Capital increase 2011
The capital increase decided by LEONI AG’s Management Board with the Supervisory Board’s approval was successfully completed on 1 July 2011.
LEONI placed 2,969,000 new, registered no-par-value shares for cash from authorised capital at a price of € 38.00 per share. The Company received gross issue proceeds of about € 113 million. The Company's share capital was increased from € 29.7 million to € 32.7 million.
The new shares, which are entitled to dividend from 1 January 2011, were offered to institutional investors by way of accelerated bookbuilding. Shareholders’ right to subscribe to this was excluded. The transaction was accompanied by Deutsche Bank AG as sole bookrunner and HSBC as co-lead manager.
The prospectus-exempt admission of the new shares to the regulated market on the Frankfurt Stock Exchange (Prime Standard) as well as the Munich Stock Exchange likewise took place on 1 July 2011. Since 5 July 2011 they have been included in the existing pricing of the Company's shares.
The capital increase improved LEONI’s financial base considerably from early July 2011.
