DGAP-News: IKB Deutsche Industriebank AG / Key word(s): Miscellaneous
IKB Deutsche Industriebank AG: IKB supports Public Tender by LSF6 to
purchase shares in IKB
08.08.2016 / 08:30
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
IKB supports Public Tender by LSF6 to purchase shares in IKB
[Düsseldorf, 8 August 2016] LSF6 Europe Financial Holdings, L.P. today made
an offer to purchase shares in IKB Deutsche Industriebank AG (ISIN DE
0008063306/ WKN 806 330). IKB supports the offer. Compared to the closing
price of IKB shares on the Düsseldorf Stock Exchange of EUR 0.18 on 5
August 2016, in IKB's opinion the purchase price of EUR 0.55 per share
could be an attractive selling option for holders of IKB shares.
IKB believes that the current share price level, among other things,
reflects the fact that a dividend is not expected to be paid on IKB shares
for a long time to come. The payment of dividends to IKB shareholders is
subordinate to servicing the compensation agreements with a total amount of
EUR 1,151.5 million, the recovery rights of hybrid investors and the
reduction of net accumulated losses.
The acceptance period of the offer by LSF6 ends on 5 September 2016 at 24
hours (CEST), unless extended by the purchaser. Holders of IKB shares who
wish to accept the offer should contact their bank or custodian
institution. Further information can be found at http://www.ikb-tender.de.
IKB does not make any recommendation that shareholders should tender their
shares or refrain from doing so pursuant to the offer. Nothing in this
press release is, or shall be relied upon as, an investment advice or a
legal advice. Shareholders should consider consulting their professional
advisors.
Contact:
Dr Jörg Chittka, Tel: +49 211 8221-4349;
Armin Baltzer, Tel: +49 211 8221-6236, e-mail: presse@ikb.de
IKB Deutsche Industriebank AG supports medium-sized enterprises in Germany
and Europe with loans, risk management, capital market services and
advisory services.
---------------------------------------------------------------------------
08.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: IKB Deutsche Industriebank AG
Wilhelm-Bötzkes-Straße 1
40474 Düsseldorf
Germany
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
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Stuttgart
End of News DGAP News Service
---------------------------------------------------------------------------
490107 08.08.2016
DGAP-News: IKB Deutsche Industriebank AG: IKB supports Public Tender by LSF6 to purchase shares in IKB
| Source: EQS Group AG