Public disclosure of inside information according to article 17 MAR
MBB Industries AG: Delignit AG informs about details of capital increase
Berlin
(pta010/10.11.2010/08:10 UTC+1)
November 10, 2010 - Delignit AG (ISIN DE000A0MZ4B0), a 80.55% subsidiary of MBB Industries AG (ISIN DE000A0ETBQ4), informs about details of the already announced capital increase. The capital increase is related to Delignit focussing on long term, earning promising business lines Automotive and Technical Applications on the German site.
The subscription period for the new shares of Delignit AG for the current shareholders runs from November 12 to November 26, 2010. The subscription price will amount to Eur1.1 per share. Because of indications for a high interest of institutional investors the management board of Delignit AG decided in agreement with the board of directors to raise the capital increase to Eur2.2m instead of the before announced Eur2.0m. The new shares in the amount of 1.986.400 are offered to the current shareholders in a ratio of 25:8 (25 old shares to 8 new shares). The subscription rights are transferable; a stock market trading in subscription rights will not take place. At the end of the subscription period shares that may not have been subscribed are offered to institutional investors in a private placement at a price of at least Eur1.10.
MBB Industries AG will participate on the capital increase in the amount of Eur1.5m. The number of issued shares rises by the capital increase from 6.207.500 to 8.193.900 shares.
The transaction is accompanied by VEM Aktienbank AG.
About MBB Industries AG:
Since 1995, MBB Industries AG has maintained successful holdings in the form of medium sized industrial companies with sustainable value growth potential. The business model is based on a three-pillar structure, comprising the acquisition of interests at favourable terms, subjecting them to value enhancing holding management, and releasing them in high-yield sales. Right from the start, MBB Industries AG has achieved above-average profitability, and continues to devote its efforts to attaining unusually high yields in the future.
For further information about MBB Industries, please visit http://www.mbbindustries.com
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Emitter: |
MBB Industries AG Joachimstaler Str. 34 10719 Berlin Germany |
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Contact Person: | Sebastian Laiblin | |
Phone: | 0049-030-84415336 | |
E-Mail: | anfrage@mbbindustries.com | |
Website: | www.mbbindustries.com | |
ISIN(s): | DE000A0ETBQ4 (Share) | |
Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart |