SNP Schneider-Neureither & Partner AG / Key word(s): Capital Increase
13.06.2016 19:35
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SNP | Ad hoc disclosure in accordance with section 15 of the German
Securities Trading Act (WpHG)
Subject: Corporate action
SNP Schneider-Neureither & Partner AG resolves capital increase with
shareholders' subscription rights
Heidelberg, 13 June 2016 - With the approval of the Supervisory Board, the
Management Board of SNP Schneider-Neureither & Partner AG (the "Company")
(ISIN DE0007203705/WKN 720370) resolved today a capital increase from
authorised capital by up to EUR 1,238,726 by granting shareholders'
statutory subscription rights. The purpose of the capital increase is to
finance the further growth of the SNP Group.
Up to 1,238,726 no-par value bearer shares with a notional interest in the
share capital of EUR 1.00 per share ("New Shares") will be offered in a
public offer in Germany and Luxembourg. Based on a subscription ratio of
3:1, one New Share can be subscribed for every three old shares of the
Company. As a result, the Company's share capital of EUR 3,738,060 against
cash contributions will increase by up to EUR 1,238,726 to a total amount
of up to EUR 4,976,786.
The subscription price for every New Share is EUR 25.00. The subscription
period is expected to begin on Thursday, 16 June 2016 and end on Wednesday,
29 June 2016 (each inclusive). The subscription rights (ISIN: DE000A2BPWH9/
WKN: A2B PWH) for New Shares will be traded on the regulated market on the
Frankfurt Stock Exchange in the period from Thursday, 16 June 2016 to
Monday, 27 June 2016 (including both dates).
After the end of the subscription period, New Shares that have not been
subscribed for as part of the offer for subscription are to be offered to
selected investors outside of the USA, in line with Regulation S of the
U.S. Securities Act, and outside Canada, Japan and Australia as part of a
private placement after the end of the subscription period.
Based on confirmed subscription declarations, senior management members of
the SNP Group and other members will subscribe to New Shares for a total
amount of EUR 4.77 million. This includes the CEO, Dr Andreas Schneider-
Neureither, who currently holds approximately 20% of the Company's share
capital and will subscribe to New Shares for a total amount of EUR 4.0
million. Senior management members have also expressed their interest in
subscribing to additional New Shares worth EUR 6.32 million in total
without a confirmed subscription declaration.
The capital increase is managed by ODDO SEYDLER BANK AG. Details on the
capital increase and the requirements to subscribe for New Shares can be
found in the offer for subscription, which is expected to be published in
the Bundesanzeiger (Federal Gazette) from Wednesday, 15 June 2016. The
Company has created a securities prospectus for this public offer. The
prospectus is expected to be approved by the Federal Financial Supervisory
Authority (BaFin) on Tuesday, 14 June 2016.
- End of notice -
This document does not constitute an offer to sell, or the solicitation of
an offer to purchase, shares of SNP Schneider-Neureither & Partner AG. This
document is not a securities prospectus and investors should not purchase
any securities mentioned in this document except on the basis of the
securities prospectus ("Securities Prospectus") which will be published on
Tuesday, 14 June 2016 (after approval by the Bundesanstalt für
Finanzdienstleistungsaufsicht and notification to the Luxembourg financial
supervisory authority Commission de Surveillance du Secteur Financier) in
connection with the public offer of shares in SNP Schneider-Neureither &
Partner AG in Germany and Luxembourg by SNP Schneider-Neureither & Partner
AG.
The Securities Prospectus will be published on the Company's website at
http://www.snp-ag.com/eng/Investor-Relations/Stock-Information/Capital-
Increase. The Securities Prospectus will be available free of charge during
regular business hours at the offices of SNP Schneider-Neureither & Partner
AG, Dossenheimer Landstr. 100, 69121 Heidelberg, Germany.
This publication does not contain or constitute an offer of, or the
solicitation of an offer to buy or subscribe for, securities to any person
in the United States of America (the "United States"), in Australia, in
Canada, or in Japan or in any jurisdiction to whom or in which such offer
or solicitation is unlawful. The securities referred to in this publication
may not be offered or sold in the United States absent registration under
the U.S. Securities Act of 1933, as amended (the "Securities Act") or in a
transaction exempted from or not subject to the registration requirements
of the Securities Act. Subject to certain exceptions, the securities
referred to in this publication may not be offered or sold in Australia,
Canada, or Japan or to, or for the account or benefit of, any national,
resident, or citizen of Australia, Canada, or Japan. The offer and sale of
the securities referred to in this publication has not been and will not be
registered under the Securities Act or under the applicable securities laws
of Australia, Canada, or Japan. There will be no public offer of the
securities in the United States or anywhere outside of Germany and
Luxemburg. A public offer in Germany and in Luxembourg is made only by way,
and on the basis of, an English language securities prospectus with a
German summary.
About SNP
SNP empowers organizations to successfully shape digital transformations
and pursue market opportunities on the basis of highly adaptable IT. SNP's
solutions and software are used to integrate previously separate IT
environments, support M&A projects and carve-outs, and cultivate new
markets outside of the home market. SNP Transformation Backbone(R) is the
world's first standard software to automatically analyze and execute IT
system transformation. It delivers significantly better quality while
greatly reducing the time and expense involved in transformation projects.
SNP AG has over 600 employees in Europe, South Africa, Asia and the US. The
company is headquartered in Heidelberg and generated around EUR 56 million
in revenue in 2015, according to preliminary figures. Its products and
solutions are used by multinationals in manufacturing, finance and the
service sector. SNP AG was established in 1994, went public in 2000, and
has been in the Frankfurt Stock Exchange's Prime Standard segment since
August 2014 (ISIN DE0007203705).
For further information, visit www.snp-ag.com.
Contact for Investor Relations:
Marcel Wiskow
Tel.: +49 6221 6425-637
Fax: +49 6221 6425-470
E-mail: investor.relations@snp-ag.com
http://www.snp-ag.com/eng/Investor-Relations/
13.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de
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Language: English
Company: SNP Schneider-Neureither & Partner AG
Dossenheimer Landstraße 100
69121 Heidelberg
Germany
Phone: +49 6221 6425 637
Fax: +49 6221 6425 470
E-mail: investor.relations@snp-ag.com
Internet: www.snp-ag.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
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DGAP-Adhoc: SNP Schneider-Neureither & Partner AG resolves capital increase with shareholders' subscription rights
| Source: EQS Group AG