Linde AG successfully concludes capital increase
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Linde AG /
Linde AG successfully concludes capital increase
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Linde AG successfully concludes capital increase
Munich, 10 July 2012 - Linde AG has today successfully concluded its intended
capital increase with exclusion of the subscription rights of the shareholders
by issuing 12,844,037 new bearer shares via an accelerated bookbuilding process.
The placement price was EUR 109.00 per share. The share capital of the company
has increased by EUR 32,880,734.72 from EUR 440,720,663.04 to EUR
473,601,397.76. The total number of Linde AG shares issued has risen from
172,156,509 to 185,000,546. The new shares will be entitled to the dividend for
the full 2012 financial year. This capital measure has generated proceeds of
around EUR 1.4 bn.
The capital increase is one element of the funding of the intended acquisition
of Lincare Holdings Inc. by Linde AG. The total consideration for the
acquisition is USD 4.6 bn.
"The swift, successful conclusion of the capital increase means that investors
have expressed a real vote of confidence in our company and in the proposed
transaction. We would like to thank them for their confidence," said Georg
Denoke, CFO and member of the Linde AG Executive Board. "We will continue to
implement our financing strategy, which is geared towards safeguarding liquidity
and adopting a long-term approach, a strategy which is rewarded by the rating
agencies. Our stable balance sheet structure will also provide us with every
opportunity in future to maintain Linde's profitable growth in the energy and
environmental sectors as well as in the emerging markets."
The transaction was handled by a banking consortium led by Commerzbank AG,
Deutsche Bank AG, and Morgan Stanley Bank AG as joint bookrunners.
This announcement does not contain or constitute an offer of, or the
solicitation of an offer to buy or subscribe for, securities to any person in
Australia, Canada, Japan, or the United States of America (the "United States")
or in any jurisdiction to whom or in which such offer or solicitation is
unlawful. The securities referred to herein may not be offered or sold in the
United States absent registration under the U.S. Securities Act of 1933, as
amended (the "Securities Act") except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act.
Subject to certain exceptions, the securities referred to herein may not be
offered or sold in Australia, Canada or Japan or to, or for the account or
benefit of, any national, resident or citizen of Australia, Canada or Japan. The
offer and sale of the securities referred to herein has not been and will not be
registered under the Securities Act or under the applicable securities laws of
Australia, Canada or Japan. There will be no public offer of the securities in
the United States.
The tender offer described herein has not yet commenced, and this material is
neither an offer to purchase nor a solicitation of an offer to sell shares of
Lincare Holdings Inc. common stock. At the time the tender offer is commenced,
Linde will file a tender offer statement with the United States Securities and
Exchange Commission (the "SEC"). Lincare Holdings Inc. shareholders are
strongly advised to read the tender offer documents that will be filed with the
SEC because they will contain important information that Lincare Holdings Inc.
shareholders should consider before tendering their shares. These documents will
be available for free at the SEC's website (http://www.sec.gov) and by directing
a request to Linde AG, Klosterhofstraße 1, 80331 Munich, Germany.
The Linde Group is a world-leading gases and engineering company with around
50,500 employees in more than 100 countries worldwide. In the 2011 financial
year, it generated revenue of EUR 13.787 bn. The strategy of The Linde Group is
geared towards long-term profitable growth and focuses on the expansion of its
international business with forward-looking products and services. Linde acts
responsibly towards its shareholders, business partners, employees, society and
the environment - in every one of its business areas, regions and locations
across the globe. The Group is committed to technologies and products that unite
the goals of customer value and sustainable development.
For more information about The Linde Group, see the company's websites at
www.linde.com.
Further information:
Media Investor Relations
Uwe Wolfinger Dr Dominik Heger
Phone: +49.89.35757-1320 Phone: +49.89.35757-1334
Matthias Dachwald Lisa Tilmann
Phone: +49.89.35757-1333 Phone: 49.89.35757-1328
Press Release as PDF:
http://hugin.info/125064/R/1625500/519934.pdf
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Linde AG via Thomson Reuters ONE
[HUG#1625500]
Unternehmensinformation / Kurzprofil:
Datum: 10.07.2012 - 12:41 Uhr
Sprache: Deutsch
News-ID 163867
Anzahl Zeichen: 6118
contact information:
Town:
Munich
Kategorie:
Business News
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