SKW Stahl-Metallurgie Holding AG / Capital Increase
30.11.2009
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Press release
Not for distribution, publication or dissemination in the USA
SKW Stahl-Metallurgie Holding AG: Capital increase placed successfully
Unterneukirchen (Germany), November 30, 2009. SDAX-listed SKW
Stahl-Metallurgie Holding AG has placed 2,122,680 shares with its existing
shareholders - based on the subscription offer published in the electronic
federal gazette on November 13, 2009 for a capital increase in a 25:12
ratio: There was so much interest in the new shares that approx. 1.6
million shares were ordered as part of the subscription ratio alone; that
corresponds to a subscription rate of almost 75%. The remaining number of
just up to approx. 0.6 million shares was offset by oversubscription
requests by shareholders for approx. 2.0 million shares; that corresponds
to an oversubscription rate of almost four times for the subscriptions
above the ratio. As a result, it was not possible to meet all of the
shareholders' oversubscription requests; existing shareholders'
oversubscription requests are distributed arithmetically and with respect
to equal treatment in proportion to the pertinent subscription rights. As a
result of this high total demand for approx. 3.6 million shares, the
Managing and Supervisory Boards of SKW Stahl-Metallurgie Holding AG
resolved on the evening of November 30 to change the by-laws to reflect the
increase in share capital.
The capital increase lifts SKW Stahl-Metallurgie Holding AG's share capital
from a current total of EUR 4,422,250 to EUR 6,544,930. The new shares
carry profit-participation rights from January 1, 2009 and were offered to
shareholders at a subscription price of EUR 11.50 per share from November
16, 2009 to November 30, 2009.
As a result of this transaction, gross proceeds of around EUR 24.4 million
accrued to SKW Stahl-Metallurgie Holding AG. These proceeds will be used i.
a. to finance the equity component of the acquisition of a two-thirds
interest in the Brazilian company Tecnosulfur. The banks engaged with the
transaction were M.M.Warburg & CO and Landesbank Baden-Württemberg (LBBW),
which were mandated on an equal footing.
Once the capital increase has been entered in the commercial register,
which is scheduled for the coming days, the resolution for the listing of
the new shares is expected to be issued on December 4, 2009. It is intended
to include all of the new shares in the existing listing for the old shares
on Frankfurt Stock Exchange (Germany) on December 7, 2009.
Contact person:
SKW Stahl-Metallurgie Holding AG
Christian Schunck
Head of IR and Group Communication
Fabrikstrasse 6
84579 Unterneukirchen
Germany
Tel.: +49 8634 -617596
Fax: +49 8634-617594
E-Mail: schunck@skw-steel.com
Internet: www.skw-steel.com
DISCLAIMER
This press release is intended for publication exclusively in Germany and
other select countries. It many not be distributed or disseminated, either
in full or in part, in the following countries, nor may it be published or
made otherwise accessible: The US, Canada, Japan, Australia, and any other
country in which this type of activity is legally restricted or prohibited,
and any of the above countries' dependent territories.
This press release contains statements on future developments that are
based on currently available information and involve risks and
uncertainties that could cause the actual results to differ from these
forward-looking statements. These risks and uncertainties include, for
example, unpredictable changes in political and economic conditions,
particularly in the steel and paper industry, the competitive situation,
interest and currency risks, technological development as well as other
risks and unexpected circumstances. SKW Stahl-Metallurgie Holding AG and
its Group companies accept no obligation to update such forward-looking
statements.
SKW Stahl-Metallurgie Holding AG
Christian Schunck
Head of IR and Group Communication
Fabrikstrasse 6
84579 Unterneukirchen
Germany
Tel.: +49 8634 -617596
Fax: +49 8634-617594
E-Mail: schunck@skw-steel.com
Internet: www.skw-steel.com
30.11.2009 Financial News distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: SKW Stahl-Metallurgie Holding AG
Fabrikstrasse 6
84579 Unterneukirchen
Deutschland
Phone: +49 (0)8634 61 511
Fax: +49 (0)8634 61 513
E-mail: info@skw-steel.com
Internet: www.skw-steel.com
ISIN: DE000SKWM013
WKN: SKWM01
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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DGAP-News: SKW Stahl-Metallurgie Holding AG: Capital increase placed successfully
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