HORNBACH Familien-Treuhandgesellschaft mbH
HORNBACH Familien-Treuhandgesellschaft mbH: Hornbach family announces private placement of one million ordinary shares in KGaA
DGAP-News: HORNBACH Familien-Treuhandgesellschaft mbH / Key word(s): Corporate Action Hornbach Familien-Treuhandgesellschaft mbH
Hornbach family announces private placement Annweiler am Trifels, October 22, 2015. “After the exit of our former strategic partner last year, we acquired the Kingfisher stake with loan financing to secure our ability to determine the future use of the then two million ordinary shares in Hornbach Holding AG. This way, we at all times retained the ability to decide what should happen with this share package provided that the business autonomy of the family-run Hornbach Group was ensured on a permanent basis”, comments Albrecht Hornbach, Managing Director of the family trust. “The family will remain the company’s principal shareholder and will maintain its investment in Hornbach Holding in the long term.” After the secondary placement, the family will hold 43.75% of the share capital of Euro 48 million in the KGaA, which is divided into 16 million listed non-par ordinary bearer shares with voting entitlement. Within the private placement, the family trust has undertaken to comply with a customary market lock-up period of three months. “We believe that this secondary placement will enhance the attractiveness of the Holding shares. Above all, the liquidity of the KGaA ordinary shares stands to benefit from the additional broadening in our investor base”, underlined Albrecht Hornbach. Disclaimer: No measures have been taken that would facilitate an offering of the securities or the circulation or possession of this notification in any state for which purpose measures would be necessary. Persons obtaining possession of this notification must inform themselves about, and observe, any restrictions. In member states of the European Economic Area (“EEA”) that have implemented the Prospectus Directive (in each case a “Relevant Member State”), this notification is addressed exclusively to those persons who constitute “qualified investors” within the meaning of the Prospectus Directive and the addressing of whom does not otherwise trigger any prospectus requirement. For these purposes, the “Prospectus Directive” refers to Directive 2003/71/EC (as amended and applicable, i.e. including the amendments introduced by Directive 2010/73/EU to the extent that such have been implemented in the Relevant Member State). In connection with the placement of shares the placing bank(s) and its/their (respective) affiliated companies may acquire shares on their own accounts and hold or sell such shares on their own accounts. Furthermore, they may conclude financing transactions or swaps in connection with which they periodically buy, hold or sell shares. Unless required by law, there is no intention to disclose such investments or transactions. 2015-10-22 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
404981 2015-10-22 |