Balda AG / Key word(s): Capital Increase
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 increases share capital
– Share capital from authorised capital increased by up to 6,769,584
– Subscription period presumably December 3 to December 17, 2007
– Subscription price to be set on December 10, 2007 prior to the start of
Bad Oeynhausen, November 29, 2007. With the approved capital increase Balda
is setting a clear course for the future. The company will reduce its
liabilities and it will gain flexibility for future growth.
The share capital is being increased from 47,387,088 shares at present to
up to 54,156,672 shares. The up to 6,769,584 new shares have the same
rights as the shares that have already been issued. The new shares will be
offered to the Balda shareholders for subscription in the period from
December 3 to December 17, 2007 (12:00 noon, Frankfurt Time) by a syndicate
of banks, comprising Sal. Oppenheim and Landesbank Baden-Wuerttemberg. The
subscription ratio is 7:1.
The subscription price is expected to be fixed at December 10, 2007 prior
to the start of trading. Any new shares that have not been subscribed shall
be placed with German and international institutional investors outside the
USA, Canada and Japan by means of a private placement.
The subscription rights will be traded on Frankfurt Stock Exchange in the
period from presumably December 4 to December 13, 2007. The new shares from
the capital increase are expected to be included in the listing of the old
Balda shares on December 19, 2007.
Together with the new shares from the capital increase a further 4,691,321
shares from the capital increase approved in November 2006, as well as up
to 23,653,544 shares, that could be created from the existing conditional
capital will be admitted for trading.
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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 completely
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
facilities in the region. Plants in Brazil and in Malaysia, as well as the
facility in Germany for Balda Medical, underline the global competitiveness
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, Internet:
* * *
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 example,
developments in the mobile communications industry, changes in technology
and the ability to timely and successfully develop new products 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. Securities Act of
1933, as amended (the ‘Securities Act’)) unless registered under the
Securities Act or pursuant to an exemption from such registration. The
Shares have not been and will not be registered under the Securities Act.
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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