07.05.2014
LANXESS Aktiengesellschaft DE0005470405
DGAP-Adhoc: LANXESS Aktiengesellschaft: LANXESS decides to increase its share capital by 10 percent
LANXESS Aktiengesellschaft / Key word(s): Capital Increase
07.05.2014 18:37
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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LANXESS decides to increase its share capital by 10 percent
Cologne - The Board of Management of LANXESS AG has decided today, with
approval from the Supervisory Board, to utilize the existing authorized
capital in part and to increase the share capital of the company by 10
percent, excluding the subscription rights of the shareholders. The
increase of the share capital by a nominal amount of EUR 8,320,266.00 is
against the issuance of 8,320,266 new, no par-value bearer shares in the
company, which carry full dividend rights for the business year 2013.
The new shares will be offered to institutional investors by means of a
private placement, using an accelerated bookbuilding process. The placement
price and the proceeds from the issue will be made public once the price
has been fixed.
This corporate action should help finance upcoming restructuring measures
and generally strengthen the financial position of the company as well as
its investment grade credit ratings.
LANXESS achieved an EBITDA pre-exceptionals of EUR 205 million in the first
quarter of 2014, which was within the previously communicated guidance of
roughly EUR 200 million.
Cologne, May 07, 2014
Forward-Looking Statements
This news release may contain forward-looking statements based on current
assumptions and forecasts made by LANXESS AG management. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future results, financial situation,
development or performance of the company and the estimates given here. The
company assumes no liability whatsoever to update these forward-looking
statements or to conform them to future events or developments.
Notice
This publication does not constitute a public offer of securities in
Germany. It is not for publication or distribution, directly or indirectly,
in or into the United States of America. This publication does not
constitute an offer to sell securities, or a solicitation of an offer to
buy securities, in the United States of America or in any other
jurisdiction to any person to whom it is unlawful to make such offer or
solicitation in such jurisdiction. Securities may not be offered or sold in
the United States of America absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the
'Securities Act'). The securities of Lanxess AG described herein have not
been and will not be registered under the Securities Act, or the laws of
any State, and may not be offered or sold within the United States of
America, except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and
applicable State laws. Lanxess AG does not intend to register any portion
of the offering in the United States of America or conduct a public
offering of securities in the United States of America.
07.05.2014 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: LANXESS Aktiengesellschaft
Kennedyplatz 1
50569 Köln
Germany
Phone: +49 (0)221 8885-0
Fax: +49 (0)221 8885-4944
E-mail: [email protected]
Internet: www.lanxess.com
ISIN: DE0005470405
WKN: 547040
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX
End of Announcement DGAP News-Service
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