DGAP-Adhoc: Hoeft & Wessel AG: capital measures approved at Extraordinary General

 | Source: EQS Group AG EQS Group AG 

Höft & Wessel AG  / Key word(s): AGM/EGM/Corporate Action

18.07.2013 18:07

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Hannover/Germany, 18/07/2013. The Extraordinary General Meeting of Hoeft &
Wessel AG today approved the capital measures, thus providing the basis for
the entry of an investor. First of all, the Company's capital was reduced
on a 5-to-1 basis and then increased on a 1-to-5 basis in connection with
the grant of subscription rights to the existing shareholders. Moreover, a
resolution was passed to fix the number of the member of the supervisory
board to three members. As a result, the shareholders approved all the
resolutions which had been proposed by the company in the invitation to the
Extraordinary General Meeting dated 11 June 2013 in the Bundesanzeiger.

With this capital increase, the Company will be able to gain fresh capital
of up to EUR 8.5 million from a long-term investor and thus complete its
refinancing efforts and the restructuring of its balance sheet.


Contact:
Hoeft & Wessel AG
Dr. Arnd Fritzemeier
+49 511 6102-300
IR@hoeft-wessel.com


18.07.2013 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:      Höft & Wessel AG
              Rotenburger Str. 20
              30659 Hannover
              Germany
Phone:        +49 (0)511-6102-0
Fax:          +49 (0)511-6102-411
E-mail:       info@hoeft-wessel.com
Internet:     www.hoeft-wessel.com
ISIN:         DE0006011000
WKN:          601100
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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