EANS-Adhoc: Progress-Werk Oberkirch AG
Progress-Werk Oberkirch AG: Company determines subscription price for new shares
from capital increase at EUR 36.50
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Stock Activity
07.05.2012
Progress-Werk Oberkirch AG: Company determines subscription price for new
shares from capital increase at EUR 36.50
Oberkirch, May 7, 2012 - The Management Board of Progress-Werk Oberkirch AG
determined today, with the approval of the Supervisory Board, the subscription
price for the up to 625,000 new shares that can be subscribed exclusively by
the company's shareholders as part of the capital increase resolved on April
23, 2012. The new shares can be subscribed at EUR 36.50 per share. This means a
discount of approximately 9.7% on the Xetra closing price of EUR 40.44 per
share of the company on the Frankfurt Stock Exchange on May 4, 2012.
The period during which the subscription rights can be exercised will expire on
May 14, 2012, 12:00 pm (CEST). Subscription rights not exercised in due time
will lapse worthless. The subscription rights are not tradeable.
Progress-Werk Oberkirch AG
The Management Board
- End of the Ad hoc Announcement -
Information and Explanation of the Issuer on this News:
This announcement constitutes neither an offer to sell nor an invitation to buy
securities. The shares in Progress-Werk Oberkirch Aktiengesellschaft (the
"Shares") may not be offered or sold in the United States or to or for the
account or benefit of "U.S. persons" (as such term is defined in Regulation S
under the Securities Act of 1933, as amended (the "Securities Act")) absent
registration or an exemption from registration under the Securities Act. The
Shares have not been and will not be registered under the Securities Act. No
offer or sale of securities is being made to the public. The offer of the
Shares is addressed solely to the current shareholders of Progress-Werk
Oberkirch Aktiengesellschaft and is not a public offer.
Not for distribution, publication or transmission in or into the United States,
Canada, Japan or Australia.
Further inquiry note:
Bernd Bartmann (CFO)
Phone: +49 7802 / 84-347
Fax: +49 7802 / 84-789
e-Mail: bernd.bartmann@progress-werk.de
end of announcement euro adhoc
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issuer: Progress-Werk Oberkirch AG
Industriestraße 8
D-77704 Oberkirch
phone: +49(0)7802 84-0
mail: info@progress-werk.de
WWW: http://www.progress-werk.de
sector: Automotive Equipment
ISIN: DE0006968001
indexes:
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English