DAB bank AG / Key word(s): Capital Increase
05.02.2013 11:34
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Management Board of DAB Bank AG resolves capital increase by
issuing 8,270,569 new shares in exchange for cash contributions, preemptive
rights excluded
Munich, February 5, 2013.
On February 5, 2013, the Management Board of DAB Bank AG adopted a
resolution to increase the company's share capital by EUR 8,270,569.00,
from EUR 82,705,706.00 to EUR 90,976,275.00, using the Authorized Capital
II established in accordance with Article 4 (4) of the company's Articles
of Incorporation, by issuing new shares in exchange for cash contributions.
The Executive Committee of the Supervisory Board and the Supervisory Board
of DAB Bank AG have not yet approved the resolution, but are expected to do
so later today. The Authorized Capital II was adopted by the Annual General
Meeting of May 24, 2012. Under the capital increase resolution, 8,270,569
new no-par bearer shares will be issued under a new German WKN security
identification number to the majority shareholder, UniCredit Bank AG with
its registered head office in Munich, under the exclusion of preemptive
rights, for an issue price of EUR 3.96 per share. The issue price is based
on the average of the closing prices of the DAB Bank AG share in the XETRA
trading system on the last five trading days prior to February 5, 2013. The
new shares will qualify for dividends as of January 1, 2013. After the
Annual General Meeting of DAB Bank AG to be held on May 16, 2013, the
shares issued under the new WKN number will revert to the existing WKN
number 507230 (ISIN: DE0005072300).
The exclusive admittance of majority shareholder UniCredit Bank AG to
subscribe and accept the new shares makes it possible to conduct the
capital increase in a cost-efficient and expeditious manner. The capital
increase will not significantly alter the currently existing shareholding
structure. When the new shares are issued, the equity interest held by
UniCredit Bank AG in DAB Bank AG will rise from the current 79.53 percent
to 81.39 percent.
The company will receive gross cash proceeds of EUR 32,751,453.24. The
capital increase is in response to the heightened regulatory and internal
requirements for the utilization of economic capital and the risk covering
potential of banks. The capital increase will ensure an adequate capital
base for DAB Bank AG.
Contact:
If you have queries, please contact Dr. Manuel Matthes, DAB bank, +49 89
500 68 1696 or ir@dab.com.
05.02.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: DAB bank AG
Landsberger StraÃe 300
80687 München
Germany
Phone: +49 (0)89 500 68 1696
Fax: +49 (0)89 500 68 669
E-mail: ir@dab.com
Internet: www.dab-bank.de
ISIN: DE0005072300
WKN: 507230
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Management Board of DAB Bank AG resolves capital increase by issuing 8,270,569 new shares in exchange for cash contributions, preemptive rights excluded
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