LAIQON AG — Share Issue/Capital Change 2011

Oct 21, 2011

News Details

Ad-hoc | 21 October 2011 23:18

Lloyd Fonds Aktiengesellschaft: Capital increase of EUR 15 million with participation of US investor

Lloyd Fonds Aktiengesellschaft / Key word(s): Capital Increase

21.10.2011 23:18

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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• Substantial improvement in capital structure thanks to equity issue with
  full subscription rights

• New investor seeks strategic investment and underwrites equity issue

• Completion of restructuring: issuing proceeds planned to be used for
  payment of release compensation

• Reduction of earnings forecast

The Management Board of Lloyd Fonds, acting with the approval of the
Supervisory Board, passed a fundamental resolution on Friday, October 21,
2011, advising the shareholders to raise the Company's capital by up to EUR
15.0 million by issuing up to 15.0 million new shares. Within the scope of
the equity issue, the U.S. investment company AMA Capital Partners LLC
plans to acquire a stake of up to 49.9 percent in Lloyd Fonds AG via ACP
Fund V LLC (ACP) and, subject to certain terms and conditions, has
undertaken to subscribe all shares not yet acquired relating to the capital
increase up to the participation level of 49.9 percent. The prerequisites
for the investment of AMA, among others, are that AMA must acquire a stake
of at least 30 percent, that the German Federal Financial Supervisory
Authority will release AMA from its duty to submit a takeover bid and that
an agreement is reached with the banks on the final release compensation
payable. This equity issue marks the successful completion of Lloyd Fonds
AG's restructuring efforts and will lay the foundations for the company's
further development. Part of the proceeds from the issue are to be used to
settle the liability release agreement signed with the banks in April 2010
successfully and conclusively.

At the extraordinary shareholder meeting convened for December 5, 2011, a
resolution approving the issue of new equity of up to EUR 15.0 million with
full subscription rights for EUR 1.00 per share is to be passed.

Given the protracted investor restraint, Lloyd Fonds will no longer be able
to achieve its original full-year equity placement forecast for 2011.
Accordingly, the Management Board assumes that it will not be able to
report a consolidated profit as of the end of 2011.

Contact:
Marcel Wiskow
Lloyd Fonds AG
Amelungstraße 8-10
20354 Hamburg
Tel: +49-40-325678-0
Fax: +49-40-325678-99
Mail: ir@lloydfonds.de

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Language: English
Company: Lloyd Fonds Aktiengesellschaft
Amelungstr. 8-10
20354 Hamburg
Germany
Phone: +49 (0)40 32 56 78-0
Fax: +49 (0)40 32 56 78-99
E-mail: info@lloydfonds.de
Internet: www.lloydfonds.de
ISIN: DE0006174873
WKN: 617487
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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