VBH Holding GmbH
VBH Holding Aktiengesellschaft: Capital and financing
VBH Holding Aktiengesellschaft / Key word(s): Corporate Action/Financing 30.04.2015 20:03 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Korntal-Münchingen June 30th 2015: The Board of Directors decided today to propose to the shareholders at the next Annual General Meeting the resolution on a simplified capital reduction followed by a capital increase for cash (cash capital increase) for all shareholders' statutory with subscription rights to be granted and under which the company cash amounting to EUR 26 million will be collected. To carry out the capital increase, VBH Holding AG has completed today with each of its three largest shareholders (in total 79 % of all shares) bilateral agreements, which oblige these major shareholders to subscribe for the capital increase in full in the amount of EUR 26 million combined with an appropriate contribution obligation, even if the other shareholders should make no use of their subscription rights. Simultaneously, VBH Holding AG signed a term sheet with the syndicated banks in which the key aspects (terms and conditions) of a new syndicated loan agreement are determined. Based on this term sheet the completion of the new syndicated loan is scheduled for June, 30th 2015. The agreement concluded with the principal shareholders in bilateral agreements and the conclusions of the new syndicated loan agreement are underlying different conditions. To present knowledge of the Board of Directors the fulfillment of these conditions are more likely than not. The Board of Directors welcomes the agreements concluded with the principal shareholders as the targeted new orientation of VBH Group is made possible through funding provided by the main shareholders. contact: Jürgen Kassel CFO ++49/7150-15200 30.04.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: VBH Holding Aktiengesellschaft Siemensstraße 38 70825 Korntal-Münchingen Germany Phone: 07150-15-204 Fax: 07150-15-376 E-mail: g.weber@vbh.de Internet: www.vbh.de ISIN: DE0007600702 WKN: 760070 Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found