DGAP-Media: Axel Springer AG treasury shares and Axel Springer shares held by Deutsche Bank placed at EUR 92.00 per share
(firmenpresse) - Axel Springer AG / Key word(s): Finance
24.09.2010 13:37
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Neither this announcement nor the information contained herein is being
issued in the United States of America, Australia, Canada or Japan and
neither this announcement nor the information contained herein may be
distributed in the United States of America, Australia, Canada or Japan.
September 24, 2010
Axel Springer AG treasury shares and Axel Springer shares held by Deutsche
Bank placed at EUR 92.00 per share
The placement of Axel Springer treasury shares and Axel Springer AG shares
held by Deutsche Bank Luxembourg S.A. has been successfully completed. As
announced on September 23, 2010, a total of 5,481,751 shares, thereof
2,730,572 Axel Springer AG treasury shares, were offered in a private
placement to German and international institutional investors. The offered
shares representing in total approximately 16.6 percent of the Axel
Springer AG share capital were placed at a price of EUR 92.00 per share.
Going forward, the free float in the company's shares will be approximately
41 percent. The company expects that the share will become even more
attractive for the capital markets due to higher trading liquidity. Axel
Springer AG will receive proceeds of approximately EUR 250 million from the
sale of treasury shares. The Group intends to use the proceeds to fund its
on-going digitization and internationalization strategy.
Lothar Lanz, Chief Operating Officer&Chief Financial Officer of Axel
Springer AG: 'We are pleased with the positive investor response to the
share placement. This is a clear signal that the capital markets appreciate
our successful digitization and internationalization strategy. The increase
of the free float to more than 40 percent is an important step for Axel
Springer. The company now has a broader shareholder structure which ideally
combines capital markets focus and long-term stability.'
Disclaimer:
Neither this announcement nor the information contained herein constitutes
an offer to sell or the solicitation of an offer to purchase any
securities. In particular, this announcement is not an offer of securities
for sale in the United States, Australia, Canada or Japan. Securities may
not be offered or sold in the United States absent registration or an
exemption from registration. A public offering in the United States must be
made by means of a prospectus that would contain detailed information about
the Company and management, as well as financial statements. Neither the
Company nor the selling shareholder intends to register any portion of the
offering of its securities in the United States or to conduct a public
offering in the United States.
Press contact:
Edda Fels
Tel: + 49 (0) 30 25 91-7 76 00
edda.fels(at)axelspringer.de
This press release can be viewed at www.axelspringer.com.
24.09.2010 13:37 Dissemination of a Press Release, 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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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Axel SpringerAG
Axel-Springer-Straße 65
10888 Berlin
Deutschland
Internet: www.axelspringer.de
End of Announcement DGAP-Media
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Datum: 24.09.2010 - 13:37 Uhr
Sprache: Deutsch
News-ID 32252
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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