DGAP-News: Schaltbau convertible bond 98 per cent converted
(firmenpresse) - DGAP-News: Schaltbau Holding AG / Key word(s): Miscellaneous
Schaltbau convertible bond 98 per cent converted
10.05.2011 / 14:52
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Schaltbau convertible bond 98 per cent converted
Munich, 10 May 2011 - Up to 6 May 2011, the last day of the conversion
period, 98 per cent of the convertible bonds 2007/2012 (ISIN DE000A0TFWY1 -
WKN A0TFWY) issued by Schaltbau Holding AG had been converted into company
shares. Of the total volume of EUR 8.5 million, divided into 85,000 partial
bonds at a nominal value of EUR 100 a piece, EUR 8.3 million were
converted. Since 31 March 2011 the equity of Schaltbau Holding AG has thus
risen by approximately EUR 5.5 million, so that there are good chances of
achieving the declared target of 25 per cent equity ratio by mid-2011. As a
result of the conversion, the total number of shares rose from 1,875,162 at
31 December 2010 to a new figure of 2,050,730.
The unconverted convertible bonds to the value of EUR 168,800 were paid
back in accordance with the bond conditions.
A separate price applies to the new type of shares until the Annual General
Meeting on 9 June 2011. On that day the shareholders will pass a resolution
regarding the proposal of the administration to pay a dividend of EUR 1.10
per share for the fiscal year 2010. As from the settlement date, the two
types of share will be merged.
End of Corporate News
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10.05.2011 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: Schaltbau Holding AG
Hollerithstraße 5
81829 München
Deutschland
Phone: 089 - 93005 - 209
Fax: 089 - 93005 - 318
E-mail: bloch(at)schaltbau.de
Internet: www.schaltbau.de
ISIN: DE0007170300, DE000A0D66Z2, DE000A0TFWY1, DE000A1H3440
WKN: 717030, A0D66Z2, A0TFWY1, A1H344
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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123832 10.05.2011
Datum: 10.05.2011 - 14:52 Uhr
Sprache: Deutsch
News-ID 34010
Anzahl Zeichen: 0
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Kategorie:
Business News
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