Number:    444
Time of Receipt:    March 25, 2010 21:18:34
 
End of News                                     DGAP News-Service
 
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