DGAP-News: SAF-HOLLAND S.A.: SAF-HOLLAND S.A. increases equity for further growth
(firmenpresse) - DGAP-News: SAF-HOLLAND S.A. / Key word(s): Capital Increase
SAF-HOLLAND S.A.: SAF-HOLLAND S.A. increases equity for further growth
30.11.2012 / 11:07
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This information is not intended, either directly or indirectly, for
publication in the United States of America, Canada, Japan or Australia.
SAF-HOLLAND S.A. increases equity for further growth
- Capital increase of 10% by issuing 4,123,737 new bearer shares against
cash contribution
- Placement of the new shares at a price of EUR 5.25 per share
- Proceeds of EUR 21.6 million for financing of further growth and
realization of potential strategic options
Luxembourg, November 30, 2012 - SDAX-listed SAF-HOLLAND S.A. (ISIN:
LU0307018795) increases its share capital by approximately 10% via a
capital increase against cash contribution by issuing 4,123,737 new bearer
shares. By means of this capital measure, the share capital is increased
from EUR 412,373.75 to EUR 453,611.12. The number of shares rises from
41,237,375 to 45,361,112.
The capital increase took place within the scope of the authorized capital
resolved in the Extraordinary General Meeting held on June 4, 2012 under
exclusion of shareholders' subscription rights. The new shares bear
dividend entitlement from January 1, 2012.
The company applied for the prospectus-free admission of the new shares to
trading on the regulated market of the Frankfurt Stock Exchange with
simultaneous admission to the Prime Standard. The inclusion of the new
shares in the existing quotation is planned for December 4, 2012.
The new shares were issued to institutional investors (outside the U.S.,
Canada, Japan and Australia) at a price of EUR 5.25 by means of a private
placement via an accelerated bookbuilding process by COMMERZBANK
Aktiengesellschaft. The demand greatly exceeded the supply .
The gross proceeds of EUR 21.6 million after deduction of transaction costs
are to be used to finance further growth in accordance with the business
model of SAF-HOLLAND S.A.
In October of this year, SAF-HOLLAND S.A. issued a bond in the amount of
EUR 75 million. After the repayment of bank loans in the amount of EUR 50
million, EUR 25 million can be used for further growth. Together with the
successful implementation of the capital increase, SAF-HOLLAND S.A. has
financial resources of approximately EUR 45 million to realize potential
strategic options in the Trailer Systems, Powered Vehicle Systems and
Aftermarket business sectors.
'We now have the flexibility to make potential smaller acquisitions to
complement our existing business units. Of course, all possible objectives
must be realistic in relation to price and value.' says Detlef Borghardt,
CEO of SAF-HOLLAND.
The mid-term corporate targets for 2015 remain unaffected by these
measures. Thus, target sales of EUR 1 billion as well as an adjusted EBIT
margin of 10% from organic growth remain in place.
Company profile:
With turnover of approximately EUR 831 million in 2011 and more than 3,000
employees, SAF-HOLLAND Group is one of the world's leading manufacturers
and suppliers of premium product systems and components primarily for
trailers as well as trucks, buses and recreational vehicles. The product
range encompasses axle and suspension systems for trailers, coupling
devices, kingpins and landing legs. SAF-HOLLAND sellsits products on six
continents to Original Equipment Manufacturers ('OEM') in the replacement
parts market and, in the aftermarket business, to the OEM's Original
Equipment Suppliers ('OES'), as well as by means of a global service and
distribution network. SAF-HOLLAND also sells its products to end users and
service centers using this network. SAF-HOLLAND has therefore established
itself as one of the few manufacturers in its sector that is
internationally positioned with an extensive product range and a broad
service network. SAF-HOLLAND S.A. has been listed in the Prime Standard of
the Frankfurt Stock Exchange since June 2007 and has been in the SDAX since
December 2010.
Legal notice
This announcement constitutes neither an offer to sell nor a request to buy
or subscribe for securities in SAF-HOLLAND S.A.. In particular, this
publication is not an offer to buy securities in the United States of
America, in the United Kingdom, Canada, Japan or Australia. In connection
with this transaction no public offer has been or will be made and no
securities prospectus has been or will be issued. This publication is not
intended, either directly or indirectly, for dissemination or distribution
to the United States of America or within the United States of America and
may not be distributed or forwarded to 'U.S. persons' (as defined in
Regulation S of the U.S. Securities Act of 1933 in the applicable version,
'Securities Act') or to publications which are widely available in the
United States of America. The securities are not and will not be registered
in accordance with the provisions of the Securities Act and may only be
sold or offered for purchase in the United States of America with prior
registration in accordance with the provisions of the Securities Act in the
version currently applicable or, in the absence of prior registration, if
an exemption is granted. SAF-HOLLAND S.A. does not intend to make a public
share offer in the United States of America.
Contact:
SAF-HOLLAND GmbH
Claudia Hoellen
Hauptstraße 26
63856 Bessenbach
Phone +49 6095 301-617
claudia.hoellensafholland.de
End of Corporate News
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30.11.2012 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: SAF-HOLLAND S.A.
68-70, boulevard de la Pétrusse
L-2320 Luxembourg
Grand Duchy of Luxembourg
Phone: +49 6095 301 - 0
Fax: +49 6095 301 - 260
E-mail: info(at)safholland.de
Internet: www.safholland.com
ISIN: LU0307018795
WKN: A0MU70
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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195323 30.11.2012
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Datum: 30.11.2012 - 11:07 Uhr
Sprache: Deutsch
News-ID 208424
Anzahl Zeichen: 6302
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Kategorie:
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