15.12.2015
Ekotechnika AG DE000A161234
DGAP-News: Ekotechnika AG achieves full placement of acquisition offer
DGAP-News: Ekotechnika AG / Key word(s): Capital Reorganisation/IPO
Ekotechnika AG achieves full placement of acquisition offer
15.12.2015 / 16:33
The issuer is solely responsible for the content of this announcement.
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- New Series A shares oversubscribed two and a half times
- New Series A shares to be delivered on 16 December 2015
- Admission for trading on 17 December 2015
- Cash Compensation of EUR 89.77 per acquisition right
- Financial restructuring completed successfully
Walldorf, 15 December 2015 - Ekotechnika AG, the German holding company of
the EkoNiva-Technika Group, the largest dealer of international
agricultural machinery in Russia, successfully completed the placement of
its new Series A shares. The offer of 1,539,000 Series A bearer shares
(ISIN DE000A161234) issued in the context of the capital increase against
contribution in kind by way of a debt-to-equity swap was oversubscribed two
and a half times. Total demand for the Ekotechnika shares amounted to
3,770,050 shares.
During the acquisition period from 23 November through 9 December 2015, the
previous bondholders exercised 80 % of the acquisition rights for the
Series A shares (1,229,481 shares). Due to the high demand, the remaining
309,518 shares can be allocated from the oversubscription (over 1.9 million
shares) at a price of EUR 3.50. The allocation quota is 18 %.
The new Series A shares from the acquisition rights are scheduled for
delivery on Wednesday, 16 December 2015 ("delivery day" as defined in the
acquisition offer). The shares from the oversubscription will probably be
delivered to the depositary accounts as of the value date 18 December 2015.
The Ekotechnika shares (WKN A16123) are admitted for trading in the primary
market of the Düsseldorf Stock Exchange on 17 December 2015.
As the shares are fully placed, there will be no subsequent sales period.
The cash compensation of EUR 89.77 per unexercised acquisition right
(equivalent to EUR 3.50 per share) is expected to be paid on 30 December
2015 ("payment day" as defined in the acquisition offer). Hence, the
financial restructuring of Ekotechnika AG as resolved by the second
bondholders' meeting on 6 May 2015 has been completed successfully.
Information on the share will be provided on the Ekotechnika website at
http://www.ekotechnika.de/en/investor-relations/share.html.
About Ekotechnika
Walldorf-based Ekotechnika AG is the German holding company of the
Ekoniva-Technika Group, the largest distributor of agriculture equipment in
Russia. The company's single most important supplier is John Deere & Co.,
the world's leading manufacturer in this field. In addition, Ekotechnika
sells equipment from another 11 market-leading manufacturers. Its main
business is in selling new equipment such as tractors but also milking
equipment and precision farming technology. In addition, the company sells
spare parts and provides service and maintenance. Ekotechnika's founder and
board member is Stefan Dürr, who has been active in the Russian farming
sector since the late eighties and has been instrumental in its
modernisation over the past two decades. In 2011 the equipment business was
separated from the farming business, which now operates independently under
the name Ekosem-Agrar. Operating 12 locations in attractive Russian farming
regions, Ekotechnika today employs around 545 people and generates sales of
EUR 171 million in 2013/2014.
Contact
Ekotechnika AG // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf // T: +49
(0) 6227 3 58 59 60 //
E: [email protected] // www.ekotechnika.de
Media / Investor Relations
Fabian Kirchmann // IR.on AG // T: +49 (0) 221 9140 970 // E:
[email protected]
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15.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP 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: Ekotechnika AG
Johann-Jakob-Astor-Str. 49
69190 Walldorf
Germany
Phone: +49 (0) 6227 3 58 59 60
E-mail: [email protected]
Internet: www.ekotechnika.de
ISIN: DE000A161234
WKN: A1R1A1
Listed: Regulated Unofficial Market in Dusseldorf
Notierung vorgesehen. / Intended to be listed.
End of News DGAP News Service
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