DGAP-News: HELLA KGaA Hueck & Co.: HELLA free float increases significantly



Publicated on 05/20/2015


HELLA KGaA Hueck & Co. / Key word(s): Miscellaneous

2015-05-20 / 08:32


The information contained herein is not for publication or distribution in or into the United States of America, Canada, Japan and Australia.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:
This text and matching pictures are also available from our press database on:
www.hella.com/press

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
Company spokesman
HELLA KGaA Hueck & Co.
Rixbecker Strasse 75
59552 Lippstadt / Germany
Germany
Phone: +49 (0)2941 38-7545
Fax: +49 (0)2941 38-477545
Markus.Richter@hella.com
www.hella.com

Disclaimer:
This document does not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or pursuant to an available exemption from registration under the Securities Act. It is not intended to register any securities referred to herein in the United States.





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



359603  2015-05-20 
back