Share Issue/Capital Change • Nov 26, 2007
Share Issue/Capital Change
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Corporate | 26 November 2007 11:41
LUDWIG BECK successfully concludes cash capital increase / All new shares already placed
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Capital Increase
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
Munich, November 26, 2007 – Today, the Executive Board of LUDWIG BECK AG
(ISIN DE 0005199905) has announced the conclusion of the cash capital
increase without subscription rights resolved upon on November 23, 2007.
The company issued 335,000 new shares at an issue price of € 13.30 per
share and successfully placed them with INTRO-Verwaltungs GmbH.
The transaction yields a total of approx. € 4.5m to the company. The new
shares qualify for dividends for the full fiscal year 2007. The proceeds
from the capital increase provide the Munich fashion house with a
strengthened equity basis thus optimizing the financial structure in the
long run. In the year 2007 LUDWIG BECK has started to expand the flagship
store at Munich’s Marienplatz. After completion of the 2007/2008 investment
offensive, LUDWIG BECK will have expanded the sales space of its flagship
store at Marienplatz by approx. 10 %.
'It’s safe to say that our strengthened capital basis is very well received
by our investors as well', Dieter Münch, Financial Director at LUDWIG BECK
AG explains. 'This balance sheet restructuring distinctly increases our
entrepreneurial freedom. The fact that we could conclude this capital
measure in such a short time speaks in LUDWIG BECK’s favour, if you
consider the current capital market situation. Furthermore, we put our
shareholder structure on a broader basis. Additionally, this transaction
excluding subscription rights is realisable relatively cost-effectively and
time saving', Dieter Münch concludes. The capital measure was carried out
from authorised capital (according to § 5 para 3 lit. a of the articles of
association of LUDWIG BECK).
After completion of the capital increase, LUDWIG BECK AG shows the
following shareholder structure: Wöhrl AG 26.6 %, ATON GmbH 25.1 %,
INTRO-Verwaltungs GmbH 9.1 %, free float 39.2 %.
For further information, please refer to our corporate website:
www.ludwigbeck.de.
Investor Relations contact:
esVedra consulting GmbH
Metis-Corinna Tarta
t: +49 89 28808-133
f: +49 89 28808-149
[email protected]
Controlling contact:
Ludwig Beck am Rathauseck
Jens Schott
t: +49 89 23 691-798
[email protected]
Language: English
Issuer: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80331 München
Deutschland
Phone: +49 (0)89 2 36 91-0
Fax: +49 (0)89 2 36 91-6 00
E-mail: [email protected]
Internet: www.ludwigbeck.de
ISIN: DE0005199905
WKN: 519990
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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