Pfleiderer AG places capital increase of 10 percent
NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN
Neumarkt, February 4, 2010 – Pfleiderer AG (ISIN DE0006764749) has today placed 5,332,600 new shares out of a share capital increase against cash contributions, which was decided upon by the Executive Board and today received the approval of the Supervisory Board. The capital increase is taking place out of Pfleiderer’s approved capital for a price of 6.50 euros per share and will increase the company’s share capital by 13,651,456 euros from 136,514,816 euros to 150,166,272 euros. The shares have been placed with qualified institutional investors in Germany and abroad, making use of an accelerated bookbuilding process. Shareholders’ subscription rights have been precluded for this capital increase.
The shares over subscribed and were broadly placed with a large number of investors, with particular interest from institutional investors in the United Kingdom and Switzerland. Pfleiderer AG will receive gross proceeds from the issue of 34.7 million euros, which will be used to reduce its financial liabilities. After the capital increase has been entered in the Commercial Register, the new shares are to be approved without prospectus for trading in the official market (Prime Standard) of the Frankfurt Stock Exchange.
“From the recent sale of our treasury shares and this capital increase, we will receive an inflow of 53.2 million euros. This will further enhance the stability of Pfleiderer AG. In any case, we see ourselves as well prepared to cope also with a possible market weakness in 2010 and to emerge as one of the winners from the market consolidation,” stated CEO Hans H. Overdiek on the occasion of the successful capital increase. Indications of gradual market recovery are now apparent in the regions of Western Europe, Eastern Europe and North America. With the issue of new shares, the producer of engineered wood has reached a further milestone in the strengthening of its capital base.
THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY AND CONSTITUTES NEITHER AN OFFER TO SELL NOR AN INVITATION TO MAKE AN OFFER TO BUY OR TO SUBSCRIBE TO SECURITIES. NO PUBLIC OFFER OF SECURITIES OF PFLEIDERER AKTIENGE-SELLSCHAFT, NEUMARKT, IS TAKING PLACE OR IS PLANNED.
THIS PUBLICATION AND THE INFORMATION CONTAINED HEREIN ARE NOT INTENDED FOR DIRECT OR INDIRECT PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN.
THE SECURITIES OF THE COMPANY DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 AS AMENDED (THE “SECURITIES ACT”) OR UNDER SECURITIES LAWS OF ANY FEDERAL STATE OF THE UNITED STATES AND MAY ONLY BE SOLD OR OFFERED FOR SALE WITHIN THE UNITED STATES OF AMERICA ON THE BASIS OF AN EXEMPTION FROM THE DUTY TO REGISTER UNDER THE SECURITIES ACT OR UNDER THE SECURITIES LAWS OF A FEDERAL STATE OF THE UNITED STATES OR IN THE CASE OF SUCH REGULATIONS NOT BEING APPLICABLE. NO PUBLIC OFFER OF SECURITIES IS TAKING PLACE IN THE UNITED STATES OF AMERICA.
Contact:
PFLEIDERER AG, Neumarkt
Fabian Schiffer
Vice President Corporate Communications
Tel.: + 49 (0)9181 / 28 - 8491
Fax: + 49 (0)9181 / 28 - 606
E-Mail: fabian.schiffer@pfleiderer.com
Lothar Sindel
Vice President Investor Relations
Tel.: + 49 (0)9181 / 28 - 8044
Fax: + 49 (0)9181 / 28 - 606
E-Mail: lothar.sindel@pfleiderer.com