KHD Humboldt Wedag International AG successfully completes capital increase
Cologne, February 16, 2011 – KHD Humboldt Wedag International AG (KHD) successfully concluded its capital increase today. The capital increase, which is from approved capital and grants statutory subscription rights to existing shareholders, formed the subject of a Management Board resolution with Supervisory Board assent on December 21, 2010. As part of the transaction, the company’s share capital is increased by EUR 16,561,021.00, from EUR 33,142,552.00 to EUR 49,703,573.00.The new ordinary bearer shares, each with a notional amount in the share capital of EUR 1.00, were issued at a price of EUR 4.53 per share. They carry dividend entitlement from January 1, 2010. The gross issue proceeds from the transaction amount to EUR 75,021,425.13.
A total of 16,571,276 new shares was available for the capital increase. Following the end of the subscription period there were sufficient shares remaining to allow Max Glory Industries Ltd. (“MGI”) to subscribe for such a number of shares for MGI to hold 20% of the company’s shares following the implementation of the capital increase. MGI is an indirect subsidiary of CATIC Beijing Co. Ltd., Beijing, China, with which KHD concluded a cooperation agreement in December 2010. This agreement has become effective since the capital increase has been implemented, according to its terms.
The new shares will be included in the Regulated Market of the Frankfurt Stock Exchange prospectively at the beginning of next week.
This release is neither an offer to sell nor a solicitation of an offer to buy or subscribe for any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. This release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended. KHD does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement should not be made in and may not be distributed or sent into the United States, Canada, Australia or Japan.
Securities identification number (WKN): 657800
Market segment: Regulated Market (General Standard) of the Frankfurt Stock Exchange
KHD Humboldt Wedag International AG
51067 Cologne, Germany
Ulrich Wiehle / Susanne Gremmler
Tel.: +49 (0)611 – 205855-23
Fax: +49 (0)611 – 205855-66