EVN AG / Key word(s): Capital Increase/Capital Increase
27.10.2010 21:52
Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, UNITED KINGDOM,
JAPAN OR AUSTRALIA
October 27, 2010
>Capital increase of 16,352,582 new shares with a subscription ratio of
10:1
>Pre-placement to international investors
>Proceeds will be used to strengthen balance sheet by increasing issued
equity and thereby supporting credit rating, as well as for investments
in renewable energy projects in Lower Austria and the expansion of hydro
power energy capacities in other regions of Austria and in neighbouring
countries
With the Supervisory Board's approval, the Managing Board of EVN AG has
resolved on a capital increase from authorized capital through the issuance
of 16,352,582 new ordinary no-par value bearer shares.
This capital increase will increase the share capital of EVN AG from EUR
300,000,000 by 10% to EUR 330,000,000. The subscription ratio will be 10:1,
which means the existing shareholders will be entitled to subscribe for one
new share for every ten outstanding shares held. The subscription period
for the new shares is expected to start on October 29, 2010 and end on
November 12, 2010.
All new shares, for which subscription rights have not been exercised or
which have not been subscribed by eligible employees of EVN Group will be
pre-offered to institutional investors also outside of Austria. This
pre-placement begins with immediate effect still today, October 27, 2010
and will terminate before the beginning of the subscription period.
EnBW Energie Baden-Württemberg AG as significant shareholder of EVN AG has
irrevocably undertaken towards the company neither to exercise nor to
transfer to third parties any of its subscription rights relating to the
new shares, provided that the subscription price for the new shares will be
fixed with EUR 10.50 or higher. The majority shareholder NÃ
Landes-Beteiligungsholding GmbH with a shareholding of currently 51% will
fully exercise its subscription rights and subscribe 51% of the new shares.
The subsciption price as well as the offer price for the pre-placement is
expected to be fixed by resolution of the board of management with the
consent of the supervisory board and in coordination with the syndicate of
banks based on the results of the bookbuiliding process for the
pre-placement on October 28, 2010. The subscription price at which the new
shares are offered to the shareholders in connection with their
subscription rights will be equal to offer price and is expected to be
announced on October 28, 2010.
The first trading day in the new shares on the Vienna Stock Exchange is
expected to be November 2, 2010. The new shares carry full dividend rights
from and including the fiscal year 2009/10.
The proceeds from the capital increase primarily benefits EVN Group's
balance sheet and thereby supporting EVN Group's credit rating. In
addition, the proceeds will be used to finance projects for the expansion
of renewable energy capacities in Lower Austria in the form of further
hydro power plants and wind parks as well as the expansion of hydro power
capacities in other regions of Austria and in neighbouring countries.
The prospectus intended to support the offer to the shareholders in
connection with their subscription rights and the offer to the eligible
employees of EVN Group is still subject to the approval by the Austrian
Financial Market Authority. This approval is expected to take place on,
October 28, 2010.
Deutsche Bank Aktiengesellschaft and Raiffeisen Centrobank AG are acting as
Joint Bookrunners and Joint Lead Managers in the offering.
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Information and Explaination of the Issuer to this News:
Legal Disclaimer: This ad-hoc announcement serves marketing purposes in
Austria and constitutes neither an offer to sell nor a solicitation to buy
any securities of EVN AG. A public offer may only be made in Austria after
publication of a prospectus prepared in accordance with the provisions of
the Austrian Capital Markets Act. Any securities orders received prior to
the commencement of a public offer will be rejected. If a public offer is
made in Austria, a prospectus prepared in accordance with the Austrian
Capital Markets Act will be published at the homepage of the company under
www.evn.at and will be available free of charge at EVN AG (EVN Platz,
A-2344 Maria Enzersdorf, Austria). Any offer of securities of EVN AG in
Austria will be made solely by means and on the basis of the published
prospectus.
This ad-hoc announcement is not for distribution in or into the United
States of America and must not be distributed to U.S. persons (as defined
in Regulation S under the U.S. Securities Act of 1933, as amended
('Securities Act')) or publications with a general circulation in the
United States. This press release does not constitute an offer or
invitation to purchase any securities in the United States. The securities
of EVN AG have not been registered under the Securities Act and may not be
offered, sold or delivered within the United States or to U.S. persons
absent registration under or an applicable exemption from the registration
requirements of the United States securities laws. There will be no public
offer of securities of EVN AG in the United States. This press release is
directed only at persons (i) who are outside the United Kingdom or (ii) who
have professional experience in matters relating to investments falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the 'Order') or (iii) who
fall within Article 49(2)(a) to (d) ('high net worth companies,
unincorporated associations etc.') of the Order (all such persons together
being referred to as 'Relevant Persons'). Any person who is not a Relevant
Person must not act or rely on this communication or any of its contents.
Any investment or investment activity to which this communication relates
is available only to Relevant Persons and will be engaged in only with
Relevant Persons.
EVN AG
Corporate Communications
EVN Konzern
Stefan Zach
EVN Platz
A-2344 Maria Enzersdorf
Tel.: +43 2236 200-122 94
Fax: +43 2236 200-822 94
Mobil: +43 676 810 32 294
stefan.zach@evn.at
www.evn.at
27.10.2010 21:52 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: EVN AG
EVN Platz
2344 Maria Enzersdorf
Ãsterreich
Phone: +43-2236-200-12294
Fax: +43-2236-200-82294
E-mail: info@evn.at
Internet: www.evn.at
ISIN: AT0000741053
WKN: 074105
Indices: ATX
Listed: Foreign Exchange(s) Wien (Amtlicher Handel / Official Market)
End of Announcement DGAP News-Service
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DGAP-Adhoc: EVN AG: EVN resolves on capital increase
| Quelle: EQS Group AG