DGAP-Adhoc: Lloyd Fonds Aktiengesellschaft: EUR 15 million equity issue approved by the shareholders

Lloyd Fonds Aktiengesellschaft  / Key word(s): AGM/EGM

05.12.2011 15:48

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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- Resolution approving equity issue with full pre-emptive subscription
rights passed

- Resolution approving equity issue passed without any dissenting votes

- Supervisory Board extended and elections to the Supervisory Board held

Hamburg, December 5, 2011. On Monday, December 5, 2011, the shareholders of
Lloyd Fonds AG passed a resolution approving the issue of up to 15 million
new shares equivalent to a sum of up to EUR 15 million in accordance with
the proposal of the Management Board and Supervisory Board. As no
objections on the part of the shareholders were recorded to this resolution
to issue fresh equity, the transaction can now be executed without delay.
This equity issue is being underwritten by the US investor AMA Capital via
the investment company ACP Fund V LLC (ACP) subject to certain conditions
being met. Some of these conditions have since been discharged.

Thus, on December 5, 2011, the German Federal Financial Supervisory
Authority absolved ACP of the duty to submit a takeover bid. Moreover,
Lloyd Fonds AG has signed a notarized agreement with the participating
banks - subject to the still outstanding declarations of approval - under
the terms of which the banks undertake to accept a reduced liability
release compensation of EUR 10 million provided that Lloyd Fonds AG settles
this payment obligation by February 15, 2012. Accordingly, the formal
conditions stipulated by AMA for the equity issue approved today have
already been satisfied.

In addition, the shareholders today also passed a resolution to enlarge
Lloyd Fonds AG's Supervisory Board from three to six members due in order
to accommodate the US investor AMA.


Contact:
Marcel Wiskow
Lloyd Fonds AG
Amelungstraße 8-10
20354 Hamburg
Tel: +49-40-325678-0
Fax: +49-40-325678-99
Mail: ir@lloydfonds.de




05.12.2011 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:      Lloyd Fonds Aktiengesellschaft
              Amelungstr. 8-10
              20354 Hamburg
              Germany
Phone:        +49 (0)40  32 56 78-0
Fax:          +49 (0)40  32 56 78-99
E-mail:       info@lloydfonds.de
Internet:     www.lloydfonds.de
ISIN:         DE0006174873
WKN:          617487
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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