Praktiker AG: Back-Stop Arrangement with Investors

Praktiker AG  / Key word(s): Corporate Action

04.10.2012 21:58

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.

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Praktiker AG: Back-Stop Arrangement with Investors

4 October 2012: Praktiker AG has agreed on a back-stop arrangement with the
investors Whitesmith Private Equity Investors LP and Donau Invest
Ges.m.b.H. (hereinafter jointly referred to as the 'Investors'). The
Investors have undertaken towards the Company and the underwriting bank to
purchase unsubscribed new shares, in the context of the capital increase
with subscription rights of the shareholders as resolved by the Company's
Annual General Meeting on 4 July 2012, at a subscription price of EUR 1.08
and up to a maximum volume of EUR 40 million. This back-stop obligation is
limited in time and will terminate in case the capital increase is not
registered with the Company's commercial register by 31 December 2012. In
addition, the back-stop obligation is subject to conditions common for
capital increases in restructuring situations and termination rights.

The back-stop arrangement increases the probability of a successful
placement of the rights issue and, therefore, substantially contributes to
financing the restructuring concept.


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Language:     English
Company:      Praktiker AG
              Am Tannenwald 2
              66459 Kirkel
              Germany
Phone:        +49 (0)6849 95-3700
Fax:          +49 (0)6849 95-3709
E-mail:       investorrelations@praktiker.de
Internet:     www.praktiker.com
ISIN:         DE000A0F6MD5
WKN:          A0F6MD
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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