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Daldrup & Söhne AG
Share Issue/Capital Change • Feb 26, 2018
4518_rns_2018-02-26_0d438109-5d12-4426-bd86-f0f6eb846227.html
Share Issue/Capital Change
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News Details
Ad-hoc | 26 February 2018 17:41
Daldrup & Söhne AG intends cash capital increase
Daldrup & Söhne AG / Key word(s): Capital Increase/Letter of Intent
Daldrup & Söhne AG intends cash capital increase
26-Feb-2018 / 17:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
**Publication of insider information
pursuant to Article 17 MAR**
Daldrup & Söhne AG intends cash capital increase
Grünwald / Ascheberg, 26 February 2018 – The Executive Board of Daldrup & Söhne AG (ISIN DE0007830572), drilling technology and geothermal energy specialist, today decided with the approval of the Supervisory Board to carry out a cash capital increase of up to EUR 6.5 million.
The cash capital increase of up to 10 % of the Company’s share capital is to be executed by partially utilizing the authorized capital (Authorized Capital 2013/I) resolved by the Annual General Meeting on 11 July 2013, excluding shareholders’ subscription rights, and the up to 544,500 new shares are to be placed with institutional shareholders by means of an accelerated bookbuilding procedure.
When determining the placement price, the requirements of § 186 (3) sentence 4 AktG are observed, so that the placement price of the new shares is not significantly lower than the stock exchange price.
The new shares are to be fully entitled to dividends as of the financial year 2017, i. e. as of 1 January 2017, and will be included in the existing listing on the SCALE segment of the Frankfurt Stock Exchange once they have been issued.
The resolution of the Executive Board and Supervisory Board of Daldrup & Söhne AG on the implementation of the cash capital increase is expected to be adopted on 27 February 2018 after the conclusion of the investor address.
The proceeds from the issue will be used to implement the ownership structure desired for the Neuried and Puchheim power plant projects.
The transaction is supported by equinet Bank AG as lead manager and joint bookrunner and by MainFirst Bank AG as joint bookrunner.
Contact
Falk v. Kriegsheim
Fon +49 (0)2593-9593-29
www.daldrup.eu
Bavariafilmplatz 7
82031 Grünwald/Geiselgasteig
Germany
26-Feb-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Daldrup & Söhne AG |
| Bavariafilmplatz 7 / Gb. 32 | |
| 82031 Grünwald/Geiselgasteig | |
| Germany | |
| Phone: | +49 (0) 89 / 45 24 37 920 |
| Fax: | – |
| E-mail: | [email protected] |
| Internet: | www.daldrup.eu |
| ISIN: | DE0007830572 |
| WKN: | 783057 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |