08/16/2010
Ströer Out-of-Home Media AG to increase share capital from authorized capital by exercising
Ströer Out-of-Home Media AG / Capital Increase/IPO
16.08.2010 15:55
Dissemination of a Ad-hoc-correction according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
This is a correction of the ad hoc release according to § 15 WpHG released
on 16.08.2010 at 14:41 p.m. In the first sentence the increase in share
capital was corrected from EUR 64,000 to EUR 640,000.
Full text of corrected ad-hoc-release:
Cologne, August 16, 2010
Ströer to increase share capital from authorized capital by exercising
Greenshoe option
- Issue of 640,000 new shares resolved
- Gross proceeds for Ströer amount to EUR 12.8 million
The Management Board of Ströer Out-of-Home Media AG ('Ströer') resolved on
August 13, 2010, with today's approval of the Supervisory Board, to
increase the company's share capital by EUR 640,000 from EUR 41,458,238 to
EUR 42.098.238 by issuing 640,000 new common shares from authorized capital
against a cash contribution. Each of the new shares represent a value of
EUR 1.00 in the share capital of the company and carry full dividend rights
as of January 1, 2010. Existing shareholders were not granted subscription
rights.
The new shares will be issued against the partial exercise of a Greenshoe
option that was granted by Ströer to Morgan Stanley as stabilization
manager in the IPO. The Greenshoe option serves the redemption of a
remunerated securities loan made to cover overallotments. All new shares
have been acquired at the offer price of EUR 20.00 by Morgan Stanley in its
own name and for the account of all the underwriting banks. The gross
proceeds (before commissions) received by the company amounts to EUR 12.8
million.
The new Ströer shares are to be admitted to trading on the Regulated Market
of the Frankfurt Stock Exchange and with simultaneous admission to the
sub-segment with post-admission obligations, the Prime Standard segment.
Inclusion of the new Ströer shares in the existing listing on the Frankfurt
Stock Exchange is planned in the course of August, 2010.
---------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
About Ströer
Ströer Out-of-Home Media AG is a specialist for all forms of outdoor
advertising - ranging from classic posters, advertising in waiting areas
and mass transit to digital and interactive media. The company markets over
280,000 advertising spaces and is one of the leading out-of-home
advertisers in Europe: In terms of sales revenue, Ströer is the leader in
its core markets of Germany, Turkey and Poland (following the acquisition
of News Outdoor Poland). In these markets the company provides its clients
with extensive networks for nationwide advertising campaigns. The Ströer
Group has some 1,400 employees at over 60 locations. The company's
portfolio comprises a variety of different outdoor advertising products. In
terms of advertising media and street furniture, the company values top
quality, innovation and superior design. With its products, Ströer sets new
standards of design of public spaces. Ströer street furniture has already
received 26 international awards. More information about the company is
available at www.stroeer.com
Disclaimer
This ad hoc release does not constitute an offer for the sale of securities
in the United States of America, Canada, Australia, Japan or in any other
jurisdiction in which an offer is subject to legal restrictions. The
securities named in this ad hoc release may be sold or offered for sale in
the United States of America only with prior registration under the
provisions of the U.S. Securities Act of 1933 ('Securities Act'), as
amended, or in the absence of prior registration only on the basis of an
exemption. Subject to certain exemptions in accordance with the Securities
Act, the securities named in this announcement may not be sold or offered
for sale in Australia, Canada or Japan or for the account of Australian,
Canadian or Japanese residents. There is no registration of the offer or
the sale of the securities named in this announcement according to the
respective legal requirements of Canada, Australia and Japan. There will be
no public offer of securities in the United States of America.
This ad hoc release is solely for advertising purposes and does not
constitute a prospectus. Interested investors should make their investment
decision in regard to the securities named in this announcement solely on
the basis of information in a prospectus published by the company in
connection with this offer and approved by the German Federal Financial
Supervisory Authority (BaFin). This securities prospectus is available free
of charge from Ströer Out-of-Home Media AG (Ströer Allee 1, 50999 Cologne,
Germany) or on the website www.stroeer.com.
This ad hoc release contains forward-looking statements based on current
assessments and assumptions made by the management of Ströer Out-of-Home
Media AG according to the best information available. Forward-looking
statements are subject to known and unknown risks, uncertainties and other
factors that can lead to the results of operations, profitability,
performance or the profits of Ströer Out-of-Home Media AG deviating
significantly from the results of operations, profitability, performance or
the profits as expressly described in these forward-looking statements or
to be implicitly assumed from them. In view of these risks, uncertainties
and other factors, the recipient of these materials should not place undue
reliance on these forward-looking statements. Ströer Out-of-Home Media AG
undertakes no obligation to update these forward-looking statements and to
conform them to future events and developments.
Press contact:
Petra Kaiser
Ströer Out-of-Home Media AG
Corporate Communication
Ströer Allee 1 | D-50999 Cologne
Telephone: +49 (0)2236 - 96 45-246
Fax: +49 (0)2236 - 96 45-6246
E-Mail: pkaiser@stroeer.de
IR contact:
Stefan Hütwohl
Ströer Out-of-Home Media AG
Director Group Finance and Investor Relations
Ströer Allee 1 | D-50999 Cologne, Germany
Phone: +49 (0)2236 / 96 45-338
Fax: +49 (0)2236 / 96 45-6338
E-Mail: ir@stroeer.de
16.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Ströer Out-of-Home Media AG
Ströer Allee 1
50999 Köln
Deutschland
Phone: +49 (0)2236.96 45 0
Fax: +49 (0)2236.96 45 299
E-mail: info@stroeer.com
Internet: www.stroeer.de
ISIN: DE0007493991
WKN: 749399
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------------
back
Ströer Out-of-Home Media AG to increase share capital from authorized capital by exercising
Ströer Out-of-Home Media AG / Capital Increase/IPO
16.08.2010 15:55
Dissemination of a Ad-hoc-correction according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
This is a correction of the ad hoc release according to § 15 WpHG released
on 16.08.2010 at 14:41 p.m. In the first sentence the increase in share
capital was corrected from EUR 64,000 to EUR 640,000.
Full text of corrected ad-hoc-release:
Cologne, August 16, 2010
Ströer to increase share capital from authorized capital by exercising
Greenshoe option
- Issue of 640,000 new shares resolved
- Gross proceeds for Ströer amount to EUR 12.8 million
The Management Board of Ströer Out-of-Home Media AG ('Ströer') resolved on
August 13, 2010, with today's approval of the Supervisory Board, to
increase the company's share capital by EUR 640,000 from EUR 41,458,238 to
EUR 42.098.238 by issuing 640,000 new common shares from authorized capital
against a cash contribution. Each of the new shares represent a value of
EUR 1.00 in the share capital of the company and carry full dividend rights
as of January 1, 2010. Existing shareholders were not granted subscription
rights.
The new shares will be issued against the partial exercise of a Greenshoe
option that was granted by Ströer to Morgan Stanley as stabilization
manager in the IPO. The Greenshoe option serves the redemption of a
remunerated securities loan made to cover overallotments. All new shares
have been acquired at the offer price of EUR 20.00 by Morgan Stanley in its
own name and for the account of all the underwriting banks. The gross
proceeds (before commissions) received by the company amounts to EUR 12.8
million.
The new Ströer shares are to be admitted to trading on the Regulated Market
of the Frankfurt Stock Exchange and with simultaneous admission to the
sub-segment with post-admission obligations, the Prime Standard segment.
Inclusion of the new Ströer shares in the existing listing on the Frankfurt
Stock Exchange is planned in the course of August, 2010.
---------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
About Ströer
Ströer Out-of-Home Media AG is a specialist for all forms of outdoor
advertising - ranging from classic posters, advertising in waiting areas
and mass transit to digital and interactive media. The company markets over
280,000 advertising spaces and is one of the leading out-of-home
advertisers in Europe: In terms of sales revenue, Ströer is the leader in
its core markets of Germany, Turkey and Poland (following the acquisition
of News Outdoor Poland). In these markets the company provides its clients
with extensive networks for nationwide advertising campaigns. The Ströer
Group has some 1,400 employees at over 60 locations. The company's
portfolio comprises a variety of different outdoor advertising products. In
terms of advertising media and street furniture, the company values top
quality, innovation and superior design. With its products, Ströer sets new
standards of design of public spaces. Ströer street furniture has already
received 26 international awards. More information about the company is
available at www.stroeer.com
Disclaimer
This ad hoc release does not constitute an offer for the sale of securities
in the United States of America, Canada, Australia, Japan or in any other
jurisdiction in which an offer is subject to legal restrictions. The
securities named in this ad hoc release may be sold or offered for sale in
the United States of America only with prior registration under the
provisions of the U.S. Securities Act of 1933 ('Securities Act'), as
amended, or in the absence of prior registration only on the basis of an
exemption. Subject to certain exemptions in accordance with the Securities
Act, the securities named in this announcement may not be sold or offered
for sale in Australia, Canada or Japan or for the account of Australian,
Canadian or Japanese residents. There is no registration of the offer or
the sale of the securities named in this announcement according to the
respective legal requirements of Canada, Australia and Japan. There will be
no public offer of securities in the United States of America.
This ad hoc release is solely for advertising purposes and does not
constitute a prospectus. Interested investors should make their investment
decision in regard to the securities named in this announcement solely on
the basis of information in a prospectus published by the company in
connection with this offer and approved by the German Federal Financial
Supervisory Authority (BaFin). This securities prospectus is available free
of charge from Ströer Out-of-Home Media AG (Ströer Allee 1, 50999 Cologne,
Germany) or on the website www.stroeer.com.
This ad hoc release contains forward-looking statements based on current
assessments and assumptions made by the management of Ströer Out-of-Home
Media AG according to the best information available. Forward-looking
statements are subject to known and unknown risks, uncertainties and other
factors that can lead to the results of operations, profitability,
performance or the profits of Ströer Out-of-Home Media AG deviating
significantly from the results of operations, profitability, performance or
the profits as expressly described in these forward-looking statements or
to be implicitly assumed from them. In view of these risks, uncertainties
and other factors, the recipient of these materials should not place undue
reliance on these forward-looking statements. Ströer Out-of-Home Media AG
undertakes no obligation to update these forward-looking statements and to
conform them to future events and developments.
Press contact:
Petra Kaiser
Ströer Out-of-Home Media AG
Corporate Communication
Ströer Allee 1 | D-50999 Cologne
Telephone: +49 (0)2236 - 96 45-246
Fax: +49 (0)2236 - 96 45-6246
E-Mail: pkaiser@stroeer.de
IR contact:
Stefan Hütwohl
Ströer Out-of-Home Media AG
Director Group Finance and Investor Relations
Ströer Allee 1 | D-50999 Cologne, Germany
Phone: +49 (0)2236 / 96 45-338
Fax: +49 (0)2236 / 96 45-6338
E-Mail: ir@stroeer.de
16.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Ströer Out-of-Home Media AG
Ströer Allee 1
50999 Köln
Deutschland
Phone: +49 (0)2236.96 45 0
Fax: +49 (0)2236.96 45 299
E-mail: info@stroeer.com
Internet: www.stroeer.de
ISIN: DE0007493991
WKN: 749399
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------------
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