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WashTec AG — Capital/Financing Update 2005
May 2, 2005
483_rns_2005-05-02_ecf6730d-f51a-40b2-b340-6e3429194a65.html
Capital/Financing Update
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Ad-hoc | 2 May 2005 20:04
WashTec wants to strengthen equity base
WashTec AG / Key word(s): Issue of Equity
02.05.2005 / 20:04
Augsburg, May 2, 2005 – The Executive Board and Supervisory Board of WashTec AG today agreed to propose a EUR30 million increase in the share capital from EUR20 million to EUR50 million to the shareholders at the Annual General Meeting on June 15th 2005 at a 2:3 subscription ratio by issuing 11,400,000 new bearer shares. The resolution regarding the implementation of a capital increase against cash contributions from 2004 shall be cancelled and replaced by the new resolution. The shareholders will be offered the new shares at a subscription price to be established before the capital increase. In order to increase the transaction certainty the shareholders Edelmar Vermögensverwaltung GmbH, Achernar Vermögensverwaltung GmbH and Augias Vermögensverwaltung GmbH, which together currently hold around 37 % of the shares in WashTec AG, shall be permitted a contribution in kind by contributing loans granted to WashTec Group. The capital increase shall be implemented promptly following the adoption of the resolution by the Annual General Meeting on condition of a positive capital market environment.
The agenda for the Annual General Meeting will be available to download at www.washtec.de from May 6, 2005.
Contact:
Karoline Kalb, Investor Relations
WashTec AG
Argonstraße 7
86153 Augsburg
Tel.: +49 (0)821 – 55 84 – 0
Fax: +49 (0)821 – 55 84 – 12 06
End of ad hoc announcement
02.05.2005 DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | WashTec AG |
| Argonstraße 7 | |
| 86153 Augsburg | |
| Germany | |
| Phone: | +49 (0)821 55 84-0 |
| Fax: | +49 (0)821 55 84-1135 |
| E-mail: | [email protected] |
| Internet: | www.washtec.de |
| ISIN: | DE0007507501 |
| WKN: | 750750 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 478 02.05.2005 |