EANS-News: Balda AG Balda AG sets the stage for a partial sale of TPK shares
within the framework of a GDR offering
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Company Information
Bad Oeynhausen (euro adhoc) - Balda AG sets the stage for a partial sale of TPK
shares within the framework of a GDR offering
Bad Oeynhausen, 30 September 2011 - Balda AG, listed on the SDax of the
Frankfurt Stock Exchange, has on September 30 indicated to the Taiwan Stock
Exchange its intention to sell up to 9.5 million shares of the shareholding
held by Balda Investments Singapore (BIS) in the touchscreen producer TPK. In a
joint capital transaction within the framework of a Global Depository
Receipt/GDR-offering both companies intend to place with investors up to 9.5
million existing shares as held by BIS and 16 up to 20 million newly issued
shares from a capital increase decided by TPK today. This joint offering is
expected to be completed successfully in the fourth quarter 2011. JP Morgan
Securities Ltd. and Nomura International (Hong Kong) Ltd. as the consortium
managers will be responsible for the placement.
By selling the shares Balda will be able to partially capitalize on its
investment in TPK in a market-sensitive way. Through the joint offering the
shares shall be sold at adequate conditions. The parties involved act on the
assumption that due to the planned joint placement with selected investors the
recent speculation having influenced the share price development will be
minimized. That should have a positive impact on the proceeds to be expected for
Balda.
* * *
Company profile of Balda AG
The Balda Group develops and produces complete plastic assemblies,
electronicproducts and products for the medical technology industry. Balda´s
customers are leading companies in the mobile phone, consumer electronics,
electronic communications, pharmaceutical and medical technology markets. The
Group is internationally positioned with production sites in China, Malaysia and
Germany. A subsidiary in the USA serves North American customers in
productdesign and development. Within the scope of its shareholding in a leading
touchscreen manufacturer in China, Balda is participating in the dynamic
development of the touchscreen displays market.
* * *
This corporate news announcement contains forward-looking statements, which are
based on the current expectations of Balda´s management. They therefore contain
a range of risks and uncertainties because they relate to future events and
depend on circumstances that will occur in the future, such as, for example,
developments in the mobile communications industry, changes in technology and
the ability to timely and successfully develop new products and various other
factors. Balda will neither revise these forward-looking statements nor correct
them in the event of any unexpected development, unless there is a legal
obligation to do so. This corporate news announcement represents neither an
offer to buy shares nor an invitation to submit an offer to buy shares in the
United States or any other country. The shares in Balda AG (the "shares") may
not be offered or sold in the United States or to or for the account of U.S.
persons (as defined in Regulation S of the U.S. Securities Act of 1933, in its
current version (the "Securities Act")), unless they are registered or are
exempt from registration under the Securities Act. The shares have not been and
will not be registered under the Securities Act.
* * *
Further inquiry note:
Clas Röhl
Tel.: +49 (0) 5734 922-2728
croehl@balda.de
Further inquiry note:
Clas Röhl
Tel.: +49 (0) 5734 922-2728
croehl@balda.de
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: Balda AG
Bergkirchener Str. 228
D-32549 Bad Oeynhausen
phone: +49 (0) 5734 9 22-0
FAX: +49 (0) 5734 922-2747
mail: info@balda.de
WWW: http://www.balda.de
sector: Semiconductors & active components
ISIN: DE0005215107
indexes: CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English