Ringmetall uses successful capital increase for further acquisitions

DGAP-News: Ringmetall Aktiengesellschaft / Key word(s): Mergers & Acquisitions/Capital Increase

2016-07-15 / 09:14
The issuer is solely responsible for the content of this announcement.


Ringmetall uses successful capital increase for further acquisitions

- Placement of 2,288,000 new shares at EUR 2.20 per share

- Gross proceeds of EUR 5.0 million

- Acquisition of minority stakes of Italian subsidiary S.G.T.

Munich, 15 July 2016 - Ringmetall AG (ISIN: DE0006001902), ), an internationally leading specialist in the packaging industry, today successfully concluded its capital increase, excluding subscription rights of existing shareholders, with a volume of EUR 5.0 million. The share allotment was scaled down as the transaction was several times oversubscribed.

'Subsequently to our Germany roadshow last week, numerous investors indicated high interest in acquiring larger bocks of shares of Ringmetall', Christoph Petri, spokesperson of the Managing Board of Ringmetall Group, explains. 'On the one hand the Managing Board decided for the transaction to increase the attractiveness of the Ringmetall share among institutional investors due to the now increased free float. On the other hand we immediately used parts of the cash injection for a smaller acquisition.'

Against the background of the capital increase conducted, Ringmetall AG increased its stake in its Italian subsidiary S.G.T. of so far 51 percent to 80 percent. The remaining 20 percent stay in the hands of the management of the subsidiary. The parties have agreed to keep the purchase price confidential. 'We were able to further increase our stake in S.G.T. at economically attractive conditions. At the same time, with the further stake remaining with the management, a stronger bonding of management capacities to our group of companies is ensured', Petri underlines.

The Managing Board of Ringmetall Group plans to use the currently attractive market environment for another acquisition of smaller extent during the course of the year. It is intended to ensure, that no acquisition related extraordinary effects occur in the course of financial reporting. Further information about Ringmetall Group and its subsidiaries is available at www.ringmetall.de.

Contact:

Ingo Middelmenne
Investor Relations
Ringmetall AG

Phone: +49 (0)89 45 220 98 12
Email: middelmenne@ringmetall.de

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.




Contact:
Ingo Middelmenne
Head of Investor Relations
Ringmetall AG
+49 89 45 22 098 - 12
middelmenne@ringmetall.de


2016-07-15 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.

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