Franconofurt AG
Franconofurt AG: Shareholders owning 27.1% of Franconofurt AG intend to sell their shares
Franconofurt AG / Key word(s): Miscellaneous
Franconofurt AG Corporate News – April 4, 2012 Shareholders owning 27.1% of Franconofurt AG intend to sell their shares The executive board of Franconofurt AG was informed by Mr. Albrecht von Witzleben, London, United Kingdom, that shareholders owning a block of 2,006,000 shares of Franconofurt AG intend to sell their shares and subsequently have appointed Lincoln International AG, Frankfurt am Main (Lincoln International) as advisor. Lincoln International will advise and sell these shares. The block of shares intended to be sold comprises 27.1% of the share capital of Franconofurt AG consisting of a nominal amount of EUR 7,400,000 divided into 7,400,000 shares. According to information provided by Mr. von Witzleben it was agreed between the group of shareholders intending to sell their shares and Lincoln International that the block of shares will be sold under the condition that until October 31st, 2012 a binding offer to purchase the shares at a minimum price of EUR 9.00 per share is received. The group of shareholders intending to sell the block of shares have agreed until October 31st, 2012 not to command otherwise over the block of shares. According to information provided by himself, Mr. Albrecht von Witzleben is acting as speaker of the group of shareholders intending to sell the block of shares. The group of shareholders is willing to accept outside shareholders wishing to join the shareholder group that intends to sell their shares. Franconofurt AG is not contractual or legal party and affirms its neutral stance towards this transaction initiated by the group of shareholders. End of Corporate News 04.04.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s 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: | Franconofurt AG | |
Rossmarkt 11 | ||
60311 Frankfurt am Main | ||
Germany | ||
Phone: | +49 (0)69 920 374 100 | |
Fax: | +49 (0)69 920 374 101 | |
E-mail: | sen@franconofurt.de | |
Internet: | http://www.franconofurt.de | |
ISIN: | DE0006372626 | |
WKN: | 637262 | |
Listed: | Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Entry Standard in Frankfurt | |
End of News | DGAP News-Service |
163859 04.04.2012 |