DGAP-News: HELLA KGaA Hueck & Co.: HELLA free float increases significantly
Publicated on 05/20/2015
HELLA KGaA Hueck & Co. / Key word(s): Miscellaneous The information contained herein is not for publication or distribution in or into the United States of America, Canada, Japan and Australia. HELLA free float increases significantly - Free float increases to approximately 28 percent - Family shareholders place around 13.9 million shares with institutional investors - Mid-term objective MDAX kept in sight Lippstadt, May 20, 2015. The family shareholders of HELLA KGaA Hueck & Co., a globally leading supplier of lighting technology and electronic products for the automotive industry, have informed the company that they have placed further shares with institutional investors in an accelerated bookbuilding. Overall, the family members sold around 13.9 million shares of HELLA KGaA Hueck & Co. in the process. The free float of HELLA thereby increased to approximately 28 percent. With the going public in November 2014, the members of the shareholder family have signed a pooling agreement in which they jointly agree to keep at least 60 percent of the shares within the family. The agreement will be in force until at least 2024. The now placed shares originate from holdings not subject to the pooling agreement. Furthermore, the remaining shares of the family shareholders participating in the sale are reportedly subject to a lock-up of six months. The placement and the associated increase of the free float mark a further milestone for HELLA on the way to achieving the mid-term goal of an MDAX entry. Bankhaus Lampe and Deutsche Bank acted as joint bookrunners in the private placement with institutional investors. Please note: HELLA KGaA Hueck & Co., Lippstadt: HELLA is a global, family-owned company, listed on the stock exchange, with more than 30,000 employees at 100 locations in more than 35 countries. The HELLA Group develops and manufactures light technology and electronic components and systems for the automotive industry and manages one of Europe's largest dealer organizations for automotive parts, accessories, diagnostics, and services. Entire vehicle modules, air-conditioning systems, and on-board electrical systems are also realized in joint venture companies. With over 5,800 employees working in Research and Development, HELLA is a key innovation driver in the market. In addition, with sales of approximately 5.3 billion Euros in the fiscal year of 2013/2014, the HELLA Group is one of the top 50 automotive parts suppliers in the world and one of the 100 largest German industrial companies. For additional information please contact: Dr Markus Richter Disclaimer:
2015-05-20 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 |
Language: | English | |
Company: | HELLA KGaA Hueck & Co. | |
Rixbecker Str. 75 | ||
59552 Lippstadt | ||
Germany | ||
Phone: | +49 (0)2941 38-7125 | |
Fax: | +49 (0)2941 38-6647 | |
E-mail: | Investor.Relations@hella.com | |
Internet: | www.hella.de/ir | |
ISIN: | DE000A13SX22 | |
WKN: | A13SX2 | |
Indices: | SDAX | |
Listed: | Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf; Luxemburg | |
End of News | DGAP News-Service |
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