DGAP-News: Ultrasonic AG: Ultrasonic AG again offers option dividend model to shareholders
(firmenpresse) - DGAP-News: Ultrasonic AG / Key word(s): Dividend
Ultrasonic AG: Ultrasonic AG again offers option dividend model to
shareholders
30.04.2013 / 10:10
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Ultrasonic AG again offers option dividend model to shareholders
- Shareholders to receive one bonus share per 20 existing shares
- Ultrasonic AG will offer buy-back of bonus shares to shareholders
Cologne, April 30, 2013 - In view of the success of the concept and the
high take-up rate in 2012, the Management Board and Supervisory Board of
Ultrasonic AG (Prime Standard, ISIN: DE000A1KREX3, US5) will put forward a
proposal for an 'option dividend' concept at this year's Annual General
Meeting (AGM) on 7 June 2013 as well.
To this end, they will propose a capital increase out of company funds,
with each shareholder receiving one new no-par share (bonus share) for
every 20 existing shares. The company will then make a public tender offer
to all shareholders to buy back the bonus shares. The purchase offer will
be restricted to the bonus shares. Restricting the share buy-back to the
bonus shares is designed to ensure that from the shareholders' viewpoint
the economic position is as close as possible to a dividend payment. The
purchase price for the bonus shares under the tender offer may not be more
than 5% above or below the volume-weighted average trading price of
ULTRASONIC shares in Xetra trading on the last five trading days before the
date on which the offer is published. The maximum price is EUR 10.50 per
bonus share.
Shareholders, who intend to accept the proposed tender offer, would realize
a calculated profit participation of about EUR 0.50 to EUR 0.525 per share,
based on a potential buy-back price within a range between EUR 10.00 and
EUR 10.50.
With regard to the volume of the proposed public tender offer to the
shareholders, it should be noted that the major shareholder has given the
company a binding legal undertaking not to sell any shares into the offer.
Shareholders will be free to decide whether or not to take up this tender
offer. Shareholders who do not accept the offer simply keep the bonus
share(s).
Through the implementation of this profit participation approach,
Ultrasonic AG aims to bring different shareholder interests into harmony,
such as the very different preferences of shareholders, for shares on one
hand and to pay out earnings on the other hand.
The issue of the bonus shares and the public tender offer shall be
completed until the end of September 2013. The full notice of the AGM will
be published by Ultrasonic AG at short notice.
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. The Group has around 1,450 employees
and operates in three market segments, each of which currently contributes
about a third of revenue. ULTRASONIC produces sandals and slippers for the
upper price segment for the local and international market. It is also a
long-term supplier of shoe soles to leading manufacturers in the
established Chinese sport shoe industry such as Anta, Xtep and Unisuper.
Moreover, the company has developed its own very successful high-quality
urban footwear collection which is marketed under the ULTRASONIC brand and
targets China's young, fashion-conscious urban middle class, which has high
purchasing power and expects high quality. The ULTRASONIC product line is
currently marketed via more than 100 mono-label shops. The ULTRASONIC Group
has reported a compound annual growth rate (CAGR) of 31 percent per year
since 2009. In 2012 it generated sales of around EUR 149 million and a net
profit of EUR 30.8 million.
For further information about the company visit: www.ultrasonic-ag.de
For enquiries:
Ultrasonic AG
Chi Kwong Clifford Chan
Vorstand und CFO
E-Mail: ir(at)ultrasonic-ag.de
Tel.: +86 1525 947 9902 (China), +852 966 227 40 (Hong Kong)
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.
End of Corporate News
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30.04.2013 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,
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Language: English
Company: Ultrasonic AG
c/o BPG mbH, Graf-Adolf-Platz 12
40213 Düsseldorf
Germany
Phone: +86 1525 947 9902 (China); +852 966 227 40 (Hong Kong)
Fax: +49 (0)211 172 9829
E-mail: ir(at)ultrasonic-ag.de
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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209076 30.04.2013
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