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
 
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