DGAP-News: Ultrasonic AG: Public tender offer for bonus shares ends
(firmenpresse) - DGAP-News: Ultrasonic AG / Key word(s): Share Buyback/Transaction in
Own Shares
Ultrasonic AG: Public tender offer for bonus shares ends
24.09.2012 / 09:30
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Public tender offer for bonus shares ends
- Ultrasonic AG has repurchased 5.5% of the bonus shares previously
issued by the company
- Bonus shares expected to be converted to main ISIN on 28 September 2012
Cologne, 24 September 2012 - Under a public tender offer which ended on 17
September 2012, 45,416 bonus shares previously issued by Ultrasonic AG
(Prime Standard, ISIN DE000A1KREX3, US5), the German holding company of an
established Chinese producer and supplier of branded urban footwear
products, were tendered to the company by shareholders for repurchase at a
price of EUR 8.40 per share. The tender ratio was 5.5%.
The public repurchase offer was limited to a maximum of 190,000 bonus
shares as some shareholders had previously given a binding undertaking that
they would not sell their shares under the offer. The shares not
repurchased by the company remain the property of the shareholders. The
total shares repurchased amount to about 0.4% of the share capital of
Ultrasonic AG. They will not initially be withdrawn, but will be held by
Ultrasonic AG. The company reserves the right to utilise the shares on the
basis of the resolutions adopted by the Annual General Meeting on 6 July
2012.
The bonus shares will probably be converted from the interim ISIN
designation DE000A1PG6H1 for 'redeemable shares' to main tradable
designation ISIN DE000A1KREX3 and included in the current listing of the
company's shares in the Prime Standard on the Frankfurt Stock Exchange on
28 September 2012. Ultrasonic AG has thus fully implemented its profit
participation concept for shareholders in the third quarter as announced.
Full details of the share repurchase offer are available on the website of
Ultrasonic AG at Investor Relations/Ultrasonic Stock/Profit Participation.
About Ultrasonic
The Cologne-based company Ultrasonic AG is the German holding company of
the Chinese Ultrasonic Group, an established manufacturer and supplier of
high-quality branded urban footwear. With around 1,400 employees the Group
operates in three market segments, each of which contributes about a third
to the Group's revenue. Ultrasonic produces sandals and slippers for the
upper price segment and is a long-term supplier of shoe soles for leading
manufacturers in the booming Chinese sport shoe industry, for example Anta,
Xtep and Unisuper. Moreover, the company has successfully established its
own 'Urban footwear' collection which is marketed under the ULTRASONIC
brand and is specifically designed to meet the needs and taste of China's
growing urban middle class. Ultrasonic's branded urban footwear collection
is currently marketed in more than 90 Ultrasonic mono-label shops, which
achieve selling prices in a range from RMB 400 to RMB 1,200 per pair,
equivalent to approx. EUR 50 to EUR 140. Within the last three years
Ultrasonic's business had a compound annual growth rate of more than 34.4
percent. In FY 2011, the company generated total revenues of EUR 119.4
million and achieved a net profit of EUR 24.9 million.
For further information about the company visit: www.ultrasonic-ag.de
Disclaimer:
This document is no offer for the purchase of securities in the United
States of America.Securities may only be sold or offered for sale with the
previous registration under the U.S. Securities Act of 1933 in the actual
valid version or without previous registration only pursuant to an
exemption. The shares of Ultrasonic AG (the 'Shares') have not been
registered under the U.S. Securities Act of 1933 in the actual valid
version and may not be sold or offered in the United States.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares,
which are referred to, are only available to relevant persons and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire
such securities will be engaged in only with, relevant persons. Any person
who is not a relevant person should not act or rely on this document or any
of its contents.
For Enquiries:
Ultrasonic AG
Chi Kwong Clifford Chan
Member of the Management Board and CFO
Email: clifford.chan(at)suoli.cc
Phone +86 1525 947 9902 (China)
Phone +852 966 227 40 (Hong Kong)
End of Corporate News
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24.09.2012 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
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Language: English
Company: Ultrasonic AG
c/o BPG Beratungsund Prüfungsgesellschaft mbH,
Graf-Adolf-Platz 12
40213 Düsseldorf
Germany
Phone: +49 (0)211 172 980; +86 1525 947 9902 (China); +852 966
227 40 (Hong Kong)
Fax: +49 (0)211 172 9829
E-mail: clifford.chan(at)suoli.cc
Internet: www.ultrasonic-ag.de
ISIN: DE000A1KREX3
WKN: A1KREX
Indices: CDAX, Classic All Share, DAXsector All Consumer, DAXsector
Consumer, DAXsubsector All Clothing&Footwear,
DAXsubsector Clothing&Footwear, Prime All Share
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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