euro adhoc: Neschen AG
Restructuring & Recapitalisations
Neschen AG -
capital increase placed completely
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
04.06.2007
At the end of the exercising period for subscription rights on May 31st the capital increase of the subscribed capital of 4,375,000 shares was finalised.
In total 1,949,242 shares were applied for by exercising of subscription rights. For the outstanding 2,425,758 issued shares offers of different potential buyers were on hand.
As communicated in the ad-hoc-announcement of December 21st 2006 the outstanding shares have been allocated on half each (1,212,879 shares) to Bear, Stearns International Limited, London and Värde Investment Partners, L.P., Minneapolis according to the recapitalisation agreement of December 2006.
Therefore further offers could not be considered.
The equal treatment of the shares is expected to take place at the end of July. The shares will then be traded with the same SIN 502130 (ISIN DE 0005021307).
The cash inflow of the capital increase will predominantly be used for the financing of organic growth within the core markets.
end of announcement euro adhoc 04.06.2007 18:02:15
Further inquiry note:
Jan Marzinowski
Tel.: +49 (0)5722 207 153
E-Mail: j.marzinowski@neschen.de
Branche: Process Industries
ISIN: DE0005021307
WKN: 502130
Index: CDAX
Börsen: Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Frankfurter Wertpapierbörse / official dealing/general
standard
Niedersächsische Börse zu Hannover / official dealing