euro adhoc: adidas-Salomon AG
Restructuring & Recapitalisations /
adidas-Salomon AG Intends to Place approximately 4.5m Shares
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
03.11.2005
Herzogenaurach - Following approval by the Supervisory Board, the Executive Board of adidas-Salomon AG today decided to increase the companys share capital against contribution in cash, with the exclusion of shareholders pre-emptive rights. The company intends to increase its capital by issuing approximately 4.5 million adidas-Salomon AG common shares by way of an accelerated bookbuild offering to German and international institutional investors (including a placement to qualified institutional buyers in the U.S. in reliance on Rule 144A under the U.S. Securities Act of 1933).
The proceeds of the offering, which amount to approximately EUR 640 million, will contribute to the financing of the acquisition of Reebok International Ltd, which is planned for completion in the first half of 2006.
The size of the offering equates to approximately 10% of the companys outstanding share capital. Deutsche Bank AG and Merrill Lynch International have been appointed to act as Joint Global Coordinators and Joint Bookrunners. Pricing and allocation of the new shares is expected to occur on November 4, 2005.
Media/IR Contacts:
adidas-Salomon AG Adi-Dassler-Str. 1 91074 Herzogenaurach corporate.press@adidas.de investor.relations@adidas.de
Media Relations Jan Runau Head of Corporate PR
Tel.: +49 (0) 9132 84-3830 Anne Putz Corporate PR Manager Tel.: +49 (0) 9132 84-2964 Investor Relations
Natalie M. Knight Head of Investor Relations Tel.: +49 (0) 9132 84-3584
Hendric Junker Investor Relations Manager Tel.: +49 (0) 9132 84-4989
Please visit our corporate website: www.adidas-Group.com
end of announcement euro adhoc 03.11.2005 18:33:24
Further inquiry note:
Dennis Weber
+49 (0)9132 84 2920
dennis.weber@adidas.de
Branche: Recreational & Sports goods
ISIN: DE0005003404
WKN: 500340
Index: Prime Standard, DAX, HDAX, Prime All Share, CDAX
Börsen: Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / official dealing