DGAP-Ad-hoc: Gesco AG / Key word(s): Capital Increase/Capital Increase
Wuppertal, 21 March 2017 - By way of accelerated bookbuilding, GESCO AG, a company listed in the Prime Standard, successfully placed a total of 864,499 new GESCO shares with German and international institutional investors. Demand exceeded supply several times. The shares were placed at a price of EUR 23.50 per share. The issue volume amounts to approximately EUR 20 million. Frankfurt-based investment bank equinet acted as sole lead manager and sole bookrunner for the transaction.
With the approval of the Supervisory Board, the Executive Board of GESCO AG today resolved to conduct a capital increase by issuing 864,499 new shares. The new shares will have full dividend rights for financial year 2016/2017, meaning from 1 April 2016. Shareholders' subscription rights were excluded.
Entry of the capital increase in the commercial register at Wuppertal district court as well as the admission of the new shares to trading will be initiated immediately.
The proceeds from the capital increase will be used to further strengthen GESCO AG's equity following the acquisition of the Pickhardt & Gerlach Group, Finnentrop, which was finalized in January 2017, and broaden the platform for the further internal and external growth of the GESCO Group.
The information contained in this notification is not for publication or transmission in Canada, Australia or Japan and does not constitute an offer of the purchase of securities in these countries.
The issuing of shares and the distribution of this notification and other information connected with the issuing in certain legal systems may be subject to statutory restrictions and anyone finding themselves in possession of documentation cited in this notification or other information should be informed of and observe all such restrictions. Non-observance of these restrictions may constitute a violation of the Securities Trading Act of the legal system concerned.
This notification does not constitute an offer of the purchase of securities in the United States of America. In the United Kingdom, this notification will only be distributed to (i) professional investors categorised as such under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, and (ii) companies and persons of high net worth categorised as such under Article 49(2)(a) to (d) of the Order (such persons are categorised as "qualified persons"). All securities referred to herein are only available to qualified persons and order, offer or agreement regarding the procurement, purchase or other method of acquisition of such securities shall only be entered into with qualified persons. Persons not categorised as qualified persons should never act in respect of or trust in this notification or its content.
This notification does not constitute an offer of the purchase of securities in Germany and is not classified as a sales prospectus under the Securities Prospectus Act, the European Commission directive No. 809/2004 of 29 April 2004 or any other applicable legal provision governing the issue, offer and sale of securities in Germany.
The information contained in this notification is not for transmission in the United States of America or within the United States of America.
Investor Relations, Oliver Vollbrecht
21-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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|End of Announcement||DGAP News Service|
556097 21-March-2017 CET/CEST