DGAP-Adhoc: Gigaset AG: Capital increase and convertible bonds successfully placed - Gigaset receives EUR 42,9 m in equity - conditions for placement of rump shares to backstop investor are met

Gigaset AG  / Key word(s): Capital Increase/Mergers & Acquisitions

15.10.2013 15:55

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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Munich, 15th October 2013. - During the placement offers issued by Gigaset
AG (ISIN DE0005156004) which ended on 14 October 2013, existing
shareholders exercised 12.99% of their subscription rights relating to
new shares and 7.81% of their subscription rights relating to convertible
bonds.

As such, the backstop condition stipulated in the Investor Agreement dated
27th September 2013 between Gigaset AG and Goldin Fund Pte. Ltd.,
Singapore, has been met.

Following the Investor Agreement, Goldin Fund Pte. Ltd., Singapore, will
acquire all remaining 17,028,581 shares which have not been subscribed
to by existing shareholders as well as all 21,518,313 convertible bonds
which have not been subscribed to by existing shareholders at a purchase
price of EUR 1.00 per new share or per convertible bond.

As such, both the capital increase as well as the issuance of the
convertible bond will reach their maximum number of 19,571,049 new shares
and 23,340,289 convertible bonds.

Therefore the Company will receive a total amount of EUR 42.9 million from
both capital measures.

After registration of this capital increase in the commercial registry,
which is expected on or around 21 October 2013, the number of shares issued
by the Company will reach 69,585,960. New shares will be delivered probably
on 22 October 2013, however not before the new shares having been admitted
to stock exchange trading. From this day onwards, new shares shall be
included into the existing listing in the regulated market (Prime Standard)
of Frankfurt's stock exchange.  Delivery of convertible bonds is also
likely to take place on 22 October 2013.

The backstop condition stipulated in the Investor Agreement which is now
fulfilled also is a prerequisite for a takeover bid by Goldin Fund Pte.
Ltd. at a price of EUR 1.00 per Gigaset share and for further capital
measures of Gigaset group companies, which are described in the ad hoc
message published on 27 September 2013 in more details.


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Information and Explaination of the Issuer to this News:

This document is for promotional purposes only and is not a securities
prospectus. Interested investors should make their investment decision with
respect to the securities men-tioned in this document solely on the basis
of information contained in a securities prospectus published by Gigaset AG
in connection with the offering of these securities. Following its
publication, the prospectus will be available free of charge at Gigaset AG,
Hofmannstraße 61, 81379 Munich, or at the company's website
(www.gigaset.ag).

This document does not constitute an offer of securities for sale in the
United States of America (USA) or in any jurisdiction in which such offer
may be restricted. Securities men-tioned in this document may be sold in
the United States only with the prior registration, or an exemption from
registration under the Securities Act of 1933, as amended from time to
time. Gigaset AG does not intend to register the offer of the Securities in
whole or in part in the United States or to execute a public offering of
securities in the United States or elsewhere, except in Germany.

Gigaset AG, Munich, is an internationally operating company in the area of
communications technology. The Company is Europe's market leader in DECT
telephones.

Gigaset AG is listed on the Prime Standard of Deutsche Börse and so is
subject to the very highest requirements for transparency. Its shares are
traded on the Frankfurt Stock Exchange under the symbol 'GGS' (ISIN:
DE0005156004).

Learn more about Gigaset at www.gigaset.ag

Contact:

Gigaset AG

Kerstin Diebenbusch, Investor Relations  
E-mail: info@gigaset.com   
Phone: +49 (0)89 444456-937   

Stefan Zuber, Corporate Communications
E-mail: info.presse@gigaset.com
Phone: +49 (0)89 444456-866 

15.10.2013 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:      Gigaset AG
              Hofmannstraße 61
              81379 München
              Germany
Phone:        +89444456937
Fax:          +89444456930
E-mail:       kerstin.diebenbusch@gigaset.com
Internet:     www.gigaset.com
ISIN:         DE0005156004
WKN:          515600
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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