schlott gruppe Aktiengesellschaft / Corporate Action/Capital Increase
10.11.2009
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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schlott gruppe Aktiengesellschaft announces rights issue
- Issuance of new shares as part of the restructuring programme
- Subscription ratio 15:2; EUR4.58
- Subscription period anticipated to commence at the end of November 2009
Freudenstadt, November 10, 2009. On 6 November 2009, the Management Board
of schlott gruppe Aktiengesellschaft passed a resolution for a cash-based
seasoned equity offering with a subscription right for existing
shareholders. The resolution was approved on 10 November 2009 by the
company's Supervisory Board. Utilising part of the existing Authorised
Capital I, the company's share capital is to be increased through the
issuance of 827,226 new shares for cash. The aim of this capital market
transaction is to strengthen the company's equity base. The proceeds from
the issuance of new shares are to be used as part of the restructuring
programme announced by the company and are a component of the overall
financing concept until 2012.
The rights issue for cash is to be underwritten by Landesbank
Baden-Württemberg (LBBW) and offered indirectly to shareholders, under the
provisions set out in the subscription offer, in a ratio of 15:2, i.e. for
each 15 old shares held, shareholders will be entitled to purchase 2 new
shares. The subscription price will be EUR4.58. The new shares will qualify
for potential dividend payments effective from October 1, 2009.
The subscription period for the new shares is anticipated to commence at
the end of November 2009 and run for 14 days, with payment and delivery
taking place subsequent thereto. The subscription offer is to include
provisions specifying that each shareholder, upon exercise of his or her
subscription right, shall be entitled to submit binding purchase
applications for additional new shares. Thus, during the subscription
period shareholders with share subscription rights may, upon exercise of
their subscription rights, submit purchase applications definitively
stating that they wish to acquire additional new shares beyond their
subscription rights at the applicable price of subscription.
To the extent that subscription rights are not exercised for new shares,
the new shares shall be allocated to shareholders insofar as binding
purchase orders for such subscriptions exist. The price of extra shares to
be subscribed within the context of applications for additional shares
shall also be EUR4.58. In the case of oversubscription relating to
applications for additional shares, the new shares shall be allocated pro
rata, taking into account the respective volumes of old shares held.
Neither the company nor LBBW has made any plans for rights trading.
Furthermore, no application has been made with regard to setting a price
for subscription rights at a stock exchange. Therefore, subscription rights
cannot be purchased or sold via a stock exchange.
Not to be distributed in the United States of America or to US persons, in
Canada, Australia, Japan or other countries in which the offer and sale of
securities is governed by legal provisions.
This announcement is intended solely for information purposes and shall not
constitute an offer to sell or the solicitation of an offer to buy
securities. In connection with this transaction, it should be noted that
there has not been, nor will there be, any public offering of the New
Shares. Furthermore, no prospectus will be prepared in connection with the
offering of the New Shares. The New Shares may not be offered to the public
in any jurisdiction in circumstances which would require schlott gruppe
Aktiengesellschaft to prepare or register any prospectus or other offering
document relating to the New Shares in such jurisdiction. The distribution
of this announcement and the offer and sale of the New Shares in certain
jurisdictions may be restricted by law.
This announcement does not constitute an offer to sell or a solicitation of
an offer to purchase any securi-ties in the United States of America. The
securities referred to herein have not been and will not be regis-tered
under the United States Securities Act of 1933, as amended (the 'Securities
Act'), or the securities laws of any State within the United States, and
may not be offered or sold, pledged or otherwise transferred in the United
States for the account or benefit of, US persons, absent registration under
the Securities Act or pursuant to an available exemption from such
registration and applicable state or local securities laws. This
announcement and the information contained herein may not be distributed in
or sent to the United States, or in/to any other jurisdiction in which
offers or sales of the securities described herein would be prohibited by
applicable laws, and must not be distributed to US persons or publications
with a general circulation in the United States. No offering of the New
Shares is being made in the United States.
schlott gruppe AG
Marco Walz
Investor Relations & PR
Tel.: +49 7441 531-230
Fax : +49 7441 531-204
WittlensweilerstraÃe 3
72250 Freudenstadt
Germany
marco.walz@schlottgruppe.de
www.schlottgruppe.de
10.11.2009 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: schlott gruppe Aktiengesellschaft
WittlensweilerstraÃe 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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DGAP-Adhoc: schlott gruppe Aktiengesellschaft announces rights issue
| Source: EQS Group AG