Balda AG / Key word(s): Miscellaneous
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Balda issues convertible profit participation rights
Bad Oeynhausen, October 31, 2007. In order to restructure its long-term
refinancing Balda AG issued and privately placed convertible profit
participation rights with a nominal value of 34.2 million euros on
October 30, 2007.
The bearer instruments pay 8 percent p.a. on the nominal value and
run to the end of 2013. They are to be repaid at face value insofar
as they have not been converted into Balda shares beforehand by the
bearers. In this respect as many as 4.734 million new Balda shares
may be issued from the contingent capital adopted by the annual gen-
eral meeting on August 9, 2007. The conversion price is 7.22 euros.
If the Xetra closing price of the Balda shares reaches a level of
at least 12.50 euros during the term, Balda may demand the conver-
sion. The instruments were issued within the framework of the exis-
ting authorizations with the exclusion of subscription rights and
have already been privately placed.
* * *
Company profile Balda AG
The internationally operating Balda Group develops and produces highly
integrated devices comprising plastic, metal and electronic components
as well as touch sensors. Among the customers of the SDAX listed company
are international brand-names from the mobile telephony industry, medical
technology and various related markets.
The integration of plastic and touch screen technologies creates comple-
tely new customer benefits. Only Balda currently offers both technologies
from one source on a global scale. The group has a strong position in the
important growth markets China and India and owns four production facili-
ties in the region. Plants in Brazil and in Malaysia, as well as the
facility in Germany for Balda Medical, underline the global competitive-
ness of the group of companies.
* * *
If you have any questions please contact: Balda AG, Clas Röhl, Phone:
+49 5734 922 2728, Fax: +49 5734 922 2691, Mail: email@example.com,
* * *
This ad hoc-announcement includes ‘forward-looking statements’ which
are based on the current expectations of the management of Balda. They
are subject to risks and uncertainty because they relate to events and
depend on circumstances that will occur in the future, such as, for ex-
ample, developments in the mobile communications industry, changes in
technology and the ability to timely and successfully develop new pro-
ducts and various other factors. Balda does not undertake any obligation
to update publicly or revise forward-looking statements except to the
extent legally required.
This ad hoc-announcement is not an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States
or elsewhere. The shares in Balda AG (the ‘Shares’) may not be offered
or sold in the United States or to or for the account or benefit of U.S.
persons (as such term is defined in Regulation S under the U.S. Securi-
ties Act of 1933, as amended (the ‘Securities Act’)) unless registered
under the Securities Act or pursuant to an exemption from such registra-
tion. The Shares have not been and will not be registered under the
31.10.2007 DGAP’s Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Phone: +49 (0) 57 34 / 9 22-0
Fax: +49 (0) 57 34 / 9 22-2604
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service