Ringmetall decides on cash capital increase excluding subscription rights of up to about ten percent of share capital
Ringmetall Aktiengesellschaft / Key word(s): Capital Increase
14.07.2016 17:37
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Munich, 14 July 2016 - The Managing Board Ringmetall AG (ISIN:
DE0006001902), an internationally leading specialist in the packaging
industry, today agreed with the consent of the supervisory board, to
transact a cash capital increase excluding subscription rights of existing
shareholders partially utilizing the authorized capital of 2015.
In the course of the transaction, which is accompanied by Lang & Schwarz
Broker GmbH, Düsseldorf, the share capital of Ringmetall AG shall be
increased by nominal up to EUR 2,288,000.00 to up to EUR 25,168,000.00. The
new shares will be offered to European qualified investors in the course of
a private placement.
The proceeds from the transaction are intended to finance the further
internal and external growth of Ringmetall and to form the basis for
further corporate acquisitions.
The placement starts today, 14 July 2016, and is expected to close
tomorrow, 15 July 2016. The executive board of Ringmetall expects to
determine and announce the placement price tomorrow, 15 July 2016. The new
shares will be entitled to dividend payments as of 1 January 2015 and will
be included in the existing listing in the Open Market segment (Entry
Standard) of Deutsche Börse at the Frankfurt Stock Exchange (FWB).
Contact:
Ingo Middelmenne
Head of Investor Relations
Ringmetall AG
+49 89 45 22 098 - 12
middelmenne@ringmetall.de
Information and Explanation of the Issuer to this News:
About Ringmetall Group
Ringmetall is an internationally leading specialist in the packaging
industry. The Industrial Packaging business segment offers highly secure
gasket and locking systems for packaging in the chemical, the petrochemical
and the pharmaceutical industry as well as the food industry. The
Industrial Handling business segment develops application-optimized vehicle
accessory parts for the handling and transport of packaging units. Besides
its headquarters in Munich, Ringmetall has worldwide production and sales
subsidiaries in Germany, Great Britain, Spain, Italy, Slovakia, Turkey, the
Netherlands, as well as in China and the USA. On a global scale, Ringmetall
generates revenues of more than EUR 90 million per year.
Further information is available at www.ringmetall.de.
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Language: English
Company: Ringmetall Aktiengesellschaft
Mannhardtstr. 6
80538 München
Germany
Phone: 089 / 45 22 098 - 0
Fax: 089 / 45 22 098 - 22
E-mail: info@ringmetall.de
Internet: www.ringmetall.de
ISIN: DE0006001902
WKN: 600190
Listed: Regulated Unofficial Market in Berlin; Open Market (Entry
Standard) in Frankfurt
End of Announcement DGAP News-Service