DGAP-News: Sky Deutschland AG: Results of rights offering
(firmenpresse) - Sky Deutschland AG / Key word(s): Capital Increase
28.09.2010 18:07
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* Sky Deutschland issues 168,937,926 new shares by way of rights offering
* Gross proceeds amount to approximately EUR 177.4m
* Increase of nominal share capital from EUR 539.2m by EUR168.9m to
EUR708.1m
* News Corporation increases its shareholding to 49.90 percent
* First day of trading of new shares expected on 1 October 2010
Munich, 28 September 2010. Sky Deutschland AG is publishing the results of
its rights offering announced on 2 August and 12 September 2010. The
subscription period ended yesterday. A total of 168,937,926 of the
269,580,929 new shares offered were placed at a price of EUR 1.05 per new
share. 35.8 percent of the new shares were placed with investors other than
News Corporation. 64.2 percent were placed with Sky Deutschland's major
shareholder News Adelaide Holdings B.V., a fully-owned indirect subsidiary
of News Corporation. As a result, the shareholding of News Corporation in
Sky Deutschland will increase from 45.42 percent to 49.90 percent upon
registration of the capital increase.
Upon registration of the new shares in the commercial register, Sky
Deutschland's registered nominal share capital will increase by
EUR168,937,926 from EUR 539,161,858 to EUR 708,099,784. The new shares have
a notional value of EUR 1.00 per share.
The rights offering will generate gross proceeds of approximately EUR
177.4m upon closing. As announced on 2 August 2010, the rights offering is
the first part of Sky Deutschland's planned new financing measures to raise
gross proceeds of at least EUR 340 million. Subject to certain conditions
precedent, News Adelaide Holdings B.V. has agreed to backstop these
financing measures to ensure raising gross proceeds of not less than EUR
340 million. Sky Deutschland plans to raise the remaining amount of
approximately EUR 162.6m through the issuance of a convertible bond to
and/or a shareholder loan from News Adelaide Holdings B.V. and/or a News
Adelaide Holdings B.V.'s designee by no later than 31 January 2011.
The new shares are expected to be included in the existing quotation of Sky
Deutschland's shares on the Frankfurt Stock Exchange on 1 October 2010.
Settlement of the new shares is expected to occur on the same day.
Brian Sullivan, CEO of Sky Deutschland AG, commented: 'We are satisfied
with the result of the rights offering, and would like to thank our
shareholders for their confidence in Sky. We are well on track now and find
ourselves in a solid position to execute on our plans and accelerate future
growth.'
The Royal Bank of Scotland and UniCredit Bank AG are acting as Joint Global
Coordinators and Joint Lead Managers for the capital increase.
This press release is available on the internet at info.sky.de.
Contact for press:
Dr. Hans-Jürgen Croissant
Senior Vice President Corporate Communications
Tel.: +49 89/99 58-63 97
hans-juergen.croissant(at)sky.de
Contact for investors and analysts:
Christine Scheil
Vice President Investor Relations
Tel.: +49 89/99 58-10 10
christine.scheil(at)sky.de
This publication constitutes neither an offer to sell nor a solicitation to
buy any securities. The securities have already been sold.
These materials do not constitute an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States,
Germany or any otherjurisdiction. The shares (the 'Shares') of Sky
Deutschland AG (the 'Company') may not be offered or sold in the United
States absent registration or an exemption from registration under the U.S.
Securities Act of 1933, as amended. The Company does not intend to register
any portion of the offering in the United States or to conduct a public
offering of Shares of the Company in the United States.
This release contains statements regarding future developments that have
been based on current evaluations and have been made to best of the
knowledge of the management of Sky Deutschland AG. Such statements with
regard to future developments are subject to known and unknown risks,
uncertainties and other factors that could cause the profit situation,
profitability, value development or the performance of Sky Deutschland AG
or the success of the media industry to diverge from those profit
situations, profitability, value development or performance results that
are assumed expressly or implied or described in these statements regarding
the future. Considering these risks, uncertainties and well as other
factors, readers of these documents should not rely in an incommensurate
manner on these statements dealing with future developments. Sky
Deutschland AG has no obligation to behave in keeping with such statements
regarding future developments or to alter its behavior to accommodate
future events and developments.
28.09.2010 18:07 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: Sky Deutschland AG
Medienallee 26
85774 Unterföhring
Deutschland
Phone: +49 (0)89 9958-02
Fax: +49 (0)89 9958-6239
E-mail: ir(at)sky.de
Internet: info.sky.de
ISIN: DE000SKYD000
WKN: SKYD00
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart, Hannover
End of Announcement DGAP News-Service
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Datum: 28.09.2010 - 18:07 Uhr
Sprache: Deutsch
News-ID 32268
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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