Public disclosure of inside information according to article 17 MAR
MBB Industries AG: Delignit AG entirely places capital increase at high demand
Berlin
(pta022/01.12.2010/14:05 UTC+1)
December 1, 2010 - The Delignit AG (ISIN DE000A0MZ4B0), a leading manufacturer of ecological products and system solutions based on the natural wood material Delignit and a 80.55% subsidiary of MBB Industries AG (ISIN DE000A0ETBQ4), announces the entire placement and thus the successful completion of the capital increase.
Due to the high interest of institutional investors the Managing Board of Delignit AG had decided - with the approval of the Board of Directors - to enhance the capital increase up to Eur2.2m after previously announced up to Eur2.0m.
Thus 73.8% of the 1,986,400 shares offered were subscribed by the existing shareholders as part of their subscription rights. The unsubscribed shares were offered to institutional investors following the subscription period expired on November 26; the demand significantly exceeded the supply of Delignit shares. The number of shares issued increases by the capital increase from 6,207,500 shares so far to 8,193,900 shares. MBB Industries AG, which previously held 80.5% of the shares, is involved with 76.1% after the capital increase.
The issue price amounted to 1.10 Eur, so that the gross inflow from the corporate action is approximately Eur2.2m.
The transaction was accompanied by the VEM Bank AG.
The capital increase was the final action of restructuring the company. The Delignit AG is now focused on the long term and earnings promising business lines Automotive and Technological Applications. With the completion of the restructuring, Delignit AG recorded a significant improvement in profitability.
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 AG, 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: | 0049-030-84415330 | |
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 |