DGAP-News: schlott gruppe successfully completes seasoned equity offering

 | Source: EQS Group AG EQS Group AG 

schlott gruppe Aktiengesellschaft / Corporate Action/Capital Increase

29.12.2009 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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schlott gruppe successfully completes seasoned equity offering

- Extensive support by principal shareholders
- Financing package secured until 2011/12

Freudenstadt, 29 December 2009. The rights issue by schlott gruppe, as
offered to shareholders in the period from 10 to 23 December 2009, was
yesterday entered in the Commercial Register. Thus, the seasoned equity
offering has now been successfully completed, and the company will receive
the anticipated proceeds of EUR3.8 million.

The injection of capital forms an integral part of the company's
refinancing package with regard to equity. Within the parameters of
projected business performance and the restructuring measures announced by
schlott gruppe, the Group's refinancing, including associated restructuring
charges, has now been secured up until 2011/12.

The majority of new shares issued were subscribed by the principal
shareholders of schlott gruppe within the context of the possibility to
subscribe those shares not taken up by other rights holders. Together with
other shareholders who exercised their subscription rights, the company's
principal shareholders thus underlined their long-term commitment to the
enterprise and reaffirmed their conviction that schlott gruppe has
initiated appropriate measures to address the issue of structural change
within the European printing industry.

Heiko Arnold, Chief Financial Officer of schlott gruppe: 'I would like to
express my gratitude, also on behalf of my fellow members of the Management
Board, for the support given by our shareholders. Indeed, the disposition
of our shareholders to make contributions is to be seen as a significant
part of our restructuring package. Drawing on this support, we can now
focus on further implementing the measures planned by the company. By
substantially reducing our capacity levels and scaling back costs, we will
adapt our business to changed market conditions within today's printing
industry to come into a position to return to sustainable profitability.'


schlott gruppe AG
Marco Walz
Investor Relations & PR
Wittlensweilerstraße 3
72250 Freudenstadt
Germany
Phone: +49 7441 531-230
Fax: +49 7441 531-204
marco.walz@schlottgruppe.de
www.schlottgruppe.de 




29.12.2009  Ad hoc announcement, Financial News and Media Release 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:      schlott gruppe Aktiengesellschaft
              Wittlensweilerstraße 3
              72250 Freudenstadt
              Deutschland
Phone:        +49 (0)7441 531-230
Fax:          +49 (0)7441 531-204
E-mail:       marco.walz@schlottgruppe.de
Internet:     www.schlottgruppe.de
ISIN:         DE0005046304
WKN:          504630
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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