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ALIZF Allianz Ag Muenchen Namen (PK)

293.90
3.77 (1.30%)
Last Updated: 16:02:31
Delayed by 15 minutes
Share Name Share Symbol Market Type
Allianz Ag Muenchen Namen (PK) USOTC:ALIZF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.77 1.30% 293.90 281.22 293.90 293.90 293.90 293.90 1 16:02:31

Heidelberger Druck To Issue 155,286,868 New Shares To Boost Cap

12/09/2010 7:11pm

Dow Jones News


Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
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Heidelberger Druckmaschinen AG (HDD.XE) Sunday said its management board has decided to increase the company's share capital to EUR597,325,573.12 from EUR199,791,191.04 by EUR by issuing 155,286,868 new, no-par value bearer shares.

Each share will have a notional interest of EUR 2.56 in the share capital.

MAIN FACTS:

-The Management Board has set out the subscription price, the subscription

ratio and the subscription period.

-The subscription price amounts to EUR2.70.

-The new shares will be offered to the shareholders at a subscription

ratio of 1:2, i.e. one existing share entitles to subscribe for two new

shares.

-The subscription period shall last from September 14, 2010 until

September 27, 2010 (each time inclusive of the said date).

-Trading of subscription rights is intended from September 14, 2010 until September 23, 2010.

-The new shares shall be admitted to the regulated market at the Frankfurt

Stock Exchange with simultaneous admission to the Prime Standard sector of

the Frankfurt Stock Exchange.

It is currently envisaged to include the new

shares into the existing listing for the shares of the company on September

28, 2010.

-Heidelberg intends to use the net proceeds of the offering of the new

shares entirely to reduce its financial liabilities and to strengthen the

equity base of the company.

-Allianz SE (ALV.XE) has irrevocably undertaken vis-à-vis Heidelberg and the Global Coordinators subject to certain conditions to fully accept the subscription offer in connection with the capital increase in the amount of the participations held by its group companies.

-In order to participate in the capital increase, RWE AG (RWE.XE) has sold part of its shares on the stock exchange.

-RWE AG plans to sell more of its shares off-exchange prior to the commencement of the subscription period via an appointed bank in an amount enabling RWE AG to subscribe for the new shares assigned to it using the total proceeds from the sale of the old shares (without using other internally generated funds).

-COMMERZBANK Aktiengesellschaft and Deutsche Bank Aktiengesellschaft, acting as Global Coordinators, as well as BNP Paribas, HSBC Trinkaus & Burkhardt, LBBW and WestLB have agreed to underwrite and subscribe for the new shares and to offer them to the shareholders under an indirect subscription right.

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 
 
 

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